Ameriprise Financial Inc. Has $14.34 Million Stake in Woodward, Inc. (WWD)

Ameriprise Financial Inc. increased its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 11.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 184,778 shares of the technology company’s stock after acquiring an additional 19,300 shares during the period. Ameriprise Financial Inc. owned 0.30% of Woodward worth $14,340,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. increased its holdings in shares of Woodward by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,046 shares of the technology company’s stock valued at $476,000 after acquiring an additional 18 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Woodward by 0.4% during the 2nd quarter. Jennison Associates LLC now owns 9,009 shares of the technology company’s stock valued at $609,000 after acquiring an additional 34 shares during the last quarter. World Asset Management Inc boosted its stake in Woodward by 2.7% during the 2nd quarter. World Asset Management Inc now owns 3,462 shares of the technology company’s stock valued at $234,000 after purchasing an additional 91 shares during the period. Advisor Group Inc. boosted its stake in Woodward by 9.8% during the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after purchasing an additional 147 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in Woodward by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after purchasing an additional 171 shares during the period. 72.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Woodward, Inc. (NASDAQ:WWD) opened at $77.01 on Friday. Woodward, Inc. has a 52 week low of $65.22 and a 52 week high of $82.94. The firm has a market capitalization of $4,770.00, a P/E ratio of 24.22, a P/E/G ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The company had revenue of $606.79 million during the quarter, compared to the consensus estimate of $596.99 million. During the same quarter last year, the company earned $0.99 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. equities analysts forecast that Woodward, Inc. will post 3.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.65%. Woodward’s dividend payout ratio is currently 15.82%.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the sale, the director now owns 27,904 shares in the company, valued at approximately $2,223,669.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.93% of the stock is currently owned by company insiders.

Several analysts recently weighed in on the company. Cowen restated a “hold” rating and set a $62.00 target price on shares of Woodward in a research note on Sunday, December 10th. BidaskClub upgraded Woodward from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 29th. Oppenheimer restated a “market perform” rating and set a $82.00 target price on shares of Woodward in a research note on Thursday, October 26th. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, SunTrust Banks increased their target price on Woodward to $77.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Woodward has an average rating of “Hold” and a consensus target price of $77.71.

ILLEGAL ACTIVITY NOTICE: “Ameriprise Financial Inc. Has $14.34 Million Stake in Woodward, Inc. (WWD)” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://stocknewstimes.com/2017/12/16/ameriprise-financial-inc-has-14-34-million-stake-in-woodward-inc-wwd.html.

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.

Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc. (NASDAQ:WWD).

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

Receive News & Ratings for Woodward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply