Russell Investments Group Ltd. boosted its position in Woodward, Inc. (NASDAQ:WWD) by 237.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,127 shares of the technology company’s stock after acquiring an additional 11,351 shares during the quarter. Russell Investments Group Ltd.’s holdings in Woodward were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. World Asset Management Inc boosted its holdings in Woodward by 0.9% in the first quarter. World Asset Management Inc now owns 3,371 shares of the technology company’s stock valued at $229,000 after acquiring an additional 30 shares during the last quarter. Advantus Capital Management Inc boosted its holdings in Woodward by 2.7% in the first quarter. Advantus Capital Management Inc now owns 7,080 shares of the technology company’s stock valued at $481,000 after acquiring an additional 187 shares during the last quarter. US Bancorp DE boosted its holdings in Woodward by 1.1% in the second quarter. US Bancorp DE now owns 18,498 shares of the technology company’s stock valued at $1,250,000 after acquiring an additional 196 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in Woodward by 0.9% in the first quarter. State Treasurer State of Michigan now owns 22,500 shares of the technology company’s stock valued at $1,528,000 after acquiring an additional 200 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in Woodward by 0.9% in the first quarter. Mason Street Advisors LLC now owns 26,123 shares of the technology company’s stock valued at $1,774,000 after acquiring an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.

In related news, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the completion of the sale, the director now directly owns 345,721 shares in the company, valued at $24,407,902.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Halbrook sold 8,700 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $70.02, for a total transaction of $609,174.00. Following the completion of the sale, the director now owns 350,521 shares of the company’s stock, valued at $24,543,480.42. The disclosure for this sale can be found here. Insiders sold 16,200 shares of company stock valued at $1,138,389 over the last quarter. 5.93% of the stock is currently owned by corporate insiders.

A number of research analysts recently weighed in on WWD shares. CIBC started coverage on Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price on the stock. Oppenheimer Holdings, Inc. started coverage on Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price on the stock. Wood & Company started coverage on Woodward in a report on Thursday, July 13th. They issued an “outperform” rating and a $82.00 target price on the stock. BidaskClub upgraded Woodward from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, CL King started coverage on Woodward in a report on Thursday, June 22nd. They issued a “buy” rating and a $79.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued 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.

Shares of Woodward, Inc. (NASDAQ:WWD) traded up 0.10% on Tuesday, hitting $71.11. The company’s stock had a trading volume of 69,448 shares. The stock’s 50 day moving average price is $69.45 and its 200 day moving average price is $68.63. The stock has a market capitalization of $4.36 billion, a P/E ratio of 22.36 and a beta of 1.21. Woodward, Inc. has a 52 week low of $57.09 and a 52 week high of $72.97.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, July 24th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million during 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 for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. On average, analysts forecast that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, August 18th. Woodward’s dividend payout ratio is presently 15.77%.

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Woodward 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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