First Trust Advisors LP Cuts Holdings in Woodward, Inc.Common Stock (NASDAQ:WWD)

First Trust Advisors LP lessened its stake in Woodward, Inc.Common Stock (NASDAQ:WWD) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,326 shares of the technology company’s stock after selling 10,010 shares during the period. First Trust Advisors LP’s holdings in Woodward, Inc.Common Stock were worth $12,001,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Usca Ria LLC bought a new stake in shares of Woodward, Inc.Common Stock in the 3rd quarter worth approximately $34,000. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Woodward, Inc.Common Stock by 0.6% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,047 shares of the technology company’s stock worth $1,730,000 after acquiring an additional 103 shares during the last quarter. Chilton Investment Co. LLC lifted its holdings in shares of Woodward, Inc.Common Stock by 15.0% in the 3rd quarter. Chilton Investment Co. LLC now owns 58,049 shares of the technology company’s stock worth $6,259,000 after acquiring an additional 7,569 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Woodward, Inc.Common Stock in the 3rd quarter worth approximately $784,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of Woodward, Inc.Common Stock by 41.3% in the 3rd quarter. GW&K Investment Management LLC now owns 92,442 shares of the technology company’s stock worth $9,968,000 after acquiring an additional 27,005 shares during the last quarter. 74.60% of the stock is owned by institutional investors and hedge funds.

NASDAQ:WWD opened at $117.92 on Friday. The company has a fifty day moving average of $120.08 and a 200 day moving average of $113.02. Woodward, Inc.Common Stock has a 52 week low of $90.51 and a 52 week high of $129.06. The company has a quick ratio of 1.02, a current ratio of 1.68 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.34 billion, a P/E ratio of 28.90, a P/E/G ratio of 1.67 and a beta of 1.28.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings results on Monday, February 3rd. The technology company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.07. Woodward, Inc.Common Stock had a net margin of 8.89% and a return on equity of 18.72%. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $672.12 million. During the same period in the prior year, the business posted $0.96 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that Woodward, Inc.Common Stock will post 5.48 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.28 per share. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.16. This represents a $1.12 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, February 14th. Woodward, Inc.Common Stock’s dividend payout ratio is currently 13.32%.

A number of equities research analysts have recently weighed in on WWD shares. BidaskClub lowered shares of Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a report on Friday, February 7th. ValuEngine upgraded shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a report on Wednesday. Barrington Research lowered shares of Woodward, Inc.Common Stock from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Credit Suisse Group lowered their price target on shares of Woodward, Inc.Common Stock from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, Jefferies Financial Group upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and upped their price target for the company from $108.00 to $135.00 in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.60.

In other Woodward, Inc.Common Stock news, CEO Thomas A. Gendron sold 1,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $112.50, for a total transaction of $112,500.00. Following the transaction, the chief executive officer now directly owns 227,390 shares of the company’s stock, valued at approximately $25,581,375. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas A. Gendron sold 3,500 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $118.80, for a total transaction of $415,800.00. Following the transaction, the chief executive officer now directly owns 3,500 shares in the company, valued at $415,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,480 shares of company stock worth $9,312,577. Insiders own 4.20% of the company’s stock.

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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