Dimensional Fund Advisors LP lowered its position in Woodward Inc. (NASDAQ:WWD) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,988 shares of the company’s stock after selling 48,849 shares during the period. Dimensional Fund Advisors LP owned about 1.71% of Woodward worth $60,574,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Woodward by 28.8% in the second quarter. JPMorgan Chase & Co. now owns 1,983 shares of the company’s stock worth $114,000 after buying an additional 443 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Woodward during the second quarter worth about $160,000. Advisors Asset Management Inc. increased its position in shares of Woodward by 112.5% in the second quarter. Advisors Asset Management Inc. now owns 3,188 shares of the company’s stock worth $184,000 after buying an additional 1,688 shares in the last quarter. Mariner Wealth Advisors LLC acquired a new position in shares of Woodward during the first quarter worth about $201,000. Finally, Capstone Asset Management Co. increased its position in shares of Woodward by 3.1% in the second quarter. Capstone Asset Management Co. now owns 4,005 shares of the company’s stock worth $231,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 75.13% of the company’s stock.
Shares of Woodward Inc. (NASDAQ:WWD) traded up 0.968% during mid-day trading on Monday, hitting $63.085. The stock had a trading volume of 67,168 shares. The stock’s 50-day moving average price is $61.42 and its 200-day moving average price is $57.25. Woodward Inc. has a 52-week low of $40.99 and a 52-week high of $63.98. The firm has a market cap of $3.88 billion, a PE ratio of 24.042 and a beta of 1.25.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.05. Woodward had a return on equity of 15.53% and a net margin of 8.40%. The firm had revenue of $508 million for the quarter, compared to analysts’ expectations of $521.70 million. During the same period last year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Woodward Inc. will post $2.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.70%. Woodward’s dividend payout ratio (DPR) is currently 16.73%.
A number of research analysts have recently issued reports on the company. Barrington Research started coverage on Woodward in a research note on Friday, September 16th. They issued a “market perform” rating on the stock. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Tuesday, September 20th. Jefferies Group set a $59.00 price target on Woodward and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Finally, Maxim Group upped their price target on Woodward from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Woodward presently has a consensus rating of “Hold” and a consensus target price of $60.25.
In related news, VP Christopher Fawzy sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $59.30, for a total value of $355,800.00. Following the sale, the vice president now directly owns 9,506 shares of the company’s stock, valued at $563,705.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary L. Petrovich sold 8,200 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $58.54, for a total value of $480,028.00. The disclosure for this sale can be found here. Insiders own 6.18% of the company’s stock.
Woodward Company Profile
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets.
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