Woodward, Inc. (WWD) Holdings Reduced by American Century Companies Inc.
American Century Companies Inc. decreased its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 26.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,174 shares of the technology company’s stock after selling 65,017 shares during the period. American Century Companies Inc. owned 0.30% of Woodward worth $12,446,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geneva Advisors LLC raised its position in Woodward by 3.3% during the 2nd quarter. Geneva Advisors LLC now owns 11,516 shares of the technology company’s stock valued at $778,000 after purchasing an additional 373 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Woodward by 2.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 36,534 shares of the technology company’s stock worth $2,469,000 after acquiring an additional 738 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of Woodward during the 2nd quarter worth approximately $5,861,000. Cooke & Bieler LP grew its holdings in shares of Woodward by 1.1% during the 2nd quarter. Cooke & Bieler LP now owns 453,030 shares of the technology company’s stock worth $30,616,000 after acquiring an additional 5,030 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of Woodward by 0.4% during the 2nd quarter. Jennison Associates LLC now owns 9,009 shares of the technology company’s stock worth $609,000 after acquiring an additional 34 shares during the period. 71.27% of the stock is owned by institutional investors and hedge funds.
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A number of research analysts have weighed in on WWD shares. Wood & Company reiterated a “buy” rating and set a $80.00 target price on shares of Woodward in a report on Tuesday, July 25th. CL King started coverage on Woodward in a report on Thursday, June 22nd. They set a “buy” rating and a $79.00 target price on the stock. BidaskClub downgraded Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, CIBC started coverage on Woodward in a report on Friday, July 14th. They set an “outperform” rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $73.89.
In related news, Director John A. Halbrook sold 8,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total value of $609,174.00. Following the completion of the transaction, the director now owns 350,521 shares of the company’s stock, valued at $24,543,480.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Donovan sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $70.55, for a total transaction of $402,135.00. Following the completion of the transaction, the director now directly owns 39,052 shares of the company’s stock, valued at approximately $2,755,118.60. The disclosure for this sale can be found here. Insiders own 5.93% of the company’s stock.
Woodward, Inc. (NASDAQ:WWD) opened at 70.27 on Tuesday. The stock has a market cap of $4.31 billion, a P/E ratio of 22.10 and a beta of 1.21. Woodward, Inc. has a 12-month low of $57.09 and a 12-month high of $72.97. The firm’s 50 day moving average price is $69.26 and its 200-day moving average price is $68.67.
Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The firm had revenue of $548.62 million during the quarter, compared to the consensus estimate of $530.89 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, August 18th. Woodward’s dividend payout ratio is presently 15.77%.
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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