Northern Trust Corp Decreases Stake in Woodward, Inc.Common Stock (WWD)

Northern Trust Corp reduced its position in Woodward, Inc.Common Stock (NASDAQ:WWD) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,090,021 shares of the technology company’s stock after selling 7,413 shares during the period. Northern Trust Corp’s holdings in Woodward, Inc.Common Stock were worth $80,978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WWD. CAPROCK Group Inc. grew its holdings in Woodward, Inc.Common Stock by 6.3% during the 4th quarter. CAPROCK Group Inc. now owns 3,177 shares of the technology company’s stock worth $236,000 after acquiring an additional 188 shares in the last quarter. Whittier Trust Co. boosted its stake in Woodward, Inc.Common Stock by 4.4% during the 4th quarter. Whittier Trust Co. now owns 4,696 shares of the technology company’s stock worth $349,000 after purchasing an additional 196 shares during the last quarter. Mastrapasqua Asset Management Inc. boosted its stake in Woodward, Inc.Common Stock by 1.5% during the 4th quarter. Mastrapasqua Asset Management Inc. now owns 17,385 shares of the technology company’s stock worth $1,292,000 after purchasing an additional 250 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Woodward, Inc.Common Stock by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 72,093 shares of the technology company’s stock worth $5,356,000 after purchasing an additional 340 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Woodward, Inc.Common Stock by 12.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,718 shares of the technology company’s stock worth $276,000 after purchasing an additional 402 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Shares of NASDAQ:WWD opened at $95.25 on Friday. The stock has a market cap of $5.86 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.57 and a beta of 1.46. The company has a current ratio of 1.96, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. Woodward, Inc.Common Stock has a one year low of $68.40 and a one year high of $97.39.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings data on Monday, January 28th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.22. The company had revenue of $652.80 million for the quarter, compared to the consensus estimate of $583.12 million. Woodward, Inc.Common Stock had a return on equity of 18.03% and a net margin of 8.42%. Woodward, Inc.Common Stock’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. On average, equities analysts forecast that Woodward, Inc.Common Stock will post 4.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 19th were given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 15th. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s payout ratio is 16.88%.

WWD has been the topic of several recent research reports. BidaskClub raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. ValuEngine raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Saturday, January 12th. Barrington Research set a $90.00 target price on shares of Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research note on Tuesday, December 11th. Finally, SunTrust Banks boosted their price objective on shares of Woodward, Inc.Common Stock to $97.00 and gave the company a “buy” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Woodward, Inc.Common Stock has an average rating of “Hold” and a consensus target price of $89.57.

In other Woodward, Inc.Common Stock news, CEO Thomas A. Gendron sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief executive officer now owns 227,390 shares in the company, valued at $19,328,150. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas A. Gendron sold 17,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $92.82, for a total value of $1,577,940.00. Following the completion of the transaction, the insider now owns 234,890 shares in the company, valued at approximately $21,802,489.80. The disclosure for this sale can be found here. Insiders have sold a total of 254,300 shares of company stock valued at $23,618,860 in the last quarter. 4.61% of the stock is currently owned by insiders.

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About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Institutional Ownership by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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