Kennedy Capital Management Inc. cut its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 36.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 332,549 shares of the technology company’s stock after selling 192,912 shares during the quarter. Woodward comprises 0.4% of Kennedy Capital Management Inc.’s investment portfolio, making the stock its 29th biggest position. Kennedy Capital Management Inc. owned about 0.54% of Woodward worth $22,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WWD. Capstone Asset Management Co. boosted its position in Woodward by 29.1% during the first quarter. Capstone Asset Management Co. now owns 6,372 shares of the technology company’s stock worth $433,000 after acquiring an additional 1,437 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Woodward by 5.4% during the first quarter. Janney Montgomery Scott LLC now owns 13,176 shares of the technology company’s stock worth $895,000 after acquiring an additional 678 shares during the last quarter. Shell Asset Management Co. acquired a new position in Woodward during the first quarter worth about $1,100,000. Oregon Public Employees Retirement Fund boosted its position in Woodward by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 20,081 shares of the technology company’s stock worth $1,364,000 after acquiring an additional 300 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Woodward by 17.7% during the first quarter. Wells Fargo & Company MN now owns 188,499 shares of the technology company’s stock worth $12,803,000 after acquiring an additional 28,404 shares during the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.

Shares of Woodward, Inc. (NASDAQ WWD) traded down 0.13% during midday trading on Wednesday, reaching $70.04. 34,739 shares of the company traded hands. Woodward, Inc. has a 12 month low of $57.09 and a 12 month high of $72.97. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 22.03 and a beta of 1.21. The company’s 50 day moving average is $69.30 and its 200-day moving average is $68.63.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. Woodward had a net margin of 9.67% and a return on equity of 16.12%. Woodward’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. Equities research analysts forecast that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 0.71%. Woodward’s dividend payout ratio (DPR) is 15.77%.

A number of equities analysts recently weighed in on WWD shares. Wood & Company restated a “buy” rating and set a $80.00 price target on shares of Woodward in a research report on Tuesday, July 25th. CL King started coverage on shares of Woodward in a research report on Thursday, June 22nd. They set a “buy” rating and a $79.00 price target on the stock. BidaskClub lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, CIBC started coverage on shares of Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $73.89.

In other Woodward news, Director John A. Halbrook sold 1,800 shares of Woodward stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $70.60, for a total transaction of $127,080.00. Following the transaction, the director now directly owns 345,721 shares of the company’s stock, valued at $24,407,902.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul Donovan sold 5,700 shares of Woodward stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total transaction of $402,135.00. Following the transaction, the director now directly owns 39,052 shares in the company, valued at $2,755,118.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,200 shares of company stock worth $1,138,389. 5.93% of the stock is currently owned by corporate insiders.

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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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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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