Woodward, Inc.Common Stock (NASDAQ:WWD) Shares Sold by Northern Trust Corp
Northern Trust Corp trimmed its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,071,758 shares of the technology company’s stock after selling 32,516 shares during the period. Northern Trust Corp owned 1.73% of Woodward, Inc.Common Stock worth $121,280,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Motco acquired a new stake in Woodward, Inc.Common Stock in the 2nd quarter worth about $39,000. FNY Investment Advisers LLC acquired a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at about $80,000. Manchester Capital Management LLC acquired a new position in shares of Woodward, Inc.Common Stock in the 1st quarter valued at about $107,000. Veritable L.P. acquired a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at about $200,000. Finally, Magnus Financial Group LLC acquired a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at about $225,000. 74.27% of the stock is currently owned by hedge funds and other institutional investors.
WWD has been the topic of several research analyst reports. SunTrust Banks reaffirmed a “hold” rating and issued a $110.00 price objective (down from $118.00) on shares of Woodward, Inc.Common Stock in a research note on Friday, June 14th. Barrington Research set a $119.00 price objective on Woodward, Inc.Common Stock and gave the company a “buy” rating in a research note on Wednesday, September 4th. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research note on Monday, August 26th. BidaskClub lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, ValuEngine lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Woodward, Inc.Common Stock presently has a consensus rating of “Hold” and a consensus target price of $105.20.
Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its earnings results on Monday, August 5th. The technology company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.17 by $0.13. The business had revenue of $752.01 million for the quarter, compared to the consensus estimate of $699.59 million. Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The company’s revenue was up 27.9% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. Equities research analysts expect that Woodward, Inc.Common Stock will post 4.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $0.162 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.65 annualized dividend and a dividend yield of 0.60%. Woodward, Inc.Common Stock’s payout ratio is currently 16.88%.
In related news, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $106.45, for a total transaction of $1,064,500.00. Following the sale, the insider now directly owns 36,553 shares in the company, valued at approximately $3,891,066.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary L. Petrovich sold 3,577 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $107.23, for a total value of $383,561.71. Following the sale, the director now owns 6,015 shares in the company, valued at $644,988.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,577 shares of company stock worth $3,592,562. Company insiders own 4.61% of the company’s stock.
About Woodward, Inc.Common Stock
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.
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