Gabelli Funds LLC Sells 1,000 Shares of Woodward, Inc.Common Stock (WWD)

Gabelli Funds LLC lessened its position in Woodward, Inc.Common Stock (NASDAQ:WWD) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 65,000 shares of the technology company’s stock after selling 1,000 shares during the quarter. Gabelli Funds LLC’s holdings in Woodward, Inc.Common Stock were worth $6,168,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Capital Group LLC boosted its holdings in shares of Woodward, Inc.Common Stock by 437.6% during the 4th quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock valued at $37,000 after purchasing an additional 407 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Woodward, Inc.Common Stock by 774.2% during the first quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock valued at $50,000 after purchasing an additional 480 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new position in shares of Woodward, Inc.Common Stock during the fourth quarter valued at approximately $59,000. Pearl River Capital LLC bought a new position in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $66,000. Finally, Quantamental Technologies LLC acquired a new stake in Woodward, Inc.Common Stock in the fourth quarter valued at approximately $80,000. 75.57% of the stock is currently owned by institutional investors and hedge funds.

In other Woodward, Inc.Common Stock news, VP Christopher Fawzy sold 8,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.58, for a total transaction of $868,640.00. Following the completion of the transaction, the vice president now directly owns 7,506 shares in the company, valued at approximately $815,001.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas A. Gendron sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $94.55, for a total transaction of $803,675.00. Following the transaction, the chief executive officer now owns 231,400 shares of the company’s stock, valued at $21,878,870. The disclosure for this sale can be found here. Insiders have sold a total of 231,010 shares of company stock valued at $22,473,160 over the last 90 days. 4.61% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the stock. Barrington Research raised their target price on shares of Woodward, Inc.Common Stock to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Friday, May 3rd. BidaskClub raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, February 5th. Finally, SunTrust Banks upped their price objective on shares of Woodward, Inc.Common Stock to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Woodward, Inc.Common Stock currently has an average rating of “Buy” and a consensus target price of $105.00.

Shares of WWD opened at $107.62 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.77 billion, a PE ratio of 27.95, a P/E/G ratio of 1.79 and a beta of 1.50. Woodward, Inc.Common Stock has a 52-week low of $68.40 and a 52-week high of $114.55.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its earnings results on Monday, April 29th. The technology company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.35. Woodward, Inc.Common Stock had a net margin of 9.21% and a return on equity of 19.75%. The firm had revenue of $758.84 million during the quarter, compared to the consensus estimate of $661.88 million. During the same period last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. On average, equities research analysts forecast that Woodward, Inc.Common Stock will post 4.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.1625 per share. The ex-dividend date is Friday, May 17th. This represents a $0.65 annualized dividend and a yield of 0.60%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is currently 16.88%.

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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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Institutional Ownership by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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