First Allied Advisory Services Inc. reduced its position in Woodward, Inc. (NASDAQ:WWD) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,379 shares of the technology company’s stock after selling 78 shares during the period. First Allied Advisory Services Inc.’s holdings in Woodward were worth $363,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WWD. Ameriprise Financial Inc. boosted its holdings in shares of Woodward by 1.5% in the 1st quarter. Ameriprise Financial Inc. now owns 209,904 shares of the technology company’s stock valued at $14,257,000 after buying an additional 3,086 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Woodward by 129.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 47,152 shares of the technology company’s stock worth $3,203,000 after purchasing an additional 26,635 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Woodward by 71.3% in the 1st quarter. JPMorgan Chase & Co. now owns 113,445 shares of the technology company’s stock worth $7,705,000 after purchasing an additional 47,219 shares in the last quarter. Arizona State Retirement System boosted its stake in Woodward by 7.4% in the 1st quarter. Arizona State Retirement System now owns 23,000 shares of the technology company’s stock worth $1,562,000 after purchasing an additional 1,583 shares in the last quarter. Finally, Credit Agricole S A acquired a new stake in Woodward in the 1st quarter worth approximately $799,000. Institutional investors and hedge funds own 71.23% of the company’s stock.

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A number of analysts recently commented on the stock. CL King assumed coverage on shares of Woodward in a research note on Thursday, June 22nd. They issued a “buy” rating and a $79.00 target price for the company. Oppenheimer Holdings, Inc. assumed coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price for the company. BidaskClub upgraded shares of Woodward from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. CIBC assumed coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price for the company. Finally, Wood & Company reiterated a “buy” rating and issued a $80.00 target price on shares of Woodward in a research note on Tuesday, July 25th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Woodward presently has a consensus rating of “Buy” and an average target price of $74.75.

Shares of Woodward, Inc. (WWD) opened at 79.22 on Friday. The company has a 50-day moving average of $72.85 and a 200-day moving average of $69.54. Woodward, Inc. has a 1-year low of $57.09 and a 1-year high of $79.88. The firm has a market capitalization of $4.86 billion, a PE ratio of 24.91 and a beta of 1.24.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data 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. The business had revenue of $548.62 million during the quarter, compared to the consensus estimate of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 earnings per share. Equities research analysts predict that Woodward, Inc. will post $3.10 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, November 10th. Woodward’s payout ratio is currently 15.77%.

In other news, Director John A. Halbrook sold 8,700 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $70.02, for a total value of $609,174.00. Following the completion of the sale, the director now directly owns 350,521 shares of the company’s stock, valued at $24,543,480.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John A. Halbrook sold 1,800 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $24,407,902.60. 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 three months. Corporate insiders own 5.93% of the company’s stock.

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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