Woodward, Inc.Common Stock (NASDAQ:WWD) Short Interest Update
Woodward, Inc.Common Stock (NASDAQ:WWD) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 703,700 shares, a decrease of 28.4% from the September 30th total of 983,200 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 257,300 shares, the days-to-cover ratio is presently 2.7 days.
A number of analysts have weighed in on WWD shares. Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, August 26th. BidaskClub downgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. ValuEngine downgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Barrington Research set a $119.00 price objective on shares of Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $106.75.
Shares of WWD stock opened at $113.92 on Friday. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. Woodward, Inc.Common Stock has a 52 week low of $68.40 and a 52 week high of $119.20. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $107.90 and a 200-day moving average of $109.74.
In other Woodward, Inc.Common Stock news, CFO Robert F. Weber, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $108.32, for a total transaction of $1,083,200.00. Following the completion of the sale, the chief financial officer now owns 36,553 shares of the company’s stock, valued at approximately $3,959,420.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.61% of the company’s stock.
Several hedge funds have recently made changes to their positions in WWD. FMR LLC grew its position in shares of Woodward, Inc.Common Stock by 114.4% during the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after buying an additional 288,545 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Woodward, Inc.Common Stock by 6.2% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,012 shares of the technology company’s stock worth $454,000 after purchasing an additional 235 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Woodward, Inc.Common Stock by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,587 shares of the technology company’s stock worth $2,556,000 after purchasing an additional 319 shares in the last quarter. Cullinan Associates Inc. bought a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter worth $226,000. Finally, Renaissance Investment Group LLC bought a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter worth $339,000. 74.14% of the stock is owned by institutional investors.
Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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