American Century Companies Inc. lowered its stake in shares of Woodward Inc (NASDAQ:WWD) by 27.1% during the 4th quarter, HoldingsChannel reports. The fund owned 138,637 shares of the technology company’s stock after selling 51,648 shares during the quarter. American Century Companies Inc.’s holdings in Woodward were worth $10,611,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of WWD. Advisor Group Inc. increased its holdings in Woodward by 9.8% in the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after buying an additional 147 shares during the period. Wesbanco Bank Inc. acquired a new position in Woodward in the 3rd quarter worth approximately $203,000. McCollum Christoferson Group LLC acquired a new position in Woodward in the 4th quarter worth approximately $214,000. CAPROCK Group Inc. acquired a new position in Woodward in the 3rd quarter worth approximately $222,000. Finally, Public Employees Retirement System of Ohio increased its holdings in 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 worth $211,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.
WWD has been the topic of several research reports. Zacks Investment Research downgraded shares of Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. ValuEngine downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Wood & Company downgraded shares of Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. BidaskClub downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Cowen reiterated a “hold” rating and issued a $62.00 price target on shares of Woodward in a report on Sunday, December 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Woodward has an average rating of “Hold” and a consensus price target of $79.25.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, January 22nd. The technology company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). The firm had revenue of $470.14 million for the quarter, compared to analyst estimates of $472.14 million. Woodward had a return on equity of 14.04% and a net margin of 8.10%. Woodward’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. research analysts forecast that Woodward Inc will post 3.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.1425 per share. This is a boost from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.77%. Woodward’s dividend payout ratio (DPR) is presently 18.38%.
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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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