Ladenburg Thalmann Financial Services Inc. Acquires 1,403 Shares of Woodward, Inc.Common Stock (WWD)

Ladenburg Thalmann Financial Services Inc. raised its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,082 shares of the technology company’s stock after acquiring an additional 1,403 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.06% of Woodward, Inc.Common Stock worth $2,657,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new stake in shares of Woodward, Inc.Common Stock in the 1st quarter valued at approximately $217,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Woodward, Inc.Common Stock in the 4th quarter valued at approximately $258,000. Zions Bancorporation purchased a new stake in shares of Woodward, Inc.Common Stock in the 1st quarter valued at approximately $262,000. Ramsey Quantitative Systems purchased a new stake in shares of Woodward, Inc.Common Stock in the 4th quarter valued at approximately $289,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Woodward, Inc.Common Stock in the 4th quarter valued at approximately $295,000. Institutional investors own 72.37% of the company’s stock.

Woodward, Inc.Common Stock opened at $77.75 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.92 and a quick ratio of 1.48. The company has a market cap of $4.84 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.81 and a beta of 1.24. Woodward, Inc.Common Stock has a fifty-two week low of $65.76 and a fifty-two week high of $89.30.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings data on Monday, April 23rd. The technology company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The firm had revenue of $548.25 million during the quarter, compared to analysts’ expectations of $526.84 million. Woodward, Inc.Common Stock had a net margin of 7.94% and a return on equity of 14.56%. The company’s revenue was up 9.6% compared to the same quarter last year. equities analysts forecast that Woodward, Inc.Common Stock will post 3.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Monday, May 21st were given a dividend of $0.142 per share. The ex-dividend date of this dividend was Friday, May 18th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.73%. Woodward, Inc.Common Stock’s payout ratio is currently 18.04%.

In related news, insider Matthew Freeman Taylor sold 4,000 shares of the stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $73.25, for a total transaction of $293,000.00. Following the completion of the transaction, the insider now owns 8,297 shares of the company’s stock, valued at approximately $607,755.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas A. Gendron sold 62,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $73.22, for a total transaction of $4,539,640.00. Following the completion of the transaction, the insider now directly owns 288,390 shares of the company’s stock, valued at approximately $21,115,915.80. The disclosure for this sale can be found here. Insiders have sold a total of 95,200 shares of company stock valued at $7,022,692 in the last ninety days. 6.17% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on WWD shares. Stephens set a $89.00 price target on shares of Woodward, Inc.Common Stock and gave the company a “buy” rating in a research note on Monday, March 19th. Barclays started coverage on shares of Woodward, Inc.Common Stock in a research note on Thursday, March 29th. They issued an “equal weight” rating and a $81.00 price target for the company. BidaskClub raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Friday, April 20th. Finally, Wood & Company reissued a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, April 24th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $79.44.

About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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Institutional Ownership by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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