US Bancorp DE Raises Stake in Woodward, Inc. (NASDAQ:WWD)
US Bancorp DE boosted its position in Woodward, Inc. (NASDAQ:WWD) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,498 shares of the technology company’s stock after buying an additional 196 shares during the period. US Bancorp DE’s holdings in Woodward were worth $1,250,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Legato Capital Management LLC boosted its stake in shares of Woodward by 890.3% in the second quarter. Legato Capital Management LLC now owns 12,200 shares of the technology company’s stock worth $824,000 after buying an additional 10,968 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Woodward by 0.9% in the second quarter. State Treasurer State of Michigan now owns 22,700 shares of the technology company’s stock worth $1,534,000 after buying an additional 200 shares during the period. Aperio Group LLC boosted its stake in shares of Woodward by 19.4% in the second quarter. Aperio Group LLC now owns 25,667 shares of the technology company’s stock worth $1,735,000 after buying an additional 4,169 shares during the period. Diversified Trust Co bought a new stake in shares of Woodward during the second quarter worth approximately $213,000. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Woodward by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the technology company’s stock worth $973,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 71.09% of the company’s stock.
Woodward, Inc. (NASDAQ:WWD) traded up 1.16% during midday trading on Tuesday, hitting $71.55. The stock had a trading volume of 50,491 shares. The firm has a 50 day moving average price of $68.78 and a 200 day moving average price of $68.69. The stock has a market cap of $4.39 billion, a PE ratio of 22.50 and a beta of 1.21. Woodward, Inc. has a one year low of $57.09 and a one year high of $72.97.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The firm had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. During the same period in the previous year, the company posted $0.81 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Woodward, Inc. will post $3.10 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, August 18th. Woodward’s payout ratio is 15.77%.
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A number of equities research analysts have commented on the company. Wood & Company reiterated a “buy” rating and set a $80.00 target price on shares of Woodward in a report on Tuesday, July 25th. BidaskClub cut Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. CIBC assumed coverage on Woodward in a report on Friday, July 14th. They set an “outperform” rating and a $82.00 target price on the stock. Oppenheimer Holdings, Inc. assumed coverage on Woodward in a report on Friday, July 14th. They set an “outperform” rating and a $82.00 target price on the stock. Finally, CL King assumed coverage on Woodward in a report on Thursday, June 22nd. They set a “buy” rating and a $79.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Woodward has a consensus rating of “Hold” and a consensus target price of $73.89.
In other Woodward news, CFO Robert F. Weber, Jr. sold 7,500 shares of Woodward stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $66.49, for a total transaction of $498,675.00. Following the transaction, the chief financial officer now directly owns 34,053 shares in the company, valued at approximately $2,264,183.97. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.93% of the company’s stock.
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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