Principal Financial Group Inc. Boosts Holdings in Woodward, Inc. (WWD)
Principal Financial Group Inc. grew its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,814 shares of the technology company’s stock after acquiring an additional 983 shares during the quarter. Principal Financial Group Inc. owned 0.38% of Woodward worth $18,147,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of WWD. BT Investment Management Ltd purchased a new position in shares of Woodward during the second quarter worth approximately $33,271,000. Black Creek Investment Management Inc. raised its stake in shares of Woodward by 127.5% during the second quarter. Black Creek Investment Management Inc. now owns 731,527 shares of the technology company’s stock worth $49,437,000 after acquiring an additional 409,940 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Woodward during the second quarter worth approximately $354,000. Teachers Advisors LLC raised its stake in shares of Woodward by 198.3% during the second quarter. Teachers Advisors LLC now owns 304,107 shares of the technology company’s stock worth $20,552,000 after acquiring an additional 202,175 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Woodward by 18.1% during the second quarter. Voya Investment Management LLC now owns 777,981 shares of the technology company’s stock worth $52,575,000 after acquiring an additional 119,164 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.
Woodward, Inc. (NASDAQ:WWD) opened at $76.20 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42. Woodward, Inc. has a fifty-two week low of $65.22 and a fifty-two week high of $82.94. The stock has a market cap of $4,666.34, a P/E ratio of 24.11, a PEG ratio of 1.87 and a beta of 1.24.
The company also recently announced 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 0.66%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio is 15.82%.
In other news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the transaction, the director now owns 27,904 shares in the company, valued at $2,223,669.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Halbrook sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $70.60, for a total transaction of $127,080.00. Following the completion of the transaction, the director now owns 345,721 shares in the company, valued at approximately $24,407,902.60. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by company insiders.
WWD has been the topic of several research reports. BidaskClub downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Cowen Inc reissued a “hold” rating and set a $62.00 price target on shares of Woodward in a research note on Thursday, November 9th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating and set a $82.00 price target on shares of Woodward in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $77.71.
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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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