Parametric Portfolio Associates LLC cut its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 21.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 37,233 shares of the technology company’s stock after selling 9,919 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.06% of Woodward worth $2,516,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Woodward by 4.3% during the 1st quarter. State Street Corp now owns 1,746,742 shares of the technology company’s stock worth $118,641,000 after acquiring an additional 72,443 shares in the last quarter. Northern Trust Corp lifted its position in Woodward by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,093,582 shares of the technology company’s stock worth $73,904,000 after acquiring an additional 13,494 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Woodward by 5.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 996,816 shares of the technology company’s stock worth $67,364,000 after acquiring an additional 50,059 shares in the last quarter. Ardevora Asset Management LLP acquired a new position in Woodward during the 2nd quarter worth approximately $34,344,000. Finally, BT Investment Management Ltd acquired a new position in Woodward during the 2nd quarter worth approximately $33,271,000. 71.31% of the stock is currently owned by hedge funds and other institutional investors.
In other Woodward 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 directly owns 350,521 shares of the company’s stock, valued at approximately $24,543,480.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Donovan sold 5,700 shares of the company’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 transaction, the director now directly owns 39,052 shares in the company, valued at $2,755,118.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,200 shares of company stock worth $1,138,389. 5.93% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on WWD shares. Wood & Company reissued a “buy” rating and set a $80.00 price target on shares of Woodward in a research report on Tuesday, July 25th. BidaskClub raised Woodward from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. 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, CIBC started coverage on Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.75.
Woodward, Inc. (NASDAQ WWD) opened at $77.99 on Monday. The stock has a market cap of $4,782.08, a PE 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 given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Friday, November 10th. Woodward’s payout ratio is 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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