LMR Partners LLP Takes Position in Woodward Inc. (WWD)
LMR Partners LLP bought a new position in shares of Woodward Inc. (NASDAQ:WWD) during the second quarter, Holdings Channel reports. The fund bought 8,403 shares of the company’s stock, valued at approximately $484,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GW&K Investment Management LLC raised its position in Woodward by 12.0% in the second quarter. GW&K Investment Management LLC now owns 66,251 shares of the company’s stock valued at $3,819,000 after buying an additional 7,123 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Woodward by 25,278.4% in the second quarter. BNP Paribas Arbitrage SA now owns 24,617 shares of the company’s stock worth $1,419,000 after buying an additional 24,520 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Woodward by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,631 shares of the company’s stock worth $1,021,000 after buying an additional 98 shares during the last quarter. Barclays PLC raised its stake in shares of Woodward by 16.7% in the first quarter. Barclays PLC now owns 21,763 shares of the company’s stock worth $1,132,000 after buying an additional 3,109 shares during the last quarter. Finally, Mariner Wealth Advisors LLC acquired a new stake in shares of Woodward during the first quarter worth about $201,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.
Woodward Inc. (NASDAQ:WWD) traded up 0.29% during trading on Wednesday, reaching $59.36. The company had a trading volume of 210,824 shares. The stock has a market cap of $3.65 billion, a P/E ratio of 22.62 and a beta of 1.25. Woodward Inc. has a 12-month low of $41.24 and a 12-month high of $63.98. The firm has a 50-day moving average price of $61.52 and a 200 day moving average price of $57.75.
Woodward (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. Woodward had a net margin of 8.40% and a return on equity of 15.53%. The business had revenue of $508 million for the quarter, compared to analysts’ expectations of $521.70 million. During the same period in the prior year, the firm earned $0.66 earnings per share. Woodward’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that Woodward Inc. will post $2.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. Woodward’s dividend payout ratio (DPR) is currently 16.73%.
A number of brokerages have recently issued reports on WWD. Zacks Investment Research lowered Woodward from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Barrington Research began coverage on Woodward in a research report on Friday, September 16th. They set a “market perform” rating on the stock. Maxim Group lifted their target price on Woodward from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 15th. Finally, Jefferies Group set a $59.00 target price on Woodward and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Woodward currently has a consensus rating of “Hold” and an average target price of $60.25.
In other news, Director Mary L. Petrovich sold 8,200 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Christopher Fawzy sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $59.30, for a total transaction of $355,800.00. Following the sale, the vice president now directly owns 9,506 shares in the company, valued at $563,705.80. The disclosure for this sale can be found here. 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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