Retirement Systems of Alabama reduced its position in Woodward Inc. (NASDAQ:WWD) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,940 shares of the company’s stock after selling 914 shares during the period. Retirement Systems of Alabama’s holdings in Woodward were worth $4,089,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in WWD. Bank of Montreal Can bought a new position in shares of Woodward during the second quarter worth $3,806,000. New York State Teachers Retirement System increased its position in Woodward by 3.9% in the second quarter. New York State Teachers Retirement System now owns 114,563 shares of the company’s stock worth $6,603,000 after buying an additional 4,300 shares in the last quarter. LS Investment Advisors LLC increased its position in Woodward by 14.7% in the second quarter. LS Investment Advisors LLC now owns 11,055 shares of the company’s stock worth $637,000 after buying an additional 1,420 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Woodward during the second quarter worth approximately $160,000. Finally, Eagle Asset Management Inc. increased its position in Woodward by 14.6% in the second quarter. Eagle Asset Management Inc. now owns 762,249 shares of the company’s stock worth $43,936,000 after buying an additional 97,258 shares in the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Woodward Inc. (NASDAQ:WWD) traded up 0.03% during midday trading on Friday, hitting $59.21. 432,944 shares of the stock were exchanged. Woodward Inc. has a 1-year low of $41.24 and a 1-year high of $63.98. The firm’s 50 day moving average is $61.30 and its 200-day moving average is $57.83. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 22.56 and a beta of 1.25.
Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, July 20th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Woodward had a net margin of 8.40% and a return on equity of 15.53%. The business earned $508 million during the quarter, compared to the consensus estimate of $521.70 million. During the same quarter last year, the firm earned $0.66 earnings per share. Woodward’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Woodward Inc. will post $2.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, November 9th. Woodward’s dividend payout ratio is presently 16.73%.
WWD has been the subject of a number of recent research reports. Maxim Group increased their price objective on shares of Woodward from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 15th. Zacks Investment Research downgraded shares of Woodward from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Jefferies Group set a $59.00 price objective on shares of Woodward and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Finally, Barrington Research initiated coverage on shares of Woodward in a research note on Friday, September 16th. They set a “market perform” rating for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $60.25.
In other Woodward news, Director Mary L. Petrovich sold 8,200 shares of Woodward stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $58.54, for a total value of $480,028.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Fawzy sold 6,000 shares of Woodward stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $59.30, for a total transaction of $355,800.00. Following the completion of the sale, the vice president now directly owns 9,506 shares of the company’s stock, valued at $563,705.80. The disclosure for this sale can be found here. Corporate insiders own 6.18% of the company’s stock.
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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