Whittier Trust Co. held its position in Woodward, Inc. (NASDAQ:WWD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,626 shares of the technology company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Woodward were worth $313,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in Woodward by 20,843.7% in the first quarter. BlackRock Inc. now owns 5,613,757 shares of the technology company’s stock worth $381,285,000 after buying an additional 5,586,953 shares in the last quarter. Norges Bank bought a new position in shares of Woodward during the fourth quarter valued at approximately $36,373,000. Ardevora Asset Management LLP bought a new position in shares of Woodward during the second quarter valued at approximately $34,344,000. Vanguard Group Inc. raised its position in shares of Woodward by 7.1% in the first quarter. Vanguard Group Inc. now owns 4,576,108 shares of the technology company’s stock valued at $310,809,000 after buying an additional 303,863 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Woodward by 60.5% in the first quarter. AQR Capital Management LLC now owns 644,534 shares of the technology company’s stock valued at $43,777,000 after buying an additional 243,036 shares during the period. 71.09% of the stock is owned by institutional investors and hedge funds.
Woodward, Inc. (NASDAQ:WWD) traded up 0.04% during midday trading on Friday, reaching $69.47. 209,924 shares of the company’s stock traded hands. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 21.85 and a beta of 1.21. Woodward, Inc. has a 52 week low of $57.09 and a 52 week high of $72.97. The company’s 50-day moving average price is $69.06 and its 200 day moving average price is $68.81.
Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 EPS 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 company had revenue of $548.62 million for the quarter, compared to the consensus estimate of $530.89 million. During the same quarter last year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that Woodward, Inc. will post $3.10 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, August 18th. This represents a $0.50 annualized dividend and a yield of 0.72%. Woodward’s dividend payout ratio (DPR) is presently 15.77%.
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Several brokerages recently commented on WWD. Wood & Company reaffirmed a “buy” rating and set a $80.00 price target on shares of Woodward in a research report on Tuesday, July 25th. BidaskClub lowered shares of Woodward from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. CIBC began coverage on shares of Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target for the company. Oppenheimer Holdings, Inc. began coverage on shares of Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target for the company. Finally, CL King began coverage on shares of Woodward in a research report on Thursday, June 22nd. They set a “buy” rating and a $79.00 price target for the company. One investment 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. The company currently has a consensus rating of “Hold” and a consensus price target of $73.89.
In other Woodward news, CFO Robert F. Weber, Jr. sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 34,053 shares in the company, valued at $2,264,183.97. The sale was disclosed in a filing with the SEC, which is available at 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 value of $402,135.00. Following the transaction, the director now owns 39,052 shares in the company, valued at approximately $2,755,118.60. The disclosure for this sale can be found here. Company insiders own 5.93% of the company’s stock.
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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