LaFleur & Godfrey LLC Has $10 Million Position in Woodward, Inc.Common Stock (NASDAQ:WWD)

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LaFleur & Godfrey LLC lowered its stake in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,398 shares of the technology company’s stock after selling 1,085 shares during the quarter. Woodward, Inc.Common Stock comprises approximately 2.5% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 16th biggest position. LaFleur & Godfrey LLC’s holdings in Woodward, Inc.Common Stock were worth $10,003,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of Woodward, Inc.Common Stock by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 676,342 shares of the technology company’s stock valued at $50,245,000 after purchasing an additional 53,220 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Woodward, Inc.Common Stock in the 1st quarter valued at $215,000. CIBC Asset Management Inc acquired a new stake in shares of Woodward, Inc.Common Stock in the 1st quarter valued at $212,000. Raymond James & Associates boosted its holdings in shares of Woodward, Inc.Common Stock by 12.9% in the 1st quarter. Raymond James & Associates now owns 27,158 shares of the technology company’s stock valued at $2,577,000 after purchasing an additional 3,112 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Woodward, Inc.Common Stock by 2.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,268 shares of the technology company’s stock valued at $2,113,000 after purchasing an additional 441 shares in the last quarter. 73.58% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Barrington Research set a $119.00 target price on Woodward, Inc.Common Stock and gave the company a “buy” rating in a report on Wednesday, September 4th. SunTrust Banks reaffirmed a “hold” rating and issued a $110.00 target price (down previously from $118.00) on shares of Woodward, Inc.Common Stock in a report on Friday, June 14th. ValuEngine downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $105.20.

NASDAQ WWD opened at $107.85 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.59. Woodward, Inc.Common Stock has a twelve month low of $68.40 and a twelve month high of $119.20. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 1.72 and a beta of 1.35. The business’s fifty day moving average is $106.98 and its 200 day moving average is $106.58.

Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings data on Monday, August 5th. The technology company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.13. Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The company had revenue of $752.01 million for the quarter, compared to the consensus estimate of $699.59 million. During the same quarter last year, the business posted $1.12 EPS. Woodward, Inc.Common Stock’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, research analysts anticipate that Woodward, Inc.Common Stock will post 4.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $0.162 per share. This represents a $0.65 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, August 19th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 16.88%.

In related news, Director Mary L. Petrovich sold 3,577 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $107.23, for a total transaction of $383,561.71. Following the sale, the director now owns 6,015 shares of the company’s stock, valued at approximately $644,988.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $106.45, for a total value of $1,064,500.00. Following the sale, the insider now directly owns 36,553 shares in the company, valued at approximately $3,891,066.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,577 shares of company stock worth $3,592,562. 4.61% of the stock is currently owned by company insiders.

Woodward, Inc.Common Stock Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Institutional Ownership by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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