Pratt Collard Advisory Partners LLC lessened its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,098 shares of the technology company’s stock after selling 675 shares during the period. Pratt Collard Advisory Partners LLC’s holdings in Woodward, Inc.Common Stock were worth $1,148,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Private Capital Group LLC lifted its stake in Woodward, Inc.Common Stock by 437.6% in the fourth quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock valued at $37,000 after purchasing an additional 407 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new position in Woodward, Inc.Common Stock in the fourth quarter valued at approximately $59,000. Quantamental Technologies LLC purchased a new position in Woodward, Inc.Common Stock in the fourth quarter valued at approximately $80,000. Advisory Services Network LLC lifted its stake in Woodward, Inc.Common Stock by 564.4% in the fourth quarter. Advisory Services Network LLC now owns 2,465 shares of the technology company’s stock valued at $183,000 after purchasing an additional 2,094 shares during the last quarter. Finally, Wealthquest Corp bought a new stake in Woodward, Inc.Common Stock during the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Barrington Research boosted their target price on shares of Woodward, Inc.Common Stock to $96.00 and gave the company an “outperform” rating in a report on Tuesday, January 29th. BidaskClub raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Saturday, January 12th. Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, February 5th. Finally, ValuEngine cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $99.40.
WWD stock traded up $0.55 during midday trading on Tuesday, reaching $96.17. 49,767 shares of the company’s stock traded hands, compared to its average volume of 309,446. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.96 and a quick ratio of 1.05. Woodward, Inc.Common Stock has a 52 week low of $68.40 and a 52 week high of $97.65. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.63 and a beta of 1.46.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Monday, January 28th. The technology company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.22. The firm had revenue of $652.80 million for the quarter, compared to analysts’ expectations of $583.12 million. Woodward, Inc.Common Stock had a net margin of 8.42% and a return on equity of 18.03%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Equities research analysts anticipate that Woodward, Inc.Common Stock will post 4.62 EPS for the current year.
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About Woodward, Inc.Common Stock
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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