Quantitative Systematic Strategies LLC bought a new position in shares of Woodward Inc. (NASDAQ:WWD) during the second quarter, Holdings Channel reports. The fund bought 4,218 shares of the company’s stock, valued at approximately $237,000.
Other large investors have also recently modified their holdings of the company. Eagle Asset Management Inc. raised its position in shares of 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 during the period. Bank of Montreal Can bought a new position in shares of Woodward during the second quarter worth approximately $3,806,000. BNP Paribas Arbitrage SA raised its position in shares of Woodward by 25,278.4% in the second quarter. BNP Paribas Arbitrage SA now owns 24,617 shares of the company’s stock worth $1,419,000 after buying an additional 24,520 shares during the period. NN Investment Partners Holdings N.V. bought a new position in shares of Woodward during the first quarter worth approximately $973,000. Finally, Lazard Asset Management LLC raised its position in shares of Woodward by 4.1% in the first quarter. Lazard Asset Management LLC now owns 404,597 shares of the company’s stock worth $21,047,000 after buying an additional 15,910 shares during the period. 75.13% of the stock is currently owned by institutional investors.
Woodward Inc. (NASDAQ:WWD) traded up 0.03% during trading on Friday, hitting $59.21. 432,944 shares of the stock traded hands. The company has a 50-day moving average price of $61.30 and a 200-day moving average price of $57.83. The stock has a market cap of $3.64 billion, a PE ratio of 22.56 and a beta of 1.25. Woodward Inc. has a 12 month low of $41.24 and a 12 month high of $63.98.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. The company earned $508 million during 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 for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 earnings per share. Equities research analysts expect that Woodward Inc. will post $2.78 EPS for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.44 annualized dividend and a yield of 0.74%. Woodward’s dividend payout ratio is currently 16.73%.
Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Barrington Research assumed coverage on shares of Woodward in a research report on Friday, September 16th. They set a “market perform” rating on the stock. Maxim Group increased their price target on shares of Woodward from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 15th. Finally, Jefferies Group set a $59.00 price objective on shares of Woodward and gave the company a “hold” rating in a research note on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.25.
In related news, VP Christopher Fawzy sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 9,506 shares of the company’s stock, valued at $563,705.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary L. Petrovich sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $58.54, for a total transaction of $480,028.00. The disclosure for this sale can be found here. Corporate 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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