Royce & Associates LP Sells 97,370 Shares of Woodward, Inc. (WWD)

Royce & Associates LP lowered its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,520,840 shares of the technology company’s stock after selling 97,370 shares during the quarter. Woodward comprises about 0.8% of Royce & Associates LP’s investment portfolio, making the stock its 10th biggest position. Royce & Associates LP owned approximately 2.48% of Woodward worth $118,032,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Eagle Asset Management Inc. grew its stake in Woodward by 5.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 996,816 shares of the technology company’s stock valued at $67,364,000 after buying an additional 50,059 shares during the last quarter. Koch Industries Inc. acquired a new stake in Woodward in the 2nd quarter worth $354,000. Nuance Investments LLC acquired a new stake in Woodward in the 2nd quarter worth $2,985,000. Marshall Wace North America L.P. acquired a new stake in Woodward in the 2nd quarter worth $5,861,000. Finally, Geneva Partners LLC acquired a new stake in Woodward in the 3rd quarter worth $841,000. Institutional investors and hedge funds own 72.19% of the company’s stock.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the transaction, the director now directly owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.93% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Woodward from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Wood & Company lowered shares of Woodward from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. BidaskClub upgraded shares of Woodward from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. SunTrust Banks lifted their target price on shares of Woodward to $77.00 and gave the company a “hold” rating in a research report on Thursday, November 9th. Finally, Oppenheimer reiterated a “market perform” rating and set a $82.00 target price on shares of Woodward in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Woodward currently has an average rating of “Hold” and an average price target of $77.71.

Woodward, Inc. (NASDAQ WWD) opened at $75.89 on Wednesday. Woodward, Inc. has a 1-year low of $65.22 and a 1-year high of $82.94. The stock has a market cap of $4,698.82, a PE ratio of 24.28, a P/E/G ratio of 1.88 and a beta of 1.23. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42.

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

The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, November 10th. Woodward’s dividend payout ratio is presently 15.82%.

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About Woodward

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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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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