Cooke & Bieler LP Has $34,449,000 Stake in Woodward Inc. (WWD)
Cooke & Bieler LP increased its position in Woodward Inc. (NASDAQ:WWD) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 597,666 shares of the company’s stock after buying an additional 7,160 shares during the period. Cooke & Bieler LP owned approximately 0.97% of Woodward worth $34,449,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in WWD. Geode Capital Management LLC raised its position in shares of Woodward by 2.9% in the first quarter. Geode Capital Management LLC now owns 394,102 shares of the company’s stock worth $20,501,000 after buying an additional 11,282 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Woodward by 16.6% in the first quarter. Prudential Financial Inc. now owns 43,939 shares of the company’s stock worth $2,286,000 after buying an additional 6,258 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Woodward during the second quarter worth about $237,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Woodward by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,631 shares of the company’s stock worth $1,021,000 after buying an additional 98 shares during the last quarter. Finally, Mariner Wealth Advisors LLC acquired a new position in shares of Woodward during the first quarter worth about $201,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Shares of Woodward Inc. (NASDAQ:WWD) traded down 0.10% on Tuesday, reaching $59.48. The company had a trading volume of 99,797 shares. The company’s 50-day moving average is $61.22 and its 200 day moving average is $57.95. The firm has a market capitalization of $3.66 billion, a PE ratio of 22.67 and a beta of 1.25. Woodward Inc. has a 12 month low of $41.24 and a 12 month high of $63.98.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. The business had revenue of $508 million for the quarter, compared to analyst estimates of $521.70 million. Woodward had a return on equity of 15.53% and a net margin of 8.40%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. Equities analysts forecast that Woodward Inc. will post $2.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, November 9th. Woodward’s dividend payout ratio is 16.73%.
WWD has been the topic of several research reports. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, September 20th. Maxim Group upped their price target on Woodward from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 15th. Jefferies Group set a $59.00 price target on Woodward and gave the company a “hold” rating in a research report on Wednesday, July 20th. Finally, Barrington Research initiated coverage on Woodward in a research report on Friday, September 16th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $60.25.
In other news, VP Christopher Fawzy sold 6,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $59.30, for a total transaction of $355,800.00. Following the transaction, the vice president now owns 9,506 shares of the company’s stock, valued at approximately $563,705.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary L. Petrovich sold 8,200 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $58.54, for a total value of $480,028.00. The disclosure for this sale can be found here. Insiders own 6.18% of the company’s stock.
Woodward Company Profile
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.
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