LaFleur & Godfrey LLC decreased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 99,734 shares of the technology company’s stock after selling 163 shares during the period. Woodward accounts for 1.8% of LaFleur & Godfrey LLC’s portfolio, making the stock its 23rd largest position. LaFleur & Godfrey LLC owned about 0.16% of Woodward worth $6,740,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the stock. Quadrature Capital Ltd acquired a new stake in Woodward during the fourth quarter worth approximately $204,000. Sawgrass Asset Management LLC acquired a new stake in Woodward during the first quarter worth approximately $206,000. Diversified Trust Co acquired a new stake in Woodward during the second quarter worth approximately $213,000. PNC Financial Services Group Inc. boosted its stake in Woodward by 66.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock worth $217,000 after buying an additional 1,266 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in Woodward during the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 71.09% of the company’s stock.
Woodward, Inc. (NASDAQ WWD) opened at 69.47 on Friday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 21.85 and a beta of 1.21. The company has a 50-day moving average of $69.06 and a 200-day moving average of $68.81. Woodward, Inc. has a 52 week low of $57.09 and a 52 week high of $72.97.
Woodward (NASDAQ:WWD) last issued its earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The company had revenue of $548.62 million for the quarter, compared to analyst estimates of $530.89 million. During the same period in the prior year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts anticipate that Woodward, Inc. will post $3.10 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a $0.125 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 0.72%. Woodward’s dividend payout ratio is presently 15.77%.
A number of equities research analysts have recently commented on WWD shares. Wood & Company restated a “buy” rating and set a $80.00 target price on shares of Woodward in a research report on Tuesday, July 25th. CL King started coverage on Woodward in a research report on Thursday, June 22nd. They set a “buy” rating and a $79.00 target price on the stock. BidaskClub cut Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Cowen and Company restated a “market perform” rating and set a $62.00 target price (up from $58.00) on shares of Woodward in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Woodward has a consensus rating of “Hold” and an average target price of $73.89.
In other news, CFO Robert F. Weber, Jr. sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $66.49, for a total value of $498,675.00. Following the sale, the chief financial officer now directly owns 34,053 shares in the company, valued at $2,264,183.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Donovan sold 5,700 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total transaction of $402,135.00. Following the completion of the sale, the director now owns 39,052 shares in the company, valued at $2,755,118.60. The disclosure for this sale can be found here. 5.93% of the stock is owned by corporate insiders.
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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