Woodward, Inc. (WWD) Stake Decreased by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lessened its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,066 shares of the technology company’s stock after selling 961 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Woodward were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WWD. Advisor Group Inc. raised its holdings in Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after purchasing an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock worth $148,000 after purchasing an additional 190 shares in the last quarter. CAPROCK Group Inc. bought a new stake in Woodward during the third quarter worth approximately $222,000. Public Employees Retirement System of Ohio raised its holdings in Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after purchasing an additional 171 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in Woodward during the second quarter worth approximately $213,000. 70.68% of the stock is currently owned by institutional investors.
Several brokerages recently commented on WWD. SunTrust Banks, Inc. boosted their target price on Woodward to $77.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. BidaskClub cut Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Cowen and Company reissued a “hold” rating and set a $62.00 target price on shares of Woodward in a report on Thursday, November 9th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and issued a $82.00 price target on shares of Woodward in a report on Thursday, October 26th. Finally, Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Woodward currently has a consensus rating of “Hold” and a consensus target price of $75.75.
In other Woodward news, Director John A. Halbrook sold 8,700 shares of Woodward stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the transaction, the director now directly owns 350,521 shares in the company, valued at approximately $24,543,480.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John A. Halbrook sold 1,800 shares of Woodward stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $70.60, for a total transaction of $127,080.00. Following the transaction, the director now owns 345,721 shares in the company, valued at $24,407,902.60. The disclosure for this sale can be found here. Insiders own 5.93% of the company’s stock.
Woodward, Inc. (WWD) opened at $79.54 on Tuesday. The stock has a market capitalization of $4,857.50, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. Woodward, Inc. has a twelve month low of $64.12 and a twelve month high of $82.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28.
Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The company had revenue of $606.79 million for the quarter, compared to analysts’ expectations of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. equities research analysts forecast that Woodward, Inc. will post 3.4 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s payout ratio is 15.82%.
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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