SG Americas Securities LLC cut its position in Woodward, Inc. (NASDAQ:WWD) by 88.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,801 shares of the technology company’s stock after selling 13,588 shares during the period. SG Americas Securities LLC’s holdings in Woodward were worth $140,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC grew its stake in shares of Woodward by 0.4% in the 2nd quarter. Jennison Associates LLC now owns 9,009 shares of the technology company’s stock valued at $609,000 after buying an additional 34 shares during the period. Advisor Group Inc. grew its stake in shares of Woodward by 9.8% in the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after buying an additional 147 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Woodward by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after buying an additional 171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Woodward by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after buying an additional 190 shares during the period. Finally, Amalgamated Bank grew its stake in shares of Woodward by 5.1% in the 2nd quarter. Amalgamated Bank now owns 7,684 shares of the technology company’s stock valued at $519,000 after buying an additional 373 shares during the period. Institutional investors own 72.12% of the company’s stock.
In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now owns 27,904 shares in the company, valued at approximately $2,223,669.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.17% of the stock is currently owned by insiders.
Woodward (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $606.79 million during 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. equities research analysts expect that Woodward, Inc. will post 3.4 earnings per share for the current fiscal year.
Several analysts have recently commented on WWD shares. BidaskClub downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Cowen reiterated a “hold” rating and set a $62.00 price target on shares of Woodward in a research note on Thursday, November 9th. Finally, Oppenheimer reiterated a “market perform” rating and set a $82.00 price target on shares of Woodward in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Woodward presently has an average rating of “Hold” and a consensus price target of $77.71.
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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