Woodward, Inc. (WWD) Shares Bought by State Street Corp
State Street Corp increased its position in Woodward, Inc. (NASDAQ:WWD) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,746,742 shares of the technology company’s stock after buying an additional 72,443 shares during the period. State Street Corp owned 2.85% of Woodward worth $118,641,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Highbridge Capital Management LLC purchased a new stake in shares of Woodward during the fourth quarter worth approximately $224,000. Teachers Advisors LLC boosted its stake in shares of Woodward by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 93,966 shares of the technology company’s stock worth $6,488,000 after buying an additional 2,273 shares during the period. USA Financial Portformulas Corp purchased a new stake in shares of Woodward during the fourth quarter worth approximately $308,000. UBS Asset Management Americas Inc. raised its position in Woodward by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 215,960 shares of the technology company’s stock worth $14,911,000 after buying an additional 3,088 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Woodward during the fourth quarter worth $204,000. Institutional investors own 71.17% of the company’s stock.
Shares of Woodward, Inc. (NASDAQ:WWD) traded up 0.24% during mid-day trading on Friday, hitting $69.84. The company’s stock had a trading volume of 116,569 shares. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 21.96 and a beta of 1.21. The stock’s 50 day moving average price is $68.78 and its 200 day moving average price is $68.69. Woodward, Inc. has a 52-week low of $57.02 and a 52-week high of $72.97.
Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The firm had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. During the same period in the prior year, the firm earned $0.81 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Equities analysts forecast that Woodward, Inc. will post $3.10 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 0.72%. Woodward’s dividend payout ratio is presently 15.77%.
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A number of research analysts have recently weighed in on the company. Wood & Company restated a “buy” rating and issued a $80.00 target price on shares of Woodward in a report on Tuesday, July 25th. BidaskClub lowered Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. CIBC initiated coverage on Woodward in a report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target on the stock. Oppenheimer Holdings, Inc. initiated coverage on Woodward in a report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Cowen and Company reiterated a “market perform” rating and set a $62.00 price target (up from $58.00) on shares of Woodward in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Woodward currently has a consensus rating of “Hold” and an average price target of $73.89.
In other Woodward news, CFO Robert F. Weber, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total transaction of $498,675.00. Following the sale, the chief financial officer now directly owns 34,053 shares of the company’s stock, valued at $2,264,183.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.93% of the stock is owned by company 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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