Insight Capital Research & Management Inc. reduced its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 48.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,346 shares of the technology company’s stock after selling 8,894 shares during the period. Insight Capital Research & Management Inc.’s holdings in Woodward were worth $632,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of 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 during the period. Norges Bank bought a new stake in shares of Woodward during the fourth quarter worth approximately $36,373,000. Ardevora Asset Management LLP bought a new stake in shares of Woodward during the second quarter worth approximately $34,344,000. Vanguard Group Inc. boosted its stake 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 worth $310,809,000 after buying an additional 303,863 shares during the period. Finally, AQR Capital Management LLC boosted its stake 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 worth $43,777,000 after buying an additional 243,036 shares during the period. 71.17% of the stock is owned by institutional investors.

Woodward, Inc. (NASDAQ WWD) traded down 0.37% on Wednesday, reaching $72.08. The company’s stock had a trading volume of 28,086 shares. The stock’s 50 day moving average price is $68.67 and its 200 day moving average price is $68.63. The company has a market cap of $4.42 billion, a P/E ratio of 23.01 and a beta of 1.20. Woodward, Inc. has a 12 month low of $57.02 and a 12 month high of $72.60.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.09. Woodward had a return on equity of 16.38% and a net margin of 9.67%. The firm had revenue of $548.62 million during the quarter, compared to the consensus estimate of $530.89 million. During the same period last year, the business posted $0.81 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Woodward, Inc. will post $3.11 earnings per share for the current year.

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A number of equities research analysts recently commented on WWD shares. Cowen and Company reaffirmed a “market perform” rating and set a $62.00 price objective (up from $58.00) on shares of Woodward in a research note on Friday, April 21st. Wood & Company started coverage on Woodward in a research note on Thursday, July 13th. They set an “outperform” rating and a $82.00 price objective for the company. CIBC started coverage on Woodward in a research note on Friday, July 14th. They set an “outperform” rating and a $82.00 price objective for the company. Oppenheimer Holdings, Inc. started coverage on Woodward in a research note on Friday, July 14th. They set an “outperform” rating and a $82.00 price objective for the company. Finally, BidaskClub cut Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $73.89.

In other news, CFO Robert F. Weber, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total value of $498,675.00. Following the completion of the sale, the chief financial officer now directly owns 34,053 shares in the company, valued at approximately $2,264,183.97. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary L. Petrovich bought 7,300 shares of Woodward stock in a transaction dated Thursday, April 27th. The stock was purchased at an average price of $68.35 per share, with a total value of $498,955.00. Following the completion of the purchase, the director now owns 22,204 shares in the company, valued at $1,517,643.40. The disclosure for this purchase can be found here. Company insiders own 5.93% of the company’s stock.

Woodward Company Profile

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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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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