New York State Teachers Retirement System Has $6,603,000 Position in Woodward Inc. (WWD)
New York State Teachers Retirement System raised its stake in Woodward Inc. (NASDAQ:WWD) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 114,563 shares of the company’s stock after buying an additional 4,300 shares during the period. New York State Teachers Retirement System’s holdings in Woodward were worth $6,603,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Woodward by 2.9% in the first quarter. Geode Capital Management LLC now owns 394,102 shares of the company’s stock valued at $20,501,000 after buying an additional 11,282 shares during the period. Norges Bank purchased a new position in Woodward during the fourth quarter valued at approximately $33,224,000. Prudential Financial Inc. boosted its position in Woodward by 16.6% in the first quarter. Prudential Financial Inc. now owns 43,939 shares of the company’s stock valued at $2,286,000 after buying an additional 6,258 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Woodward by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,631 shares of the company’s stock valued at $1,021,000 after buying an additional 98 shares during the period. Finally, BlackRock Group LTD boosted its position in Woodward by 25.1% in the first quarter. BlackRock Group LTD now owns 36,227 shares of the company’s stock valued at $1,884,000 after buying an additional 7,278 shares during the period. 75.13% of the stock is owned by institutional investors and hedge funds.
Woodward Inc. (NASDAQ:WWD) traded up 1.45% during midday trading on Friday, reaching $62.48. The company had a trading volume of 232,102 shares. The stock’s 50 day moving average is $61.42 and its 200 day moving average is $57.25. Woodward Inc. has a one year low of $40.99 and a one year high of $63.98. The company has a market capitalization of $3.84 billion, a PE ratio of 23.81 and a beta of 1.33.
Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Woodward had a return on equity of 15.53% and a net margin of 8.40%. The business earned $508 million during the quarter, compared to analysts’ expectations of $521.70 million. During the same quarter last year, the company posted $0.66 earnings per share. Woodward’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Woodward Inc. will post $2.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, November 9th. Woodward’s payout ratio is currently 16.73%.
Several research firms have recently weighed in on WWD. Barrington Research began coverage on Woodward in a research note on Friday, September 16th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered Woodward from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Jefferies Group set a $59.00 price objective on Woodward and gave the company a “hold” rating in a research note on Wednesday, July 20th. Finally, Maxim Group upped their price objective on Woodward from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Woodward has an average rating of “Hold” and an average price target of $60.25.
In other Woodward news, Director Mary L. Petrovich sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $58.54, for a total transaction of $480,028.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Fawzy sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $59.30, for a total transaction of $355,800.00. Following the sale, the vice president now owns 9,506 shares of the company’s stock, valued at $563,705.80. The disclosure for this sale can be found here. Corporate insiders own 6.18% of the company’s stock.
Woodward Company Profile
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets.
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