EAM Investors LLC Takes Position in Woodward, Inc. (WWD)

EAM Investors LLC bought a new stake in shares of Woodward, Inc. (NASDAQ:WWD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,870 shares of the technology company’s stock, valued at approximately $2,318,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WWD. State Street Corp raised its position in shares of Woodward by 1.2% in the 2nd quarter. State Street Corp now owns 1,767,393 shares of the technology company’s stock worth $119,435,000 after acquiring an additional 20,651 shares in the last quarter. Northern Trust Corp raised its position in shares of Woodward by 1.2% in the 2nd quarter. Northern Trust Corp now owns 1,093,582 shares of the technology company’s stock worth $73,904,000 after acquiring an additional 13,494 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Woodward by 5.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 996,816 shares of the technology company’s stock worth $67,364,000 after acquiring an additional 50,059 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Woodward by 6.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock worth $64,652,000 after acquiring an additional 50,208 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Woodward by 18.1% in the 2nd quarter. Voya Investment Management LLC now owns 777,981 shares of the technology company’s stock worth $52,575,000 after acquiring an additional 119,164 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

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Woodward, Inc. (WWD) traded down $0.59 during trading on Thursday, reaching $76.67. The company’s stock had a trading volume of 145,500 shares, compared to its average volume of 274,282. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4,731.28, a P/E ratio of 24.45, a PEG ratio of 1.89 and a beta of 1.24. Woodward, Inc. has a twelve month low of $65.22 and a twelve month high of $82.94.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $606.79 million for the quarter, compared to the consensus estimate of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. analysts expect that Woodward, Inc. will post 3.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be paid a $0.125 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.65%. Woodward’s payout ratio is 15.82%.

In other news, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $70.60, for a total value of $127,080.00. Following the sale, the director now owns 345,721 shares in the company, valued at $24,407,902.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the sale, the director now owns 27,904 shares in the company, valued at approximately $2,223,669.76. The disclosure for this sale can be found here. 5.93% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on the company. ValuEngine lowered Woodward from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks, Inc. upped their target price on Woodward to $77.00 and gave the company a “hold” rating in a research report on Thursday, November 9th. BidaskClub raised Woodward from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 29th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and set a $82.00 target price on shares of Woodward in a research report on Thursday, October 26th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $62.00 target price on shares of Woodward in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $77.71.

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.

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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