Hillsdale Investment Management Inc. Boosts Stock Position in Woodward, Inc.Common Stock (NASDAQ:WWD)

Hillsdale Investment Management Inc. grew its stake in Woodward, Inc.Common Stock (NASDAQ:WWD) by 22.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,200 shares of the technology company’s stock after purchasing an additional 1,500 shares during the period. Hillsdale Investment Management Inc.’s holdings in Woodward, Inc.Common Stock were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Swiss National Bank lifted its stake in Woodward, Inc.Common Stock by 2.7% during the second quarter. Swiss National Bank now owns 104,000 shares of the technology company’s stock worth $11,769,000 after purchasing an additional 2,700 shares in the last quarter. Comerica Bank lifted its stake in Woodward, Inc.Common Stock by 19.5% during the second quarter. Comerica Bank now owns 44,803 shares of the technology company’s stock worth $5,181,000 after purchasing an additional 7,308 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Woodward, Inc.Common Stock by 13.9% during the second quarter. Envestnet Asset Management Inc. now owns 43,436 shares of the technology company’s stock worth $4,915,000 after purchasing an additional 5,292 shares in the last quarter. Anchor Capital Advisors LLC lifted its stake in Woodward, Inc.Common Stock by 7.2% during the second quarter. Anchor Capital Advisors LLC now owns 473,772 shares of the technology company’s stock worth $53,612,000 after purchasing an additional 31,983 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Woodward, Inc.Common Stock by 33.8% during the second quarter. Advisory Services Network LLC now owns 3,246 shares of the technology company’s stock worth $367,000 after purchasing an additional 820 shares in the last quarter. Institutional investors and hedge funds own 75.18% of the company’s stock.

Shares of WWD stock traded up $2.05 during mid-day trading on Friday, hitting $106.44. 225,600 shares of the stock were exchanged, compared to its average volume of 400,368. The stock’s fifty day simple moving average is $112.76 and its two-hundred day simple moving average is $104.49. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 1.65 and a beta of 1.34. Woodward, Inc.Common Stock has a 12-month low of $68.40 and a 12-month high of $119.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13. The company had revenue of $752.01 million for 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 business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. On average, research analysts expect that Woodward, Inc.Common Stock will post 4.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be issued a dividend of $0.162 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, August 19th. Woodward, Inc.Common Stock’s dividend payout ratio is currently 16.88%.

A number of research analysts have commented on the company. Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, May 7th. Barrington Research set a $110.00 price target on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. ValuEngine cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $103.40.

In related news, Director Ronald M. Sega sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total transaction of $750,400.00. Following the transaction, the director now owns 18,975 shares of the company’s stock, valued at $2,125,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary L. Petrovich sold 3,577 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $107.23, for a total value of $383,561.71. Following the transaction, the director now directly owns 6,015 shares in the company, valued at approximately $644,988.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,777 shares of company stock worth $2,098,712. Corporate insiders own 4.61% of the company’s stock.

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

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