Champlain Investment Partners LLC lessened its stake in Woodward Inc (NASDAQ:WWD) by 8.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 984,805 shares of the technology company’s stock after selling 91,445 shares during the period. Champlain Investment Partners LLC’s holdings in Woodward were worth $75,377,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Woodward by 1.6% in the 4th quarter. BlackRock Inc. now owns 5,590,344 shares of the technology company’s stock valued at $427,887,000 after purchasing an additional 89,964 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Woodward by 12.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,122,239 shares of the technology company’s stock valued at $88,623,000 after purchasing an additional 125,423 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Woodward by 6.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock valued at $64,652,000 after purchasing an additional 50,208 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Woodward by 4.2% in the 4th quarter. Brown Advisory Inc. now owns 821,733 shares of the technology company’s stock valued at $62,896,000 after purchasing an additional 32,835 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Woodward by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 617,067 shares of the technology company’s stock valued at $47,230,000 after purchasing an additional 8,555 shares in the last quarter. 71.29% of the stock is owned by institutional investors and hedge funds.
Shares of Woodward Inc (WWD) opened at $72.79 on Tuesday. Woodward Inc has a 52 week low of $65.22 and a 52 week high of $89.30. The company has a current ratio of 2.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $4,460.00, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.1425 per share. This is a positive change from Woodward’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, February 16th. Woodward’s payout ratio is 21.03%.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Saturday, January 13th. BidaskClub upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Cowen restated a “hold” rating and issued a $62.00 price target on shares of Woodward in a research note on Thursday, November 9th. Wood & Company restated a “hold” rating on shares of Woodward in a research note on Tuesday, January 23rd. Finally, ValuEngine lowered Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Woodward has a consensus rating of “Hold” and a consensus target price of $79.25.
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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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