Aperio Group LLC Sells 1,909 Shares of Woodward, Inc. (WWD)
Aperio Group LLC trimmed its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 7.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,758 shares of the technology company’s stock after selling 1,909 shares during the period. Aperio Group LLC’s holdings in Woodward were worth $1,844,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Woodward by 5.5% during the third quarter. First Trust Advisors LP now owns 37,623 shares of the technology company’s stock valued at $2,920,000 after purchasing an additional 1,946 shares during the last quarter. CAPROCK Group Inc. purchased a new position in shares of Woodward during the third quarter valued at approximately $222,000. Carnick & Kubik Group LLC purchased a new position in shares of Woodward during the third quarter valued at approximately $1,383,000. Hermes Investment Management Ltd. lifted its holdings in shares of Woodward by 9.2% during the third quarter. Hermes Investment Management Ltd. now owns 412,043 shares of the technology company’s stock valued at $31,979,000 after purchasing an additional 34,643 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Woodward during the second quarter valued at approximately $638,000. Hedge funds and other institutional investors own 70.68% of the company’s stock.
Several equities analysts have recently issued reports on the stock. SunTrust Banks, Inc. lifted their target price on shares of Woodward to $77.00 and gave the company a “hold” rating in a report on Thursday, November 9th. BidaskClub lowered shares of Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Cowen and Company reissued a “hold” rating and set a $62.00 price target on shares of Woodward in a research report on Thursday, November 9th. Oppenheimer Holdings, Inc. reissued a “market perform” rating and set a $82.00 price target on shares of Woodward in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $75.75.
Shares of Woodward, Inc. (NASDAQ:WWD) opened at $78.31 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28. Woodward, Inc. has a 1 year low of $64.56 and a 1 year high of $82.94. The company has a market cap of $4,870.90, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24.
Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The business had revenue of $606.79 million during the quarter, compared to the consensus estimate of $596.99 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. equities analysts expect that Woodward, Inc. will post 3.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio (DPR) is presently 15.82%.
In other news, Director Mary L. Petrovich sold 5,700 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the sale, the director now owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The sale was disclosed in a legal 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 sale, the director now directly owns 345,721 shares of the company’s stock, valued at approximately $24,407,902.60. The disclosure for this sale can be found here. Insiders own 5.93% of the company’s stock.
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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