Woodward, Inc.Common Stock (NASDAQ:WWD) Short Interest Update

Woodward, Inc.Common Stock (NASDAQ:WWD) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 495,200 shares, an increase of 9.6% from the June 30th total of 451,800 shares. Based on an average trading volume of 494,900 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are short sold.

A number of brokerages have commented on WWD. Barrington Research set a $110.00 price target on shares of Woodward, Inc.Common Stock and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Friday, May 3rd. Wood & Company reissued a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, May 7th. ValuEngine lowered shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, SunTrust Banks reissued a “hold” rating and issued a $110.00 price objective (down from $118.00) on shares of Woodward, Inc.Common Stock in a research report on Friday, June 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Woodward, Inc.Common Stock presently has a consensus rating of “Hold” and a consensus price target of $103.40.

In other Woodward, Inc.Common Stock news, Director Ronald M. Sega sold 6,700 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $112.00, for a total value of $750,400.00. Following the completion of the sale, the director now owns 18,975 shares in the company, valued at $2,125,200. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher Fawzy sold 8,500 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $113.50, for a total transaction of $964,750.00. Following the completion of the sale, the vice president now owns 12,006 shares of the company’s stock, valued at approximately $1,362,681. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,777 shares of company stock valued at $2,098,712. Corporate insiders own 4.61% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. bought a new position in Woodward, Inc.Common Stock during the second quarter worth about $243,000. Zacks Investment Management increased its position in Woodward, Inc.Common Stock by 26.5% during the second quarter. Zacks Investment Management now owns 100,086 shares of the technology company’s stock worth $11,326,000 after acquiring an additional 20,981 shares during the period. Nuveen Asset Management LLC bought a new position in Woodward, Inc.Common Stock during the second quarter worth about $51,503,000. Price T Rowe Associates Inc. MD increased its position in Woodward, Inc.Common Stock by 16.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 595,193 shares of the technology company’s stock worth $67,352,000 after acquiring an additional 82,765 shares during the period. Finally, Victory Capital Management Inc. increased its position in Woodward, Inc.Common Stock by 17.4% during the second quarter. Victory Capital Management Inc. now owns 670,305 shares of the technology company’s stock worth $75,852,000 after acquiring an additional 99,577 shares during the period. 75.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of WWD opened at $104.39 on Friday. The firm has a market capitalization of $6.52 billion, a PE ratio of 27.11, a PEG ratio of 1.69 and a beta of 1.34. The company’s 50-day moving average is $112.89 and its 200-day moving average is $104.48. Woodward, Inc.Common Stock has a fifty-two week low of $68.40 and a fifty-two week high of $119.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.02 and a quick ratio of 1.19.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.13. The company had revenue of $752.01 million for the quarter, compared to analyst estimates of $699.59 million. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The company’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Analysts predict that Woodward, Inc.Common Stock will post 4.91 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a dividend of $0.162 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, August 19th. Woodward, Inc.Common Stock’s dividend payout ratio is 16.88%.

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.

See Also: Cost of Goods Sold (COGS)

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