Earnest Partners LLC boosted its holdings in Woodward Inc (NASDAQ:WWD) by 13.4% in the fourth quarter, HoldingsChannel reports. The firm owned 383,148 shares of the technology company’s stock after buying an additional 45,180 shares during the quarter. Earnest Partners LLC’s holdings in Woodward were worth $29,326,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. McCollum Christoferson Group LLC acquired a new stake in shares of Woodward in the fourth quarter valued at approximately $214,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Woodward by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after acquiring an additional 171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Woodward by 49.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock valued at $251,000 after acquiring an additional 1,092 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Woodward in the fourth quarter valued at approximately $258,000. Finally, Kovack Advisors Inc. acquired a new stake in shares of Woodward in the fourth quarter valued at approximately $260,000. 74.44% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on WWD shares. ValuEngine cut Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Cowen restated a “hold” rating and set a $62.00 price target on shares of Woodward in a research note on Sunday, December 10th. BidaskClub upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. 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. Finally, Wood & Company restated a “hold” rating on shares of Woodward in a research note on Tuesday, January 23rd. 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 company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.25.
Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.11). The business had revenue of $470.14 million during the quarter, compared to analysts’ expectations of $472.14 million. Woodward had a return on equity of 14.04% and a net margin of 8.10%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. research analysts forecast that Woodward Inc will post 3.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were given a $0.1425 dividend. This is a boost from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 16th. This represents a $0.57 annualized dividend and a yield of 0.77%. Woodward’s dividend payout ratio is presently 20.96%.
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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