Zacks Investment Management Sells 862 Shares of Woodward, Inc.Common Stock (WWD)

Zacks Investment Management lessened its stake in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,095 shares of the technology company’s stock after selling 862 shares during the quarter. Zacks Investment Management owned approximately 0.10% of Woodward, Inc.Common Stock worth $4,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WWD. CAPROCK Group Inc. lifted its holdings in shares of Woodward, Inc.Common Stock by 6.3% in the fourth quarter. CAPROCK Group Inc. now owns 3,177 shares of the technology company’s stock valued at $236,000 after buying an additional 188 shares during the period. Whittier Trust Co. increased its holdings in Woodward, Inc.Common Stock by 4.4% during the 4th quarter. Whittier Trust Co. now owns 4,696 shares of the technology company’s stock valued at $349,000 after purchasing an additional 196 shares in the last quarter. Mastrapasqua Asset Management Inc. increased its holdings in Woodward, Inc.Common Stock by 1.5% during the 4th quarter. Mastrapasqua Asset Management Inc. now owns 17,385 shares of the technology company’s stock valued at $1,292,000 after purchasing an additional 250 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Woodward, Inc.Common Stock by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 72,093 shares of the technology company’s stock valued at $5,356,000 after purchasing an additional 340 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Woodward, Inc.Common Stock by 12.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,718 shares of the technology company’s stock valued at $276,000 after purchasing an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 74.00% of the company’s stock.

Shares of WWD traded down $0.53 during trading hours on Wednesday, hitting $95.65. The stock had a trading volume of 1,222 shares, compared to its average volume of 443,965. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.96 and a quick ratio of 1.05. The company has a market cap of $5.97 billion, a PE ratio of 24.91, a P/E/G ratio of 1.62 and a beta of 1.46. Woodward, Inc.Common Stock has a 1-year low of $68.40 and a 1-year high of $97.39.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, January 28th. The technology company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.22. Woodward, Inc.Common Stock had a return on equity of 18.03% and a net margin of 8.42%. The company had revenue of $652.80 million during the quarter, compared to the consensus estimate of $583.12 million. During the same period last year, the business posted $0.53 EPS. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts expect that Woodward, Inc.Common Stock will post 4.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 19th were paid a $0.1625 dividend. The ex-dividend date was Friday, February 15th. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.65 annualized dividend and a yield of 0.68%. Woodward, Inc.Common Stock’s payout ratio is currently 16.88%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Saturday, January 12th. Barrington Research set a $90.00 price objective on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research note on Tuesday, December 11th. ValuEngine raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. BidaskClub raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Finally, Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $89.67.

In other Woodward, Inc.Common Stock news, CEO Thomas A. Gendron sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief executive officer now directly owns 227,390 shares of the company’s stock, valued at $19,328,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas A. Gendron sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $90.03, for a total transaction of $765,255.00. Following the completion of the sale, the chief executive officer now directly owns 234,890 shares of the company’s stock, valued at $21,147,146.70. The disclosure for this sale can be found here. Insiders sold 278,310 shares of company stock valued at $25,887,325 over the last three months. 4.61% of the stock is currently owned by insiders.

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Woodward, Inc.Common Stock Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Institutional Ownership by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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