McCollum Christoferson Group LLC reduced its position in Woodward, Inc.Common Stock (NASDAQ:WWD) by 17.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,300 shares of the technology company’s stock after selling 500 shares during the quarter. McCollum Christoferson Group LLC’s holdings in Woodward, Inc.Common Stock were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Woodward, Inc.Common Stock by 1.7% during the fourth quarter. BlackRock Inc. now owns 6,212,185 shares of the technology company’s stock worth $461,504,000 after purchasing an additional 104,798 shares during the period. Vanguard Group Inc. increased its stake in shares of Woodward, Inc.Common Stock by 1.9% during the third quarter. Vanguard Group Inc. now owns 4,965,656 shares of the technology company’s stock worth $401,523,000 after buying an additional 93,193 shares during the period. Vanguard Group Inc boosted its holdings in shares of Woodward, Inc.Common Stock by 1.9% in the third quarter. Vanguard Group Inc now owns 4,965,656 shares of the technology company’s stock valued at $401,523,000 after acquiring an additional 93,193 shares during the period. Geode Capital Management LLC increased its position in shares of Woodward, Inc.Common Stock by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 676,342 shares of the technology company’s stock valued at $50,245,000 after buying an additional 53,220 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Woodward, Inc.Common Stock by 6.6% during the 4th quarter. Bank of America Corp DE now owns 646,294 shares of the technology company’s stock valued at $48,013,000 after buying an additional 40,245 shares during the period. Institutional investors own 75.08% of the company’s stock.

Shares of WWD traded up $0.14 on Thursday, reaching $95.38. The company’s stock had a trading volume of 354,092 shares, compared to its average volume of 391,046. 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 twelve month low of $68.40 and a twelve month high of $97.65. The firm has a market capitalization of $5.87 billion, a PE ratio of 24.77, a P/E/G ratio of 1.59 and a beta of 1.46.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly 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 during the quarter, compared to analyst estimates of $583.12 million. Woodward, Inc.Common Stock had a net margin of 8.42% and a return on equity of 18.03%. The company’s revenue was up 38.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, analysts expect that Woodward, Inc.Common Stock will post 4.62 EPS for the current year.

Several brokerages have recently issued reports on WWD. BidaskClub upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Barrington Research reiterated an “outperform” rating and set a $110.00 price target (up from $96.00) on shares of Woodward, Inc.Common Stock in a research note on Tuesday, April 2nd. Zacks Investment Research downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. ValuEngine raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Wood & Company restated a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $99.40.

In related news, insider Thomas A. Gendron sold 25,500 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $90.95, for a total value of $2,319,225.00. Following the sale, the insider now owns 234,890 shares of the company’s stock, valued at $21,363,245.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas A. Gendron sold 1,000 shares of the company’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the sale, the chief executive officer now directly owns 227,390 shares in the company, valued at approximately $19,328,150. 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. Corporate insiders own 4.61% of the company’s stock.

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Woodward, Inc.Common Stock 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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