Ramsey Quantitative Systems bought a new stake in Woodward Inc (NASDAQ:WWD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,779 shares of the technology company’s stock, valued at approximately $289,000.
A number of other large investors also recently added to or reduced their stakes in WWD. Assenagon Asset Management S.A. acquired a new position in Woodward in the fourth quarter valued at about $14,286,000. Eagle Asset Management Inc. lifted its stake in Woodward by 12.6% in the third quarter. Eagle Asset Management Inc. now owns 1,122,239 shares of the technology company’s stock valued at $88,623,000 after buying an additional 125,423 shares during the period. BlackRock Inc. lifted its stake in Woodward by 1.6% in the fourth quarter. BlackRock Inc. now owns 5,590,344 shares of the technology company’s stock valued at $427,887,000 after buying an additional 89,964 shares during the period. Victory Capital Management Inc. raised its position in shares of Woodward by 15.7% during the third quarter. Victory Capital Management Inc. now owns 608,512 shares of the technology company’s stock worth $47,227,000 after purchasing an additional 82,700 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Woodward by 41.8% during the third quarter. Wells Fargo & Company MN now owns 259,791 shares of the technology company’s stock worth $20,163,000 after purchasing an additional 76,527 shares during the period. 71.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Woodward Inc (NASDAQ WWD) opened at $73.26 on Friday. The company has a market capitalization of $4,519.46, a PE ratio of 24.92, a PEG ratio of 1.81 and a beta of 1.23. The company has a current ratio of 2.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. Woodward Inc has a 1 year low of $65.22 and a 1 year high of $89.30.
Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.11). The business had revenue of $470.14 million for the quarter, compared to analyst estimates of $472.14 million. Woodward had a return on equity of 14.04% and a net margin of 8.10%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. research analysts forecast that Woodward Inc will post 3.4 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.1425 per share. The ex-dividend date is Friday, February 16th. This is an increase from Woodward’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.78%. Woodward’s dividend payout ratio (DPR) is presently 20.96%.
A number of research firms have recently commented on WWD. Oppenheimer reaffirmed a “market perform” rating and set a $82.00 price target on shares of Woodward in a research report on Thursday, October 26th. BidaskClub lowered Woodward from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Barrington Research reaffirmed a “market perform” rating on shares of Woodward in a research report on Tuesday, February 6th. SunTrust Banks raised their price target on Woodward to $77.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Finally, Wood & Company reaffirmed a “hold” rating on shares of Woodward in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Woodward presently has an average rating of “Hold” and an average price target of $79.25.
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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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