Martingale Asset Management L P increased its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,904 shares of the technology company’s stock after buying an additional 504 shares during the period. Martingale Asset Management L P owned approximately 0.09% of Woodward worth $3,797,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Advisory Research Inc. acquired a new position in shares of Woodward during the fourth quarter valued at approximately $1,619,000. Brown Advisory Inc. increased its position in shares of Woodward by 7.7% in the fourth quarter. Brown Advisory Inc. now owns 659,242 shares of the technology company’s stock valued at $45,521,000 after buying an additional 47,054 shares during the period. Marshall Wace LLP acquired a new position in shares of Woodward during the fourth quarter valued at approximately $538,000. Trexquant Investment LP acquired a new position in shares of Woodward during the fourth quarter valued at approximately $2,037,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Woodward by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,211 shares of the technology company’s stock valued at $567,000 after buying an additional 27 shares during the period. Institutional investors own 71.03% of the company’s stock.

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

Shares of Woodward, Inc. (NASDAQ:WWD) traded up 0.79% on Friday, reaching $69.14. The company had a trading volume of 692,641 shares. Woodward, Inc. has a 52 week low of $53.18 and a 52 week high of $72.28. The firm has a market capitalization of $4.24 billion, a P/E ratio of 22.08 and a beta of 1.20. The company’s 50-day moving average price is $68.17 and its 200 day moving average price is $68.89.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Wednesday, April 19th. The technology company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The company had revenue of $500.40 million for the quarter, compared to analysts’ expectations of $498.56 million. Woodward had a net margin of 9.74% and a return on equity of 16.41%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. On average, analysts expect that Woodward, Inc. will post $3.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 22nd were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, May 18th. Woodward’s dividend payout ratio is presently 15.97%.

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WWD has been the topic of a number of recent research reports. Stephens assumed coverage on Woodward in a research report on Thursday, April 13th. They set an “overweight” rating and a $82.00 price target on the stock. Cowen and Company reaffirmed a “market perform” rating and set a $62.00 price objective (up previously from $58.00) on shares of Woodward in a research report on Friday, April 21st. Finally, Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $68.67.

In related news, Director Mary L. Petrovich bought 7,300 shares of the stock in a transaction on Thursday, April 27th. The shares were purchased at an average price of $68.35 per share, for a total transaction of $498,955.00. Following the acquisition, the director now owns 22,204 shares in the company, valued at $1,517,643.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 7,500 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $66.49, for a total value of $498,675.00. Following the sale, the chief financial officer now owns 34,053 shares in the company, valued at approximately $2,264,183.97. The disclosure for this sale can be found here. 5.93% of the stock is owned by corporate insiders.

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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