Arrowstreet Capital Limited Partnership Has $37.80 Million Position in Woodward, Inc. (WWD)
Arrowstreet Capital Limited Partnership increased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 559,297 shares of the technology company’s stock after purchasing an additional 59,337 shares during the period. Arrowstreet Capital Limited Partnership owned 0.91% of Woodward worth $37,797,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of WWD. Advisor Group Inc. grew its stake in shares of Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after purchasing an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Woodward by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares during the last quarter. Diversified Trust Co purchased a new stake in Woodward in the second quarter valued at $213,000. PNC Financial Services Group Inc. lifted its position in Woodward by 66.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,266 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Woodward in the first quarter valued at $234,000. Hedge funds and other institutional investors own 71.23% of the company’s stock.
WWD has been the subject of a number of research reports. BidaskClub raised shares of Woodward from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 29th. CIBC initiated coverage on shares of Woodward in a research report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target for the company. Wood & Company reissued a “buy” rating and issued a $80.00 price target on shares of Woodward in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. initiated coverage on shares of Woodward in a research report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target for the company. Finally, Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $74.75.
Woodward, Inc. (NASDAQ WWD) traded down 0.243% on Tuesday, reaching $78.878. 11,794 shares of the company traded hands. The company has a market capitalization of $4.84 billion, a P/E ratio of 24.804 and a beta of 1.24. Woodward, Inc. has a 12 month low of $57.09 and a 12 month high of $79.88. The company has a 50-day moving average price of $73.17 and a 200-day moving average price of $69.68.
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, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million for the quarter, compared to the consensus estimate of $530.89 million. Woodward had a net margin of 9.67% and a return on equity of 16.12%. Woodward’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS. Equities research 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 Monday, November 27th. Investors of record on Monday, November 13th will be given a $0.125 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.50 annualized dividend and a yield of 0.63%. Woodward’s dividend payout ratio is presently 15.77%.
In other Woodward news, Director John A. Halbrook sold 8,700 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the sale, the director now directly owns 350,521 shares in the company, valued at approximately $24,543,480.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Halbrook sold 1,800 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $70.60, for a total transaction of $127,080.00. Following the sale, the director now owns 345,721 shares in the company, valued at $24,407,902.60. 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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