Anchor Capital Advisors LLC lowered its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,905 shares of the technology company’s stock after selling 4,184 shares during the period. Anchor Capital Advisors LLC owned approximately 0.37% of Woodward worth $17,688,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of WWD. Ardevora Asset Management LLP bought a new position in shares of Woodward in the second quarter worth approximately $34,344,000. BT Investment Management Ltd bought a new position in shares of Woodward in the second quarter worth approximately $33,271,000. Black Creek Investment Management Inc. boosted its position in shares of Woodward by 127.5% in the second quarter. Black Creek Investment Management Inc. now owns 731,527 shares of the technology company’s stock worth $49,437,000 after purchasing an additional 409,940 shares during the period. Koch Industries Inc. bought a new position in shares of Woodward in the second quarter worth approximately $354,000. Finally, Teachers Advisors LLC boosted its position in shares of Woodward by 198.3% in the second quarter. Teachers Advisors LLC now owns 304,107 shares of the technology company’s stock worth $20,552,000 after purchasing an additional 202,175 shares during the period. 70.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Woodward, Inc. (NASDAQ WWD) traded up $0.32 during midday trading on Tuesday, reaching $79.54. 538,300 shares of the company traded hands, compared to its average volume of 271,120. The stock has a market cap of $4,857.50, a price-to-earnings ratio of 25.07, a PEG ratio of 1.94 and a beta of 1.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39. Woodward, Inc. has a 12 month low of $64.12 and a 12 month high of $82.94.
Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The company had revenue of $606.79 million for the quarter, compared to analysts’ expectations of $596.99 million. During the same quarter in the previous year, the company posted $0.99 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. research analysts predict that Woodward, Inc. will post 3.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 10th. This represents a $0.50 annualized dividend and a yield of 0.63%. Woodward’s dividend payout ratio (DPR) is presently 15.82%.
WWD has been the subject of a number of research reports. SunTrust Banks, Inc. upped their target price on shares of Woodward to $77.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. BidaskClub lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Cowen and Company reiterated a “hold” rating and set a $62.00 price objective on shares of Woodward in a research report on Thursday, November 9th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and issued a $82.00 price target on shares of Woodward in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Woodward has a consensus rating of “Hold” and an average target price of $75.75.
In other Woodward news, Director John A. Halbrook sold 8,700 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total value of $609,174.00. Following the transaction, the director now owns 350,521 shares of the company’s stock, valued at $24,543,480.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $70.60, for a total transaction of $127,080.00. Following the completion of the transaction, the director now directly owns 345,721 shares in the company, valued at approximately $24,407,902.60. The disclosure for this sale can be found here. 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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