Woodward, Inc. (NASDAQ:WWD) Stake Cut by LaFleur & Godfrey LLC
LaFleur & Godfrey LLC decreased its position in Woodward, Inc. (NASDAQ:WWD) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 99,734 shares of the technology company’s stock after selling 163 shares during the period. Woodward comprises 1.8% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 23rd largest position. LaFleur & Godfrey LLC’s holdings in Woodward were worth $6,740,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of WWD. Quadrature Capital Ltd bought a new position in Woodward during the fourth quarter worth $204,000. UBS Asset Management Americas Inc. increased its position in Woodward by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 215,960 shares of the technology company’s stock worth $14,911,000 after buying an additional 3,088 shares in the last quarter. Teachers Advisors LLC increased its position in Woodward by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 93,966 shares of the technology company’s stock worth $6,488,000 after buying an additional 2,273 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Woodward during the fourth quarter worth $224,000. Finally, Capstone Asset Management Co. increased its position in Woodward by 29.1% in the first quarter. Capstone Asset Management Co. now owns 6,372 shares of the technology company’s stock worth $433,000 after buying an additional 1,437 shares in the last quarter. 71.09% of the stock is currently owned by institutional investors.
Shares of Woodward, Inc. (WWD) opened at 69.47 on Friday. The company’s 50-day moving average is $69.06 and its 200-day moving average is $68.81. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 21.85 and a beta of 1.21. Woodward, Inc. has a 12-month low of $57.09 and a 12-month high of $72.97.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data 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 net margin of 9.67% and a return on equity of 16.12%. The business had revenue of $548.62 million during the quarter, compared to analysts’ expectations of $530.89 million. During the same period in the previous year, the company earned $0.81 earnings per share. Woodward’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, August 18th. Woodward’s payout ratio is 15.77%.
WWD has been the topic of a number of recent analyst reports. Cowen and Company reaffirmed a “market perform” rating and set a $62.00 price target (up previously from $58.00) on shares of Woodward in a research note on Friday, April 21st. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. CL King initiated coverage on shares of Woodward in a research report on Thursday, June 22nd. They issued a “buy” rating and a $79.00 price objective for the company. Finally, Wood & Company initiated coverage on shares of Woodward in a research report on Thursday, July 13th. They issued an “outperform” rating and a $82.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $73.89.
In related news, CFO Robert F. Weber, Jr. sold 7,500 shares of the business’s stock in a transaction 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 owns 34,053 shares of the company’s stock, valued at $2,264,183.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Donovan sold 5,700 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $70.55, for a total transaction of $402,135.00. Following the transaction, the director now directly owns 39,052 shares in the company, valued at approximately $2,755,118.60. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by insiders.
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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