Adalta Capital Management LLC decreased its holdings in shares of Woodward Inc (NASDAQ:WWD) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 73,175 shares of the technology company’s stock after selling 1,485 shares during the period. Woodward makes up approximately 4.3% of Adalta Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Adalta Capital Management LLC owned 0.12% of Woodward worth $5,601,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of WWD. Public Employees Retirement System of Ohio grew its stake in shares of Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after acquiring an additional 171 shares during the last quarter. McCollum Christoferson Group LLC acquired a new stake in shares of Woodward during the fourth quarter worth about $214,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Woodward by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock worth $251,000 after purchasing an additional 1,092 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Woodward during the fourth quarter worth about $258,000. Finally, Kovack Advisors Inc. acquired a new stake in shares of Woodward during the fourth quarter worth about $260,000. Institutional investors and hedge funds own 74.44% of the company’s stock.
WWD has been the subject of a number of research reports. ValuEngine downgraded Woodward from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Cowen reaffirmed a “hold” rating and set a $62.00 target price on shares of Woodward in a report on Sunday, December 10th. BidaskClub raised Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Saturday, January 13th. Finally, Wood & Company reaffirmed a “hold” rating on shares of Woodward in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $79.25.
Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.11). Woodward had a net margin of 8.10% and a return on equity of 14.04%. The company had revenue of $470.14 million during the quarter, compared to analyst estimates of $472.14 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. equities research analysts predict that Woodward Inc will post 3.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were issued a $0.1425 dividend. The ex-dividend date was Friday, February 16th. This is an increase from Woodward’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a yield of 0.76%. Woodward’s payout ratio is presently 19.39%.
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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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