Woodward, Inc. (NASDAQ:WWD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Woodward, Inc. (NASDAQ:WWDGet Rating) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,135 shares of the technology company’s stock after selling 803 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Woodward were worth $1,776,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Woodward by 11.5% in the first quarter. American Century Companies Inc. now owns 6,324 shares of the technology company’s stock valued at $790,000 after purchasing an additional 653 shares during the period. BlackRock Inc. increased its holdings in shares of Woodward by 15.4% in the first quarter. BlackRock Inc. now owns 5,749,193 shares of the technology company’s stock valued at $718,131,000 after purchasing an additional 768,984 shares during the period. APG Asset Management N.V. acquired a new position in shares of Woodward in the first quarter valued at approximately $516,000. Great West Life Assurance Co. Can raised its position in Woodward by 7.9% during the first quarter. Great West Life Assurance Co. Can now owns 34,401 shares of the technology company’s stock worth $4,411,000 after acquiring an additional 2,520 shares during the last quarter. Finally, Sei Investments Co. raised its position in Woodward by 7.5% during the first quarter. Sei Investments Co. now owns 224,853 shares of the technology company’s stock worth $28,088,000 after acquiring an additional 15,738 shares during the last quarter. Institutional investors and hedge funds own 81.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays cut their target price on shares of Woodward from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, November 21st. TheStreet upgraded shares of Woodward from a “c” rating to a “b-” rating in a report on Friday, December 2nd. Wolfe Research downgraded shares of Woodward from an “outperform” rating to a “peer perform” rating in a report on Tuesday, November 22nd. StockNews.com downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th. Finally, Wells Fargo & Company lifted their price target on shares of Woodward from $100.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, November 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $106.57.

Woodward Price Performance

Woodward stock opened at $104.68 on Friday. Woodward, Inc. has a 1 year low of $79.26 and a 1 year high of $129.12. The firm has a 50 day moving average price of $97.77 and a 200 day moving average price of $94.41. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.48 and a current ratio of 2.43.

Woodward (NASDAQ:WWDGet Rating) last released its earnings results on Thursday, November 17th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Woodward had a net margin of 7.21% and a return on equity of 8.60%. The firm had revenue of $640.03 million during the quarter, compared to the consensus estimate of $626.12 million. Sell-side analysts predict that Woodward, Inc. will post 3.41 earnings per share for the current year.

Woodward Profile

(Get Rating)

Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.

Read More

Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc. (NASDAQ:WWDGet Rating).

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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.