Great West Life Assurance Co. Can lowered its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,349 shares of the technology company’s stock after selling 903 shares during the quarter. Great West Life Assurance Co. Can owned about 0.05% of Woodward worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. boosted its position in Woodward by 9.8% during the second 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after purchasing an additional 190 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Woodward during the third quarter valued at about $203,000. CAPROCK Group Inc. bought a new stake in Woodward during the third quarter valued at about $222,000. Finally, Public Employees Retirement System of Ohio boosted its position 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 valued at $211,000 after purchasing an additional 171 shares in the last quarter. 72.19% of the stock is currently owned by institutional investors.

In other news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 27,904 shares in the company, valued at $2,223,669.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.93% of the company’s stock.

WWD has been the subject of several recent analyst reports. BidaskClub downgraded Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine downgraded Woodward from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Cowen reissued a “hold” rating and issued a $62.00 price target on shares of Woodward in a report on Thursday, November 9th. Finally, Oppenheimer reissued a “market perform” rating and issued a $82.00 price target on shares of Woodward in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Woodward currently has a consensus rating of “Hold” and an average target price of $77.71.

Shares of Woodward, Inc. (NASDAQ WWD) opened at $76.23 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4,688.18, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Woodward, Inc. has a twelve month low of $65.22 and a twelve month high of $82.94.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $606.79 million during the quarter, compared to analysts’ expectations of $596.99 million. During the same period last year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. sell-side analysts forecast that Woodward, Inc. will post 3.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, November 10th. Woodward’s payout ratio is 15.82%.

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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.

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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