Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,909 shares of the technology company’s stock after buying an additional 2,992 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.06% of Woodward worth $2,292,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WWD. BlackRock Inc. boosted its holdings 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 during the last quarter. Ardevora Asset Management LLP acquired a new stake in shares of Woodward during the second quarter worth $34,344,000. Vanguard Group Inc. boosted 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 purchasing an additional 303,863 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Woodward by 60.5% during the first quarter. AQR Capital Management LLC now owns 644,534 shares of the technology company’s stock worth $43,777,000 after purchasing an additional 243,036 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted 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 purchasing an additional 108,955 shares during the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.

Woodward, Inc. (WWD) opened at 72.60 on Friday. The company has a 50-day moving average price of $69.68 and a 200-day moving average price of $68.71. The firm has a market cap of $4.45 billion, a PE ratio of 22.83 and a beta of 1.21. Woodward, Inc. has a one year low of $57.09 and a one year high of $73.00.

Woodward (NASDAQ:WWD) last posted 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 business had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. During the same period in the previous year, the company posted $0.81 EPS. Woodward’s revenue was up 8.1% on a year-over-year basis. Equities analysts predict that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, August 18th. Woodward’s dividend payout ratio is currently 15.77%.

In other news, Director Paul Donovan sold 5,700 shares of the business’s stock in a transaction 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 approximately $2,755,118.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John A. Halbrook sold 1,800 shares of the business’s stock in a transaction 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 owns 345,721 shares in the company, valued at $24,407,902.60. The disclosure for this sale can be found here. Over the last 90 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.

WWD has been the topic of several analyst reports. CIBC initiated coverage on Woodward in a report on Friday, July 14th. They set an “outperform” rating and a $82.00 price objective 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 objective on the stock. Wood & Company initiated coverage on Woodward in a report on Thursday, July 13th. They set an “outperform” rating and a $82.00 price objective 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 initiated coverage on Woodward in a report on Thursday, June 22nd. They set a “buy” rating and a $79.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $73.89.

ILLEGAL ACTIVITY WARNING: “Los Angeles Capital Management & Equity Research Inc. Has $2.29 Million Holdings in Woodward, Inc. (WWD)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/16/los-angeles-capital-management-equity-research-inc-has-2-29-million-holdings-in-woodward-inc-wwd.html.

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)

Receive News & Stock Ratings for Woodward Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc. and related stocks with our FREE daily email newsletter.