Woodward Inc (NASDAQ:WWD) was the target of a large increase in short interest in the month of December. As of December 29th, there was short interest totalling 1,618,820 shares, an increase of 25.4% from the December 15th total of 1,290,461 shares. Based on an average daily volume of 220,283 shares, the days-to-cover ratio is presently 7.3 days. Currently, 2.9% of the company’s shares are sold short.
Woodward (WWD) opened at $83.41 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28. The stock has a market capitalization of $5,062.43, a PE ratio of 26.40, a PEG ratio of 2.01 and a beta of 1.24. Woodward has a 52 week low of $65.22 and a 52 week high of $84.23.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $606.79 million during the quarter, compared to analysts’ expectations of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. sell-side analysts expect that Woodward will post 3.43 earnings per share for the current fiscal year.
WWD has been the subject of a number of research analyst reports. Wood & Company cut Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Zacks Investment Research cut Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. BidaskClub cut Woodward from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. ValuEngine cut Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Cowen reiterated a “hold” rating and issued a $62.00 price objective on shares of Woodward in a research note on Sunday, December 10th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $79.25.
In other news, Director Mary L. Petrovich sold 5,700 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now directly owns 27,904 shares in the company, valued at approximately $2,223,669.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.17% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in shares of Woodward by 9.8% in the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after buying an additional 147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Woodward by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after buying an additional 190 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of Woodward in the 3rd quarter valued at about $203,000. Public Employees Retirement System of Ohio raised its position in shares of Woodward by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after acquiring an additional 171 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in shares of Woodward during the 3rd quarter worth about $222,000. Institutional investors and hedge funds own 72.12% of the company’s stock.
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Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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