Fiduciary Management Inc. WI Continues to Hold Position in Woodward, Inc. (WWD)
Fiduciary Management Inc. WI maintained its position in shares of Woodward, Inc. (NASDAQ:WWD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,402,285 shares of the technology company’s stock at the close of the 2nd quarter. Fiduciary Management Inc. WI owned 2.29% of Woodward worth $94,766,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Woodward by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock worth $148,000 after purchasing an additional 190 shares during the last quarter. Diversified Trust Co purchased a new stake in Woodward during the 2nd quarter worth approximately $213,000. PNC Financial Services Group Inc. grew its position in Woodward by 66.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock worth $217,000 after purchasing an additional 1,266 shares during the last quarter. World Asset Management Inc grew its position in Woodward by 0.9% during the 1st quarter. World Asset Management Inc now owns 3,371 shares of the technology company’s stock worth $229,000 after purchasing an additional 30 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Woodward during the 1st quarter worth approximately $234,000. 71.27% of the stock is currently owned by institutional investors.
Woodward, Inc. (NASDAQ:WWD) traded up 0.33% during mid-day trading on Friday, hitting $72.60. 557,465 shares of the stock traded hands. Woodward, Inc. has a 12-month low of $57.09 and a 12-month high of $73.00. The company has a 50 day moving average of $69.68 and a 200-day moving average of $68.71. The stock has a market cap of $4.45 billion, a PE ratio of 22.83 and a beta of 1.21.
Woodward (NASDAQ:WWD) last announced its earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $548.62 million for the quarter, compared to analyst estimates of $530.89 million. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. Equities research analysts forecast that Woodward, Inc. will post $3.10 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 0.69%. Woodward’s dividend payout ratio (DPR) is 15.77%.
Several research firms have weighed in on WWD. CL King began coverage on shares of Woodward in a research report on Thursday, June 22nd. They set a “buy” rating and a $79.00 target price on the stock. Oppenheimer Holdings, Inc. began coverage on shares of Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 target price on the stock. BidaskClub raised shares of Woodward from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, CIBC began coverage on shares of Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $73.89.
In related news, Director John A. Halbrook sold 1,800 shares of Woodward stock in a transaction on Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the transaction, the director now directly owns 345,721 shares in the company, valued at approximately $24,407,902.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John A. Halbrook sold 8,700 shares of Woodward stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the completion of the transaction, the director now owns 350,521 shares in the company, valued at $24,543,480.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,200 shares of company stock worth $1,138,389. 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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