Flinton Capital Management LLC increased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 57.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,862 shares of the technology company’s stock after buying an additional 1,768 shares during the quarter. Flinton Capital Management LLC’s holdings in Woodward were worth $328,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Advisor Group Inc. boosted its position in Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after purchasing an additional 147 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after purchasing an additional 190 shares during the last quarter. Diversified Trust Co acquired a new position in Woodward during the second quarter valued at approximately $213,000. PNC Financial Services Group Inc. boosted its position in Woodward by 66.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock valued at $217,000 after purchasing an additional 1,266 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in Woodward during the first quarter valued at approximately $234,000. Institutional investors and hedge funds own 71.23% of the company’s stock.
Several research analysts recently commented on the company. BidaskClub raised Woodward from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 29th. Wood & Company assumed coverage on Woodward in a research report on Thursday, July 13th. They set an “outperform” rating and a $82.00 price target for the company. Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Oppenheimer Holdings, Inc. assumed coverage on Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target for the company. Finally, CIBC assumed coverage on Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target for the company. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Woodward presently has a consensus rating of “Buy” and a consensus price target of $74.75.
In related news, Director John A. Halbrook sold 8,700 shares of the company’s 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 transaction, the director now owns 350,521 shares in the company, valued at $24,543,480.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John A. Halbrook sold 1,800 shares of the company’s 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 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. Over the last ninety days, insiders sold 16,200 shares of company stock valued at $1,138,389. 5.93% of the stock is currently owned by corporate insiders.
Shares of Woodward, Inc. (WWD) opened at 79.23 on Thursday. Woodward, Inc. has a 52-week low of $57.09 and a 52-week high of $79.88. The firm has a market capitalization of $4.86 billion, a PE ratio of 24.92 and a beta of 1.24. The stock has a 50 day moving average price of $73.81 and a 200-day moving average price of $69.83.
Woodward (NASDAQ:WWD) last released its earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $548.62 million during the quarter, compared to analyst estimates of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. Woodward’s quarterly revenue 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. Equities analysts forecast that Woodward, Inc. will post $3.10 EPS for the current year.
The firm 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 0.63%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio is presently 15.77%.
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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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