Tdam USA Inc. decreased its holdings in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 30.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,798 shares of the technology company’s stock after selling 4,765 shares during the period. Tdam USA Inc.’s holdings in Woodward, Inc.Common Stock were worth $802,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of 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 buying an additional 407 shares in the last quarter. Quantamental Technologies LLC bought a new position in Woodward, Inc.Common Stock in the fourth quarter valued at approximately $80,000. HighPoint Advisor Group LLC bought a new position in Woodward, Inc.Common Stock in the third quarter valued at approximately $218,000. Wealthquest Corp bought a new position in Woodward, Inc.Common Stock in the fourth quarter valued at approximately $222,000. Finally, CAPROCK Group Inc. lifted its stake in 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 in the last quarter. Institutional investors own 73.87% of the company’s stock.
Get Woodward Inc.Common Stock alerts:A number of research analysts have weighed in on the stock. Barrington Research lifted their price target on shares of Woodward, Inc.Common Stock to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, January 29th. BidaskClub raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Zacks Investment Research reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Saturday, November 17th. Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday. Finally, Credit Suisse Group boosted their price objective on shares of Woodward, Inc.Common Stock from $81.00 to $83.00 and gave the stock a “neutral” rating in a research report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.57.
In related news, VP Christopher Fawzy sold 3,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $85.00, for a total transaction of $255,000.00. Following the transaction, the vice president now directly owns 6,506 shares in the company, valued at $553,010. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Thomas A. Gendron sold 1,000 shares of the business’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $80.42, for a total transaction of $80,420.00. Following the transaction, the chief executive officer now owns 227,390 shares in the company, valued at $18,286,703.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,225 shares of company stock worth $5,092,095. 4.61% of the stock is owned by corporate insiders.
Shares of WWD stock traded down $0.80 during trading on Thursday, reaching $88.94. The company’s stock had a trading volume of 2,157 shares, compared to its average volume of 408,814. The company has a quick ratio of 1.05, a current ratio of 1.96 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5.56 billion, a PE ratio of 23.12, a P/E/G ratio of 1.51 and a beta of 1.43. Woodward, Inc.Common Stock has a one year low of $68.40 and a one year high of $91.39.
Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, January 28th. The technology company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.22. The business had revenue of $652.80 million for the quarter, compared to the consensus estimate of $583.12 million. Woodward, Inc.Common Stock had a net margin of 8.42% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. On average, equities analysts predict that Woodward, Inc.Common Stock will post 4.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 19th will be issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.73%. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, February 15th. Woodward, Inc.Common Stock’s payout ratio is presently 14.81%.
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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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