Ameriprise Financial Inc. Decreases Stake in Woodward, Inc. (WWD)

Ameriprise Financial Inc. lessened its position in Woodward, Inc. (NASDAQ:WWD) by 21.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,478 shares of the technology company’s stock after selling 44,426 shares during the quarter. Ameriprise Financial Inc. owned about 0.27% of Woodward worth $11,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its position in shares of Woodward by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,046 shares of the technology company’s stock valued at $476,000 after acquiring an additional 18 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Woodward by 0.4% in the second quarter. Jennison Associates LLC now owns 9,009 shares of the technology company’s stock valued at $609,000 after acquiring an additional 34 shares in the last quarter. World Asset Management Inc lifted its position in shares of Woodward by 2.7% in the second quarter. World Asset Management Inc now owns 3,462 shares of the technology company’s stock valued at $234,000 after acquiring an additional 91 shares in the last quarter. Mitchell Capital Management Co. lifted its position in shares of Woodward by 0.5% in the second quarter. Mitchell Capital Management Co. now owns 35,607 shares of the technology company’s stock valued at $2,406,000 after acquiring an additional 185 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its position in shares of Woodward by 2.7% in the first quarter. Advantus Capital Management Inc now owns 7,080 shares of the technology company’s stock valued at $481,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 71.23% of the company’s stock.

Several equities analysts have recently weighed in on the company. CL King assumed coverage on Woodward in a research report on Thursday, June 22nd. They issued a “buy” rating and a $79.00 target price on the stock. Oppenheimer Holdings, Inc. assumed coverage on Woodward in a research report on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price on the stock. BidaskClub upgraded Woodward from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. CIBC assumed coverage on Woodward in a research report on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price on the stock. Finally, Wood & Company restated a “buy” rating and issued a $80.00 target price on shares of Woodward in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $74.75.

In related news, Director John A. Halbrook sold 1,800 shares of the company’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 sale, the director now owns 345,721 shares of the company’s stock, valued at approximately $24,407,902.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John A. Halbrook sold 8,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total value of $609,174.00. Following the completion of the sale, the director now directly owns 350,521 shares in the company, valued at approximately $24,543,480.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,200 shares of company stock worth $1,138,389. 5.93% of the stock is owned by corporate insiders.

Woodward, Inc. (NASDAQ WWD) opened at 78.99 on Wednesday. Woodward, Inc. has a 12 month low of $57.09 and a 12 month high of $79.88. The company’s 50-day moving average price is $73.49 and its 200-day moving average price is $69.77. The stock has a market cap of $4.84 billion, a P/E ratio of 24.84 and a beta of 1.24.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The firm had revenue of $548.62 million for the quarter, compared to analyst estimates of $530.89 million. During the same quarter in the prior year, the company earned $0.81 EPS. Woodward’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Woodward, Inc. will post $3.10 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, November 10th. Woodward’s payout ratio is currently 15.77%.

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Woodward Profile

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.

Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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