Earnest Partners LLC grew its holdings in shares of Woodward Inc (NASDAQ:WWD) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,148 shares of the technology company’s stock after purchasing an additional 45,180 shares during the period. Earnest Partners LLC owned about 0.63% of Woodward worth $29,326,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of WWD. Public Employees Retirement System of Ohio increased its stake in 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 purchasing an additional 171 shares during the period. First Trust Advisors LP increased its stake in shares of Woodward by 5.5% during the third quarter. First Trust Advisors LP now owns 37,623 shares of the technology company’s stock worth $2,920,000 after buying an additional 1,946 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Woodward during the third quarter worth approximately $496,000. American Century Companies Inc. increased its stake in shares of Woodward by 3.3% during the third quarter. American Century Companies Inc. now owns 190,285 shares of the technology company’s stock worth $14,768,000 after buying an additional 6,111 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Woodward by 4.8% during the third quarter. Prudential Financial Inc. now owns 39,141 shares of the technology company’s stock worth $3,038,000 after buying an additional 1,780 shares during the period. Institutional investors own 74.44% of the company’s stock.
Woodward Inc (WWD) opened at $74.40 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 2.77 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4,565.41, a P/E ratio of 25.17, a P/E/G ratio of 1.83 and a beta of 1.27. Woodward Inc has a fifty-two week low of $65.22 and a fifty-two week high of $89.30.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.77%. This is an increase from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 16th. Woodward’s dividend payout ratio is 20.96%.
WWD has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Saturday, January 13th. BidaskClub upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Cowen restated a “hold” rating and set a $62.00 target price on shares of Woodward in a research note on Sunday, December 10th. ValuEngine lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Wood & Company restated a “hold” rating on shares of Woodward in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Woodward has a consensus rating of “Hold” and an average 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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