Whittier Trust Co. continued to hold its stake in shares of Woodward Inc. (NASDAQ:WWD) during the second quarter, Holdings Channel reports. The firm owned 4,500 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Woodward were worth $259,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of WWD. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Woodward by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,631 shares of the company’s stock worth $1,021,000 after buying an additional 98 shares in the last quarter. Capstone Asset Management Co. increased its stake 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. Savant Capital LLC increased its stake in shares of Woodward by 0.8% in the second quarter. Savant Capital LLC now owns 49,436 shares of the company’s stock worth $2,849,000 after buying an additional 376 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Woodward by 0.7% in the second quarter. American Century Companies Inc. now owns 85,056 shares of the company’s stock worth $4,903,000 after buying an additional 632 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of 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. 75.13% of the stock is currently owned by institutional investors and hedge funds.
Woodward Inc. (NASDAQ:WWD) traded up 0.03% during midday trading on Friday, hitting $59.21. The company had a trading volume of 432,944 shares. The firm’s 50 day moving average is $61.38 and its 200-day moving average is $57.77. Woodward Inc. has a 52 week low of $41.24 and a 52 week high of $63.98. The firm has a market capitalization of $3.64 billion, a P/E ratio of 22.56 and a beta of 1.25.
Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The company had revenue of $508 million for the quarter, compared to analysts’ expectations of $521.70 million. Woodward had a net margin of 8.40% and a return on equity of 15.53%. Woodward’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. On average, equities research analysts expect that Woodward Inc. will post $2.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be issued 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 yield of 0.74%. Woodward’s payout ratio is 16.73%.
A number of brokerages have weighed in on WWD. Zacks Investment Research downgraded Woodward from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Barrington Research began coverage on Woodward in a report on Friday, September 16th. They issued a “market perform” rating on the stock. Jefferies Group set a $59.00 target price on Woodward and gave the company a “hold” rating in a report on Wednesday, July 20th. Finally, Maxim Group raised their target price on Woodward from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Woodward currently has an average rating of “Hold” and an average target price of $60.25.
In other news, Director Mary L. Petrovich sold 8,200 shares of the company’s 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 legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher Fawzy sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $59.30, for a total transaction of $355,800.00. Following the completion of the transaction, the vice president now directly owns 9,506 shares in the company, valued at approximately $563,705.80. The disclosure for this sale can be found here. Company 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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