Deutsche Bank AG raised its position in shares of Woodward Inc (NASDAQ:WWD) by 180.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,248 shares of the technology company’s stock after acquiring an additional 224,036 shares during the period. Deutsche Bank AG owned approximately 0.57% of Woodward worth $26,652,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in WWD. First Trust Advisors LP raised its position in shares of Woodward by 5.5% during the third quarter. First Trust Advisors LP now owns 37,623 shares of the technology company’s stock valued at $2,920,000 after buying an additional 1,946 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Woodward by 4.8% during the third quarter. Prudential Financial Inc. now owns 39,141 shares of the technology company’s stock worth $3,038,000 after buying an additional 1,780 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Woodward by 0.4% during the third quarter. Principal Financial Group Inc. now owns 233,814 shares of the technology company’s stock worth $18,147,000 after buying an additional 983 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Woodward by 56.0% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,909 shares of the technology company’s stock worth $4,106,000 after buying an additional 19,000 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Woodward by 12.7% during the third quarter. Rhumbline Advisers now owns 140,277 shares of the technology company’s stock worth $10,887,000 after buying an additional 15,807 shares in the last quarter. 74.47% of the stock is owned by institutional investors and hedge funds.
WWD has been the topic of several research analyst reports. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Zacks Investment Research raised shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Saturday, January 13th. Wood & Company reiterated a “hold” rating on shares of Woodward in a report on Tuesday, January 23rd. Barclays assumed coverage on shares of Woodward in a report on Thursday, March 29th. They set an “equal weight” rating and a $81.00 price objective on the stock. Finally, Stephens set a $89.00 price objective on shares of Woodward and gave the stock a “buy” rating in a report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.22.
NASDAQ WWD traded up $0.21 during trading on Thursday, reaching $74.35. The company’s stock had a trading volume of 325,789 shares, compared to its average volume of 637,683. The company has a market capitalization of $4,618.72, a P/E ratio of 25.47, a P/E/G ratio of 1.73 and a beta of 1.23. Woodward Inc has a 12 month low of $65.22 and a 12 month high of $89.30. The company has a quick ratio of 1.35, a current ratio of 2.77 and a debt-to-equity ratio of 0.42.
Woodward (NASDAQ:WWD) last posted its earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.11). Woodward had a return on equity of 14.04% and a net margin of 8.10%. The business had revenue of $470.14 million for the quarter, compared to the consensus estimate of $472.14 million. During the same period in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. equities analysts expect that Woodward Inc will post 3.63 EPS for the current year.
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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.
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