Earnest Partners LLC raised its stake in shares of Woodward Inc (NASDAQ:WWD) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383,148 shares of the technology company’s stock after purchasing an additional 45,180 shares during the quarter. Earnest Partners LLC owned 0.63% of Woodward worth $29,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. McCollum Christoferson Group LLC bought a new stake in Woodward during the fourth quarter valued at approximately $214,000. Public Employees Retirement System of Ohio lifted its position in Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after purchasing an additional 171 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Woodward by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock valued at $251,000 after purchasing an additional 1,092 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Woodward during the fourth quarter valued at approximately $258,000. Finally, Kovack Advisors Inc. bought a new stake in Woodward during the fourth quarter valued at approximately $260,000. Institutional investors and hedge funds own 74.42% of the company’s stock.
Shares of WWD stock traded up $0.94 during midday trading on Wednesday, hitting $73.93. 189,610 shares of the company traded hands, compared to its average volume of 725,931. 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 12 month low of $65.22 and a 12 month high of $89.30. The stock has a market capitalization of $4,523.75, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27.
Woodward (NASDAQ:WWD) last issued its earnings results on Monday, January 22nd. The technology company reported $0.53 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 firm had revenue of $470.14 million during the quarter, compared to analysts’ expectations of $472.14 million. During the same period in the previous year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. equities analysts predict that Woodward Inc will post 3.4 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.77%. This is an increase from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 16th. Woodward’s payout ratio is presently 20.96%.
Several equities research analysts have issued reports on WWD shares. Zacks Investment Research upgraded shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Saturday, January 13th. Barrington Research initiated coverage on shares of Woodward in a research note on Tuesday, January 23rd. They set a “market perform” rating on the stock. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Cowen reissued a “hold” rating and set a $62.00 price target on shares of Woodward in a research note on Sunday, December 10th. Finally, Wood & Company reissued a “hold” rating on shares of Woodward in a research note on Tuesday, January 23rd. One investment 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 currently has an average rating of “Hold” and a consensus target price of $80.13.
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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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