Macquarie Group Ltd. decreased its holdings in Woodward Inc (NASDAQ:WWD) by 13.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 65,647 shares of the technology company’s stock after selling 10,468 shares during the quarter. Macquarie Group Ltd.’s holdings in Woodward were worth $5,025,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of WWD. Millennium Management LLC raised its stake in Woodward by 2,900.7% in the fourth quarter. Millennium Management LLC now owns 607,709 shares of the technology company’s stock worth $46,514,000 after buying an additional 587,457 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new position in Woodward in the fourth quarter worth $38,817,000. Deutsche Bank AG grew its holdings in Woodward by 180.4% in the fourth quarter. Deutsche Bank AG now owns 348,248 shares of the technology company’s stock worth $26,652,000 after purchasing an additional 224,036 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Woodward by 487.1% in the fourth quarter. Renaissance Technologies LLC now owns 255,884 shares of the technology company’s stock worth $19,585,000 after purchasing an additional 212,300 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Woodward in the fourth quarter worth $14,286,000. 74.47% of the stock is owned by institutional investors.
WWD has been the topic of several analyst reports. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research raised shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Saturday, January 13th. Wood & Company reaffirmed a “hold” rating on shares of Woodward in a report on Tuesday, January 23rd. Barclays initiated coverage on shares of Woodward in a report on Thursday. They issued an “equal weight” rating and a $81.00 price target on the stock. Finally, Cowen reaffirmed a “hold” rating and issued a $62.00 price target on shares of Woodward in a report on Sunday, December 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $80.22.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, January 22nd. The technology company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). The company had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. Woodward had a net margin of 8.10% and a return on equity of 14.04%. Woodward’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. sell-side analysts anticipate that Woodward Inc will post 3.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.1425 per share. The ex-dividend date was Friday, February 16th. This is a positive change from Woodward’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.80%. Woodward’s payout ratio is 18.04%.
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Woodward Company Profile
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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