US Bancorp DE raised its holdings in Woodward Inc (NASDAQ:WWD) by 4.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,405 shares of the technology company’s stock after acquiring an additional 857 shares during the quarter. US Bancorp DE’s holdings in Woodward were worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Woodward by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock worth $64,652,000 after buying an additional 50,208 shares in the last quarter. Geneva Partners LLC bought a new position in shares of Woodward during the 3rd quarter worth $841,000. GW&K Investment Management LLC grew its position in shares of Woodward by 40.8% during the 4th quarter. GW&K Investment Management LLC now owns 83,529 shares of the technology company’s stock worth $6,393,000 after buying an additional 24,225 shares in the last quarter. Oakbrook Investments LLC bought a new position in shares of Woodward during the 4th quarter worth $310,000. Finally, King Luther Capital Management Corp bought a new position in shares of Woodward during the 3rd quarter worth $602,000. 71.29% of the stock is currently owned by institutional investors.
Shares of Woodward Inc (NASDAQ WWD) opened at $73.92 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.77. The firm has a market capitalization of $4,529.26, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.81 and a beta of 1.23. Woodward Inc has a 12 month low of $65.22 and a 12 month high of $89.30.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a $0.1425 dividend. The ex-dividend date is Friday, February 16th. This is a boost from Woodward’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a yield of 0.77%. Woodward’s dividend payout ratio (DPR) is 18.38%.
A number of equities analysts have recently issued reports on the company. Barrington Research reissued a “market perform” rating on shares of Woodward in a research report on Tuesday, February 6th. BidaskClub upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research cut Woodward from a “hold” rating to a “sell” rating in a research note on Sunday, January 21st. Cowen restated a “hold” rating and set a $62.00 price objective on shares of Woodward in a research note on Sunday, December 10th. Finally, Wood & Company cut Woodward from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Woodward presently has a consensus rating of “Hold” and an average price target 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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