Investors Sell Shares of Woodward (WWD) on Strength (WWD)

Investors sold shares of Woodward Inc (NASDAQ:WWD) on strength during trading on Thursday. $118.58 million flowed into the stock on the tick-up and $129.01 million flowed out of the stock on the tick-down, for a money net flow of $10.43 million out of the stock. Of all companies tracked, Woodward had the 12th highest net out-flow for the day. Woodward traded up $5.76 for the day and closed at $82.93

Several research firms have recently issued reports on WWD. Barrington Research reaffirmed a “market perform” rating on shares of Woodward in a research report on Tuesday. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Wood & Company reaffirmed a “hold” rating on shares of Woodward in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Woodward from a “hold” rating to a “sell” rating in a research report on Sunday, January 21st. Finally, Cowen reiterated a “hold” rating and set a $62.00 price target on shares of Woodward in a research note on Sunday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $79.25.

The company has a quick ratio of 1.35, a current ratio of 2.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5,140.00, a P/E ratio of 30.96, a P/E/G ratio of 1.92 and a beta of 1.23.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $470.14 million for the quarter, compared to analyst estimates of $472.14 million. During the same quarter in the prior year, the business earned $0.73 earnings per share. Woodward’s revenue was up 6.2% compared to the same quarter last year. research analysts expect that Woodward Inc will post 3.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.1425 per share. This is a positive change from Woodward’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, February 16th. Woodward’s dividend payout ratio (DPR) is currently 18.45%.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction on Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the transaction, the director now directly owns 27,904 shares in the company, valued at $2,223,669.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WWD. Thrivent Financial For Lutherans increased its stake in Woodward by 7.5% in the second quarter. Thrivent Financial For Lutherans now owns 11,170 shares of the technology company’s stock valued at $755,000 after purchasing an additional 780 shares during the period. New York State Common Retirement Fund increased its stake in Woodward by 0.9% in the second quarter. New York State Common Retirement Fund now owns 87,901 shares of the technology company’s stock valued at $5,940,000 after purchasing an additional 799 shares during the period. Advisor Group Inc. increased its stake in Woodward by 9.8% in the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after purchasing an additional 147 shares during the period. Flinton Capital Management LLC increased its stake in Woodward by 57.1% in the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $328,000 after purchasing an additional 1,768 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Woodward by 165.7% in the second quarter. Macquarie Group Ltd. now owns 76,130 shares of the technology company’s stock valued at $5,145,000 after purchasing an additional 47,474 shares during the period. Institutional investors own 72.61% of the company’s stock.

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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.

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