State Board of Administration of Florida Retirement System lifted its position in shares of Woodward, Inc. (NASDAQ:WWD) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,534 shares of the technology company’s stock after purchasing an additional 738 shares during the period. State Board of Administration of Florida Retirement System owned about 0.06% of Woodward worth $2,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Woodward by 20,843.7% during the first quarter. BlackRock Inc. now owns 5,613,757 shares of the technology company’s stock worth $381,285,000 after purchasing an additional 5,586,953 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Woodward by 7.1% during the first quarter. Vanguard Group Inc. now owns 4,576,108 shares of the technology company’s stock worth $310,809,000 after buying an additional 303,863 shares during the last quarter. State Street Corp grew its holdings in shares of Woodward by 4.3% during the first quarter. State Street Corp now owns 1,746,742 shares of the technology company’s stock worth $118,641,000 after buying an additional 72,443 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Woodward by 14.0% during the first quarter. Bank of New York Mellon Corp now owns 885,229 shares of the technology company’s stock worth $60,124,000 after buying an additional 108,955 shares during the last quarter. Finally, Snyder Capital Management L P grew its holdings in shares of Woodward by 8.2% during the first quarter. Snyder Capital Management L P now owns 836,047 shares of the technology company’s stock worth $56,784,000 after buying an additional 63,709 shares during the last quarter. Institutional investors and hedge funds own 71.27% of the company’s stock.

Shares of Woodward, Inc. (WWD) opened at 70.84 on Monday. The firm has a 50-day moving average price of $69.42 and a 200-day moving average price of $68.67. Woodward, Inc. has a one year low of $57.09 and a one year high of $72.97. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 22.28 and a beta of 1.21.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 EPS for the quarter, beating the 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 company had revenue of $548.62 million for the quarter, compared to analyst estimates of $530.89 million. During the same quarter last year, the business earned $0.81 earnings per share. Woodward’s revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were paid a $0.125 dividend. The ex-dividend date was Friday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 0.71%. Woodward’s payout ratio is currently 15.77%.

WWD has been the topic of a number of research reports. BidaskClub lowered Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Wood & Company initiated coverage on Woodward in a report on Thursday, July 13th. They set an “outperform” rating and a $82.00 price target on the stock. 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. Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, 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. One investment 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.89.

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In other Woodward news, Director John A. Halbrook sold 8,700 shares of the firm’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 sale, the director now owns 350,521 shares in the company, valued at $24,543,480.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Donovan sold 5,700 shares of the firm’s 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 completion of the sale, the director now owns 39,052 shares in the company, valued at approximately $2,755,118.60. The disclosure for this sale can be found here. Insiders sold 16,200 shares of company stock worth $1,138,389 in the last 90 days. 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.

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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