Public Employees Retirement System of Ohio cut its position in shares of Woodward, Inc. (NASDAQ:WWD) by 5.8% during the first quarter, Holdings Channel reports. The fund owned 2,944 shares of the technology company’s stock after selling 182 shares during the period. Public Employees Retirement System of Ohio’s holdings in Woodward were worth $200,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WWD. Quadrature Capital Ltd acquired a new stake in shares of Woodward during the fourth quarter worth approximately $204,000. UBS Asset Management Americas Inc. raised its stake in shares of Woodward by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 215,960 shares of the technology company’s stock worth $14,911,000 after buying an additional 3,088 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Woodward by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 93,966 shares of the technology company’s stock worth $6,488,000 after buying an additional 2,273 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Woodward during the fourth quarter worth approximately $224,000. Finally, Capstone Asset Management Co. raised its stake in shares of Woodward by 29.1% in the first quarter. Capstone Asset Management Co. now owns 6,372 shares of the technology company’s stock worth $433,000 after buying an additional 1,437 shares in the last quarter. 71.09% of the stock is currently owned by hedge funds and other institutional investors.
Woodward, Inc. (WWD) traded down 0.277% during mid-day trading on Thursday, reaching $70.245. 45,356 shares of the company’s stock traded hands. The company has a 50 day moving average price of $68.97 and a 200-day moving average price of $68.78. Woodward, Inc. has a 12 month low of $57.09 and a 12 month high of $72.97. The stock has a market cap of $4.31 billion, a P/E ratio of 22.090 and a beta of 1.21.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The business had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. During the same period last year, the business earned $0.81 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that Woodward, Inc. will post $3.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, August 18th. Woodward’s payout ratio is 15.77%.
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WWD has been the topic of a number of research reports. Stephens initiated coverage on shares of Woodward in a research report on Thursday, April 13th. They issued an “overweight” rating and a $82.00 price objective on the stock. Cowen and Company reissued a “market perform” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Woodward in a research report on Friday, April 21st. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, CL King initiated coverage on shares of Woodward in a research report on Thursday, June 22nd. They issued a “buy” rating and a $79.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Woodward currently has a consensus rating of “Hold” and a consensus price target of $73.89.
In other news, CFO Robert F. Weber, Jr. sold 7,500 shares of Woodward stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total transaction of $498,675.00. Following the sale, the chief financial officer now directly owns 34,053 shares in the company, valued at approximately $2,264,183.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.93% of the company’s stock.
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.
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