Earnest Partners LLC cut its position in Woodward, Inc. (NASDAQ:WWD) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,968 shares of the technology company’s stock after selling 8,089 shares during the period. Earnest Partners LLC owned about 0.55% of Woodward worth $26,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in WWD. Russell Investments Group Ltd. grew its stake in Woodward by 237.7% during the second quarter. Russell Investments Group Ltd. now owns 16,127 shares of the technology company’s stock valued at $1,090,000 after acquiring an additional 11,351 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Woodward by 2.2% during the second quarter. Great West Life Assurance Co. Can now owns 33,252 shares of the technology company’s stock valued at $2,245,000 after acquiring an additional 726 shares in the last quarter. World Asset Management Inc grew its stake in Woodward by 2.7% during the second quarter. World Asset Management Inc now owns 3,462 shares of the technology company’s stock valued at $234,000 after acquiring an additional 91 shares in the last quarter. Sei Investments Co. grew its stake in Woodward by 9.0% during the second quarter. Sei Investments Co. now owns 71,712 shares of the technology company’s stock valued at $4,846,000 after acquiring an additional 5,917 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Woodward by 5.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 409,150 shares of the technology company’s stock valued at $27,651,000 after acquiring an additional 21,242 shares in the last quarter. 72.19% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on WWD. ValuEngine cut shares of Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Cowen reaffirmed a “hold” rating and set a $62.00 target price on shares of Woodward in a research note on Thursday, November 9th. SunTrust Banks raised their target price on shares of Woodward to $77.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. BidaskClub cut shares of Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Woodward from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Woodward currently has an average rating of “Hold” and a consensus target price of $77.71.

Woodward, Inc. (NASDAQ:WWD) opened at $75.16 on Monday. Woodward, Inc. has a 12-month low of $65.22 and a 12-month high of $82.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39. The company has a market cap of $4,602.65, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.50 annualized dividend and a yield of 0.67%. Woodward’s dividend payout ratio (DPR) is currently 15.82%.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now owns 27,904 shares in the company, valued at $2,223,669.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.93% of the stock is owned by company insiders.

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Woodward 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.

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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