Westwood Holdings Group Inc. boosted its holdings in Woodward Inc (NASDAQ:WWD) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 396,997 shares of the technology company’s stock after acquiring an additional 4,721 shares during the period. Westwood Holdings Group Inc.’s holdings in Woodward were worth $30,387,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. US Bancorp DE boosted its position in Woodward by 4.6% in the fourth quarter. US Bancorp DE now owns 19,405 shares of the technology company’s stock worth $1,485,000 after purchasing an additional 857 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Woodward by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 8,602 shares of the technology company’s stock valued at $668,000 after buying an additional 897 shares during the last quarter. Aperio Group LLC lifted its position in shares of Woodward by 4.1% during the 4th quarter. Aperio Group LLC now owns 24,736 shares of the technology company’s stock valued at $1,893,000 after buying an additional 978 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Woodward by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 233,814 shares of the technology company’s stock valued at $18,147,000 after buying an additional 983 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Woodward by 49.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock valued at $251,000 after buying an additional 1,092 shares during the last quarter. 74.44% of the stock is currently owned by institutional investors and hedge funds.
WWD has been the topic of a number of recent research reports. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Saturday, January 13th. Barrington Research initiated coverage on Woodward in a research report on Tuesday, January 23rd. They set a “market perform” rating on the stock. BidaskClub raised Woodward from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Cowen reaffirmed a “hold” rating and set a $62.00 price target on shares of Woodward in a research report on Sunday, December 10th. Finally, Wood & Company reaffirmed a “hold” rating on shares of Woodward in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $79.25.
Shares of Woodward Inc (WWD) opened at $74.03 on Friday. The stock has a market capitalization of $4,535.97, a PE ratio of 25.01, a P/E/G ratio of 1.81 and a beta of 1.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.77. Woodward Inc has a 1-year low of $65.22 and a 1-year high of $89.30.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). The company had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. Woodward had a return on equity of 14.04% and a net margin of 8.10%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. analysts expect that Woodward Inc will post 3.4 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were issued a dividend of $0.1425 per share. This is a boost from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 16th. This represents a $0.57 dividend on an annualized basis and a yield of 0.77%. Woodward’s dividend payout ratio is 20.96%.
ILLEGAL ACTIVITY NOTICE: “Woodward Inc (WWD) Shares Bought by Westwood Holdings Group Inc.” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/18/woodward-inc-wwd-shares-bought-by-westwood-holdings-group-inc.html.
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.
Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward Inc (NASDAQ:WWD).
Receive News & Ratings for Woodward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward and related companies with MarketBeat.com's FREE daily email newsletter.