Mason Street Advisors LLC Buys Shares of 25,079 Woodward Inc. (WWD)
Mason Street Advisors LLC bought a new position in shares of Woodward Inc. (NASDAQ:WWD) during the second quarter, Holdings Channel reports. The firm bought 25,079 shares of the company’s stock, valued at approximately $1,446,000.
Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Woodward by 1.3% in the second quarter. Vanguard Group Inc. now owns 4,036,349 shares of the company’s stock worth $232,656,000 after buying an additional 50,190 shares during the period. Royce & Associates LP raised its position in shares of Woodward by 1.5% in the second quarter. Royce & Associates LP now owns 1,848,901 shares of the company’s stock worth $106,571,000 after buying an additional 28,100 shares during the period. Royal Bank of Canada raised its position in shares of Woodward by 2.2% in the second quarter. Royal Bank of Canada now owns 817,352 shares of the company’s stock worth $47,112,000 after buying an additional 17,471 shares during the period. Bank of New York Mellon Corp raised its position in shares of Woodward by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 775,108 shares of the company’s stock worth $44,677,000 after buying an additional 88,109 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Woodward by 14.6% in the second quarter. Eagle Asset Management Inc. now owns 762,249 shares of the company’s stock worth $43,936,000 after buying an additional 97,258 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.
Woodward Inc. (NASDAQ:WWD) opened at 60.08 on Tuesday. Woodward Inc. has a 12-month low of $39.68 and a 12-month high of $63.98. The company has a 50-day moving average of $60.76 and a 200 day moving average of $56.60. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 22.90 and a beta of 1.33.
Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, July 20th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.05. The business had revenue of $508 million for the quarter, compared to analyst estimates of $521.70 million. Woodward had a net margin of 8.40% and a return on equity of 15.53%. Woodward’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. Equities analysts expect that Woodward Inc. will post $2.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, November 9th. Woodward’s dividend payout ratio (DPR) is presently 16.73%.
WWD has been the topic of a number of recent research reports. Barrington Research initiated coverage on shares of Woodward in a report on Friday. They set a “market perform” rating on the stock. Jefferies Group reiterated a “hold” rating and set a $59.00 price target (up previously from $54.00) on shares of Woodward in a report on Thursday, June 2nd. Maxim Group lifted their price target on shares of Woodward from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 15th. Finally, Zacks Investment Research lowered shares of Woodward from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Woodward currently has an average rating of “Hold” and a consensus target price of $54.75.
In other news, VP Christopher Fawzy sold 6,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $59.30, for a total value of $355,800.00. Following the transaction, the vice president now owns 9,506 shares of the company’s stock, valued at approximately $563,705.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary L. Petrovich sold 8,200 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $58.54, for a total transaction of $480,028.00. The disclosure for this sale can be found here. 6.18% of the stock is currently owned by insiders.
Woodward Company Profile
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets.
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