Palisade Capital Managementnj Lowers stake in Woodward Inc (WWD)

Woodward Inc (WWD) : Palisade Capital Managementnj reduced its stake in Woodward Inc by 0.24% during the most recent quarter end. The investment management company now holds a total of 389,648 shares of Woodward Inc which is valued at $22,650,238 after selling 936 shares in Woodward Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Woodward Inc makes up approximately 0.96% of Palisade Capital Managementnj’s portfolio.

Other Hedge Funds, Including , Garrison Bradford Associates Inc reduced its stake in WWD by selling 400 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 54,153 shares of WWD which is valued at $3,147,914. Woodward Inc makes up approx 2.97% of Garrison Bradford Associates Inc’s portfolio. Lmr Partners Llp added WWD to its portfolio by purchasing 8,403 company shares during the most recent quarter which is valued at $491,912. Woodward Inc makes up approx 0.07% of Lmr Partners Llp’s portfolio.American Century Companies Inc boosted its stake in WWD in the latest quarter, The investment management firm added 632 additional shares and now holds a total of 85,056 shares of Woodward Inc which is valued at $4,977,477. Woodward Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.

Woodward Inc opened for trading at $58.99 and hit $59.45 on the upside on Monday, eventually ending the session at $59.21, with a gain of 0.48% or 0.28 points. The heightened volatility saw the trading volume jump to 2,23,633 shares. Company has a market cap of $3,640 M.

On the company’s financial health, Woodward Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.76. The company had revenue of $508.00 million for the quarter, compared to analysts expectations of $520.18 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Investors should note that on Jul 25, 2016, Woodward Inc announced a cash dividend of $0.1100. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Aug 29, 2016.

Many Wall Street Analysts have commented on Woodward Inc. Company shares were Reiterated by Maxim Group on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .

Woodward Inc. is a designer manufacturer and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States Europe and Asia and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Company focuses primarily on original equipment manufacturers (OEMs) and equipment packagers partnering with them to bring component and system solutions to their demanding applications. The Company operates in two segments: Aerospace and Energy. The Company also provides aftermarket repair replacement and other service support for its installed products.

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