From MarketBeat:

Woodward, Inc. (NASDAQ:WWD) saw a significant increase in short interest in December, with 458,600 shares being short sold, a 20.9% increase from the previous month. Analysts have forecasted growth for the company, with an average target price of $136.11 and a “Moderate Buy” rating. The company’s stock opened at $136.13 and has a market cap of $8.18 billion.

In the recent quarter, Woodward reported earnings per share of $1.33 and revenue of $777.07 million, surpassing analyst estimates. The company also announced a quarterly dividend of $0.22 per share. Insiders, including Director John D. Cohn and insider Randall Hobbs, have been selling shares of the stock, as reported in recent transactions.

Several hedge funds have increased their stake in Woodward, including BlackRock Inc., Vanguard Group Inc., Morgan Stanley, State Street Corp, and Earnest Partners LLC, with institutional investors currently owning 79.63% of the company’s stock. Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide, operating in two segments: Aerospace and Industrial.



Read more: Short Interest in Woodward, Inc. (NASDAQ:WWD) Increases By 20.9%