Woodward Inc. (WWD) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas boosted its stake in Woodward Inc. (NASDAQ:WWD) by 13.7% during the second quarter, Holdings Channel reports. The fund owned 7,955 shares of the company’s stock after buying an additional 960 shares during the period. Teacher Retirement System of Texas’ holdings in Woodward were worth $459,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of WWD. Barclays PLC raised its stake in Woodward by 16.7% in the first quarter. Barclays PLC now owns 21,763 shares of the company’s stock valued at $1,132,000 after buying an additional 3,109 shares in the last quarter. Mariner Wealth Advisors LLC acquired a new position in shares of Woodward during the first quarter valued at approximately $201,000. Geode Capital Management LLC increased its position in shares of 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 last quarter. Lazard Asset Management LLC increased its position in shares of Woodward by 4.1% in the first quarter. Lazard Asset Management LLC now owns 404,597 shares of the company’s stock valued at $21,047,000 after buying an additional 15,910 shares during the last quarter. Finally, Palisade Capital Management LLC NJ increased its position in shares of Woodward by 38.5% in the first quarter. Palisade Capital Management LLC NJ now owns 390,584 shares of the company’s stock valued at $20,318,000 after buying an additional 108,662 shares during the last quarter. 75.13% of the stock is owned by institutional investors.
Woodward Inc. (NASDAQ:WWD) traded down 1.63% during midday trading on Friday, hitting $60.98. The company had a trading volume of 27,499 shares. The firm has a market capitalization of $3.75 billion, a P/E ratio of 23.24 and a beta of 1.25. Woodward Inc. has a 1-year low of $41.24 and a 1-year high of $63.98. The company has a 50 day moving average price of $61.65 and a 200 day moving average price of $57.54.
Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.05. The company had revenue of $508 million for the quarter, compared to the consensus estimate of $521.70 million. Woodward had a return on equity of 15.53% and a net margin of 8.40%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. Equities research analysts forecast that Woodward Inc. will post $2.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, November 9th. Woodward’s dividend payout ratio is currently 16.73%.
Several brokerages have recently commented on WWD. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Maxim Group boosted their price objective on Woodward from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 15th. Jefferies Group set a $59.00 price objective on Woodward and gave the company a “hold” rating in a research report on Wednesday, July 20th. Finally, Barrington Research began coverage on Woodward in a research report on Friday, September 16th. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Woodward presently has an average rating of “Hold” and a consensus target price of $60.25.
In related news, VP Christopher Fawzy sold 6,000 shares of Woodward stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $59.30, for a total value of $355,800.00. Following the sale, the vice president now directly owns 9,506 shares in the company, valued at approximately $563,705.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary L. Petrovich sold 8,200 shares of Woodward stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $58.54, for a total value of $480,028.00. The disclosure for this sale can be found here. Company insiders own 6.18% of the company’s stock.
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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