Woodward, Inc. (WWD) Position Raised by State Street Corp
State Street Corp boosted its position in Woodward, Inc. (NASDAQ:WWD) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,767,393 shares of the technology company’s stock after purchasing an additional 20,651 shares during the period. State Street Corp owned about 2.88% of Woodward worth $119,435,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of WWD. BlackRock Inc. lifted its stake in Woodward by 20,843.7% in the 1st quarter. BlackRock Inc. now owns 5,613,757 shares of the technology company’s stock valued at $381,285,000 after purchasing an additional 5,586,953 shares during the last quarter. Ardevora Asset Management LLP acquired a new stake in Woodward in the 2nd quarter valued at about $34,344,000. BT Investment Management Ltd acquired a new stake in Woodward in the 2nd quarter valued at about $33,271,000. Black Creek Investment Management Inc. lifted its stake in Woodward by 127.5% in the 2nd quarter. Black Creek Investment Management Inc. now owns 731,527 shares of the technology company’s stock valued at $49,437,000 after purchasing an additional 409,940 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Woodward by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 4,576,108 shares of the technology company’s stock valued at $310,809,000 after purchasing an additional 303,863 shares during the last quarter. Institutional investors and hedge funds own 71.23% of the company’s stock.
In other Woodward news, Director John A. Halbrook sold 1,800 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the transaction, the director now directly owns 345,721 shares in the company, valued at $24,407,902.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Halbrook sold 8,700 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the completion of the transaction, the director now owns 350,521 shares in the company, valued at $24,543,480.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,200 shares of company stock worth $1,138,389. Corporate insiders own 5.93% of the company’s stock.
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Several equities research analysts recently issued reports on WWD shares. BidaskClub upgraded shares of Woodward from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. CIBC started coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price for the company. Wood & Company reiterated a “buy” rating and issued a $80.00 target price on shares of Woodward in a research note on Tuesday, July 25th. Oppenheimer Holdings, Inc. started coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Woodward currently has an average rating of “Buy” and a consensus price target of $74.75.
Shares of Woodward, Inc. (NASDAQ WWD) opened at 81.36 on Monday. The firm’s 50-day moving average is $76.25 and its 200 day moving average is $70.44. Woodward, Inc. has a 12 month low of $57.09 and a 12 month high of $81.58. The firm has a market capitalization of $4.99 billion, a P/E ratio of 25.58 and a beta of 1.24.
Woodward (NASDAQ:WWD) last released its earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share. On average, equities research analysts anticipate that Woodward, Inc. will post $3.10 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, November 10th. Woodward’s payout ratio is 15.77%.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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