Woodward Inc (NASDAQ:WWD) was the recipient of a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 1,618,820 shares, a growth of 25.4% from the December 15th total of 1,290,461 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily volume of 220,283 shares, the short-interest ratio is currently 7.3 days.
In related news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the transaction, the director now owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.17% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Woodward by 9.8% during the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after acquiring an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Woodward by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Woodward during the 3rd quarter valued at about $203,000. Public Employees Retirement System of Ohio boosted 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 valued at $211,000 after acquiring an additional 171 shares in the last quarter. Finally, McCollum Christoferson Group LLC acquired a new position in Woodward in the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 72.61% of the company’s stock.
A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Saturday. Barrington Research assumed coverage on shares of Woodward in a report on Tuesday, January 23rd. They set a “market perform” rating on the stock. Wood & Company restated a “hold” rating on shares of Woodward in a report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Woodward from a “hold” rating to a “sell” rating in a report on Sunday, January 21st. Finally, Cowen restated a “hold” rating and set a $62.00 price target on shares of Woodward in a report on Sunday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $79.25.
Woodward (NASDAQ:WWD) traded down $3.41 during midday trading on Monday, reaching $78.36. 1,400,458 shares of the company’s stock traded hands, compared to its average volume of 655,069. The company has a quick ratio of 1.35, a current ratio of 2.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $5,010.25, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. Woodward has a 52 week low of $65.22 and a 52 week high of $84.23.
Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.11). Woodward had a return on equity of 14.04% and a net margin of 8.10%. The company had revenue of $470.14 million during the quarter, compared to analyst estimates of $472.14 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts forecast that Woodward will post 3.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.1425 per share. This is a positive change from Woodward’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, February 16th. Woodward’s payout ratio is 18.38%.
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Woodward Company Profile
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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