Pratt Collard Advisory Partners LLC lowered its stake in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,573 shares of the technology company’s stock after selling 215 shares during the period. Pratt Collard Advisory Partners LLC’s holdings in Woodward, Inc.Common Stock were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Motco purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at $39,000. FNY Investment Advisers LLC purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at $80,000. HM Payson & Co. purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at $91,000. Veritable L.P. purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at $200,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at $225,000. Institutional investors own 73.61% of the company’s stock.
Several analysts have recently commented on WWD shares. BidaskClub lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Wood & Company reiterated a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Monday, August 26th. ValuEngine lowered Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Barrington Research set a $119.00 price objective on Woodward, Inc.Common Stock and gave the company a “buy” rating in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $106.75.
Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.13. The company had revenue of $752.01 million during the quarter, compared to analyst estimates of $699.59 million. Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. On average, sell-side analysts predict that Woodward, Inc.Common Stock will post 4.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.162 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 0.60%. 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 value of $383,561.71. Following the completion of the transaction, the director now owns 6,015 shares in the company, valued at approximately $644,988.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $106.13, for a total value of $1,061,300.00. Following the completion of the transaction, the insider now owns 36,553 shares of the company’s stock, valued at approximately $3,879,369.89. The disclosure for this sale can be found here. Insiders sold a total of 33,577 shares of company stock valued at $3,592,562 in the last 90 days. 4.61% of the stock is currently owned by company insiders.
About Woodward, Inc.Common Stock
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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