2 weeks Ago By ABMN Staff
Woodward, Inc. ( NASDAQ:WWD – Get Free Report ) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 957,200 shares, a decline of 18.
2% from the August 31st total of 1,170,000 shares. Approximately 1.7% of the shares of the stock are sold short.
Based on an average trading volume of 470,000 shares, the short-interest ratio is presently 2.0 days. Hedge Funds Weigh In On Woodward Hedge funds and other institutional investors have recently modified their holdings of the business.
Fidelis Capital Partners LLC acquired a new stake in Woodward in the first quarter valued at approximately $31,000. Mather Group LLC. acquired a new stake in Woodward in the first quarter valued at approximately $34,000.
AlphaCentric Advisors LLC acquired a new stake in Woodward in the second quarter valued at approximately $37,000. Daiwa Securities Group Inc. acquired a new stake in Woodward in the first quarter valued at approximately $46,000.
Finally, Jones Financial Companies Lllp boosted its stake in Woodward by 4,177.8% in the fourth quarter. Jones Financial Companies Lllp now owns 385 shares of the technology company’s stock valued at $52,000 after acquiring an additional 376 shares in the last quarter.
81.18% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth WWD has been the topic of a number of research reports.
TD Cowen reduced their price target on shares of Woodward from $200.00 to $186.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th.
StockNews.com downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Monday, September 16th. The Goldman Sachs Group reduced their target price on shares of Woodward from $228.
00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Woodward from a “buy” rating to a “hold” rating and reduced their target price for the stock from $197.
00 to $158.00 in a report on Wednesday, July 31st. Finally, Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their target price for the stock from $170.
00 to $190.00 in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.11.
Woodward Price Performance Woodward stock opened at $170.51 on Friday. The stock has a market cap of $10.
38 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.77 and a beta of 1.
37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.
96 and a quick ratio of 1.29. Woodward has a 1 year low of $119.
03 and a 1 year high of $188.35. The firm has a 50-day moving average of $163.
65 and a two-hundred day moving average of $166.72. Woodward ( NASDAQ:WWD – Get Free Report ) last released its quarterly earnings data on Monday, July 29th.
The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.
11. Woodward had a net margin of 11.47% and a return on equity of 17.
16%. The firm had revenue of $847.69 million for the quarter, compared to the consensus estimate of $853.
29 million. During the same period last year, the firm earned $1.37 earnings per share.
The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Woodward will post 5.
91 earnings per share for the current year. Woodward Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.
25 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.
00 dividend on an annualized basis and a dividend yield of 0.59%. Woodward’s dividend payout ratio is presently 17.
48%. Woodward Company Profile ( Get Free Report ) Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial.
The Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft. Featured Stories Receive News & Ratings for Woodward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward and related companies with MarketBeat.com's FREE daily email newsletter .
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