Great West Life Assurance Co. Can continued to hold its stake in Woodward Inc. (NASDAQ:WWD) during the third quarter, Holdings Channel reports. The firm owned 33,049 shares of the company’s stock at the end of the third quarter. Great West Life Assurance Co. Can owned 0.05% of Woodward worth $2,063,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in WWD. Hermes Investment Management Ltd. raised its position in Woodward by 9.6% in the third quarter. Hermes Investment Management Ltd. now owns 403,329 shares of the company’s stock worth $25,200,000 after buying an additional 35,407 shares during the period. Cooke & Bieler LP raised its position in Woodward by 0.4% in the third quarter. Cooke & Bieler LP now owns 600,186 shares of the company’s stock worth $37,500,000 after buying an additional 2,520 shares during the period. California Public Employees Retirement System raised its position in Woodward by 1.9% in the third quarter. California Public Employees Retirement System now owns 148,500 shares of the company’s stock worth $9,278,000 after buying an additional 2,700 shares during the period. Fox Run Management L.L.C. acquired a new position in Woodward during the third quarter worth $375,000. Finally, Eagle Asset Management Inc. raised its position in Woodward by 22.3% in the third quarter. Eagle Asset Management Inc. now owns 932,276 shares of the company’s stock worth $58,248,000 after buying an additional 170,027 shares during the period. 74.03% of the stock is owned by institutional investors and hedge funds.
Shares of Woodward Inc. (NASDAQ:WWD) traded up 0.03% during midday trading on Friday, reaching $67.98. The company’s stock had a trading volume of 191,581 shares. Woodward Inc. has a one year low of $41.24 and a one year high of $68.98. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 23.85 and a beta of 1.08. The stock’s 50 day moving average price is $61.56 and its 200 day moving average price is $59.66.
Woodward (NASDAQ:WWD) last released its earnings results on Monday, November 14th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. Woodward had a net margin of 8.93% and a return on equity of 16.47%. The business had revenue of $590.92 million for the quarter, compared to the consensus estimate of $571.55 million. During the same period in the previous year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts predict that Woodward Inc. will post $3.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.65%. Woodward’s dividend payout ratio is currently 15.44%.
A number of equities analysts have recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating and issued a $62.00 price objective (up previously from $59.00) on shares of Woodward in a research note on Friday, November 18th. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Tuesday, September 20th. Finally, Barrington Research assumed coverage on Woodward in a research note on Friday, September 16th. They issued a “market perform” rating for the company.
In related news, Director Larry E. Rittenberg sold 5,700 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $67.18, for a total transaction of $382,926.00. Following the transaction, the director now directly owns 36,302 shares of the company’s stock, valued at $2,438,768.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Weber, Jr. sold 17,308 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $66.79, for a total transaction of $1,156,001.32. Following the transaction, the chief financial officer now directly owns 45,553 shares in the company, valued at $3,042,484.87. The disclosure for this sale can be found here. Insiders own 6.18% of the company’s stock.
Woodward Company Profile
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets.