Woodward, Inc. (NASDAQ:WWD) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its holdings in shares of Woodward, Inc. (NASDAQ:WWD – Get Rating) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,691 shares of the technology company’s stock after selling 411 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Woodward were worth $1,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted 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 acquiring an additional 768,984 shares during the period. State Street Corp increased its position in Woodward by 41.1% during the 1st quarter. State Street Corp now owns 2,134,296 shares of the technology company’s stock worth $266,595,000 after purchasing an additional 621,559 shares in the last quarter. Eaton Vance Management boosted its stake in Woodward by 63.4% in the 1st quarter. Eaton Vance Management now owns 580,570 shares of the technology company’s stock worth $72,519,000 after buying an additional 225,198 shares during the last quarter. Rezny Wealth Management Inc. boosted its stake in Woodward by 2,300.0% in the 2nd quarter. Rezny Wealth Management Inc. now owns 168,912 shares of the technology company’s stock worth $16,049,000 after buying an additional 161,874 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Woodward in the 1st quarter worth about $19,986,000. 81.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WWD has been the subject of a number of research analyst reports. Barclays lowered their price target on Woodward from $110.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, November 21st. Wells Fargo & Company boosted their target price on Woodward from $100.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, November 18th. Truist Financial upped their price target on Woodward from $88.00 to $93.00 in a research note on Monday, January 9th. Wolfe Research downgraded Woodward from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, November 22nd. Finally, TheStreet upgraded Woodward from a “c” rating to a “b-” rating in a research note on Friday, December 2nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.57.

Woodward Stock Performance

WWD opened at $106.99 on Friday. The business’s 50-day moving average price is $97.90 and its two-hundred day moving average price is $94.52. Woodward, Inc. has a 1 year low of $79.26 and a 1 year high of $129.12. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 39.19, a P/E/G ratio of 2.32 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.43 and a quick ratio of 1.48.

Woodward (NASDAQ:WWD – Get 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. The business had revenue of $640.03 million for the quarter, compared to the consensus estimate of $626.12 million. Woodward had a return on equity of 8.60% and a net margin of 7.21%. Equities analysts expect that Woodward, Inc. will post 3.41 EPS for the current fiscal year.

Woodward Profile

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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.