Vanguard Group Inc. Sells 80,040 Shares of Woodward, Inc. (WWD)

Vanguard Group Inc. reduced its position in shares of Woodward, Inc. (NASDAQ:WWD) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,496,068 shares of the technology company’s stock after selling 80,040 shares during the period. Vanguard Group Inc. owned about 7.33% of Woodward worth $303,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Woodward by 20,843.7% in the first quarter. BlackRock Inc. now owns 5,613,757 shares of the technology company’s stock worth $381,285,000 after buying an additional 5,586,953 shares during the last quarter. Ardevora Asset Management LLP bought a new stake in shares of Woodward in the second quarter worth $34,344,000. BT Investment Management Ltd bought a new stake in shares of Woodward in the second quarter worth $33,271,000. AQR Capital Management LLC increased its stake in shares of Woodward by 60.5% in the first quarter. AQR Capital Management LLC now owns 644,534 shares of the technology company’s stock worth $43,777,000 after buying an additional 243,036 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Woodward by 198.3% in the second quarter. Teachers Advisors LLC now owns 304,107 shares of the technology company’s stock worth $20,552,000 after buying an additional 202,175 shares during the last quarter. 71.23% of the stock is currently owned by institutional investors and hedge funds.

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WWD has been the subject of a number of research analyst reports. BidaskClub lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. CL King initiated coverage on shares of Woodward in a research note on Thursday, June 22nd. They issued a “buy” rating and a $79.00 price target for the company. Wood & Company initiated coverage on shares of Woodward in a research note on Thursday, July 13th. They issued an “outperform” rating and a $82.00 price target for the company. Oppenheimer Holdings, Inc. initiated coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target for the company. Finally, CIBC initiated coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $74.75.

Shares of Woodward, Inc. (NASDAQ:WWD) opened at 78.99 on Wednesday. The firm’s 50-day moving average is $73.49 and its 200 day moving average is $69.77. Woodward, Inc. has a 1-year low of $57.09 and a 1-year high of $79.88. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 24.84 and a beta of 1.24.

Woodward (NASDAQ:WWD) last issued its earnings results on Monday, July 24th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million during the quarter, compared to analysts’ expectations of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. Woodward’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.81 earnings per share. Equities analysts expect that Woodward, Inc. will post $3.10 EPS for the current fiscal year.

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

In related news, Director John A. Halbrook sold 8,700 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 350,521 shares of the company’s stock, valued at $24,543,480.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Donovan sold 5,700 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was 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 of the company’s stock, 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 valued at $1,138,389. 5.93% of the stock is owned by company insiders.

Woodward Company 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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