BT Investment Management Ltd trimmed its position in shares of Woodward, Inc. (NASDAQ:WWD) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 483,824 shares of the technology company’s stock after selling 8,492 shares during the quarter. BT Investment Management Ltd owned approximately 0.79% of Woodward worth $37,550,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in WWD. Ardevora Asset Management LLP bought a new position in shares of Woodward during the second quarter worth about $34,344,000. Black Creek Investment Management Inc. raised its position 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 during the last quarter. Koch Industries Inc. bought a new position in shares of Woodward during the second quarter worth about $354,000. Teachers Advisors LLC raised its position 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 during the last quarter. Finally, Voya Investment Management LLC raised its position 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 during the last quarter. 71.29% of the stock is currently owned by hedge funds and other institutional investors.
In other Woodward news, 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 value of $127,080.00. Following the completion of the sale, the director now owns 345,721 shares of the company’s stock, valued at $24,407,902.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Donovan sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total value of $402,135.00. Following the completion of the sale, the director now directly owns 39,052 shares of the company’s stock, valued at approximately $2,755,118.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,200 shares of company stock valued at $1,138,389. 5.93% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the company. Wood & Company reiterated a “buy” rating and issued a $80.00 target price on shares of Woodward in a report on Tuesday, July 25th. BidaskClub upgraded Woodward from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating and issued a $82.00 target price on shares of Woodward in a report on Thursday, October 26th. Finally, CIBC assumed coverage on Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.75.
Shares of Woodward, Inc. (WWD) traded down $0.34 during mid-day trading on Friday, reaching $77.99. The company’s stock had a trading volume of 233,586 shares, compared to its average volume of 213,968. The firm has a market capitalization of $4,782.11, a P/E ratio of 24.60, a P/E/G ratio of 1.86 and a beta of 1.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.21 and a quick ratio of 1.05.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. Woodward’s payout ratio is currently 15.77%.
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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