Victory Capital Management Inc. trimmed its stake in Woodward, Inc. (NASDAQ:WWD) by 12.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 537,912 shares of the technology company’s stock after selling 79,155 shares during the quarter. Victory Capital Management Inc. owned 0.87% of Woodward worth $38,547,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in WWD. Millennium Management LLC lifted its holdings in shares of Woodward by 2,900.7% during the fourth quarter. Millennium Management LLC now owns 607,709 shares of the technology company’s stock valued at $46,514,000 after purchasing an additional 587,457 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Woodward during the fourth quarter valued at $38,817,000. Deutsche Bank AG lifted its holdings in shares of Woodward by 180.4% during the fourth quarter. Deutsche Bank AG now owns 348,248 shares of the technology company’s stock valued at $26,652,000 after purchasing an additional 224,036 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Woodward by 487.1% during the fourth quarter. Renaissance Technologies LLC now owns 255,884 shares of the technology company’s stock valued at $19,585,000 after purchasing an additional 212,300 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Woodward during the fourth quarter valued at $14,286,000. 73.68% of the stock is currently owned by institutional investors and hedge funds.
Woodward opened at $73.51 on Tuesday, Marketbeat Ratings reports. The firm has a market cap of $4.55 billion, a P/E ratio of 23.26, a PEG ratio of 1.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.92 and a quick ratio of 1.48. Woodward, Inc. has a one year low of $73.41 and a one year high of $74.08.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, April 23rd. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $548.25 million during the quarter, compared to analysts’ expectations of $526.84 million. Woodward had a return on equity of 14.56% and a net margin of 7.94%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. research analysts anticipate that Woodward, Inc. will post 3.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Monday, May 21st will be given a dividend of $0.142 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, May 18th. Woodward’s dividend payout ratio (DPR) is presently 18.04%.
A number of research analysts have recently issued reports on WWD shares. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a report on Sunday, January 21st. Wood & Company reaffirmed a “hold” rating on shares of Woodward in a report on Tuesday, January 23rd. Barrington Research started coverage on Woodward in a report on Tuesday, January 23rd. They set a “market perform” rating on the stock. BidaskClub downgraded Woodward from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Finally, Stephens set a $89.00 price target on Woodward and gave the company a “buy” rating in a report on Monday, March 19th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $79.40.
In related news, insider Matthew Freeman Taylor sold 4,000 shares of the company’s stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $73.25, for a total transaction of $293,000.00. Following the completion of the sale, the insider now owns 8,297 shares in the company, valued at $607,755.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas A. Gendron sold 62,000 shares of the company’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $73.22, for a total value of $4,539,640.00. Following the sale, the insider now owns 288,390 shares of the company’s stock, valued at approximately $21,115,915.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,800 shares of company stock valued at $5,619,104. 6.17% of the stock is owned by company insiders.
Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.
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