Woodward, Inc. (WWD) Shares Sold by Arrowpoint Asset Management LLC
Arrowpoint Asset Management LLC decreased its stake in Woodward, Inc. (NASDAQ:WWD) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 489,550 shares of the company’s stock after selling 13,660 shares during the period. Arrowpoint Asset Management LLC owned 0.80% of Woodward worth $33,803,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. BlackRock Fund Advisors boosted its position in shares of Woodward by 5.9% in the third quarter. BlackRock Fund Advisors now owns 2,856,606 shares of the company’s stock worth $178,481,000 after buying an additional 159,254 shares in the last quarter. Royce & Associates LP boosted 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 in the last quarter. Northern Trust Corp boosted its position in shares of Woodward by 3.1% in the third quarter. Northern Trust Corp now owns 1,114,424 shares of the company’s stock worth $69,630,000 after buying an additional 33,465 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of Woodward by 22.3% in the third quarter. Eagle Asset Management Inc. now owns 932,276 shares of the company’s stock worth $58,248,000 after buying an additional 170,027 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in shares of Woodward by 9.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 890,622 shares of the company’s stock worth $61,497,000 after buying an additional 74,048 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Woodward, Inc. (NASDAQ:WWD) traded down 0.26% during midday trading on Thursday, hitting $70.21. 108,186 shares of the company’s stock traded hands. The company has a 50 day moving average price of $69.32 and a 200 day moving average price of $64.53. Woodward, Inc. has a 1-year low of $45.31 and a 1-year high of $71.46. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 22.04 and a beta of 1.21.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, January 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.23. Woodward had a net margin of 9.97% and a return on equity of 17.11%. The company had revenue of $443 million for the quarter, compared to the consensus estimate of $450.95 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that Woodward, Inc. will post $3.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 6th. Stockholders of record on Monday, February 20th will be given a dividend of $0.125 per share. This is a positive change from Woodward’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 15th. Woodward’s payout ratio is 13.84%.
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WWD has been the topic of several analyst reports. Zacks Investment Research lowered shares of Woodward from a “hold” rating to a “sell” rating in a research note on Thursday, December 15th. SunTrust Banks, Inc. initiated coverage on shares of Woodward in a research note on Thursday, January 19th. They issued a “hold” rating and a $69.00 price target on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $62.00 price target (up previously from $59.00) on shares of Woodward in a research note on Friday, November 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $67.00.
In other Woodward news, CFO Robert F. Weber, Jr. sold 17,308 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $66.79, for a total value of $1,156,001.32. Following the transaction, the chief financial officer now directly owns 45,553 shares in the company, valued at $3,042,484.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert F. Weber, Jr. sold 1,692 shares of the business’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $67.55, for a total transaction of $114,294.60. Following the completion of the transaction, the chief financial officer now owns 26,553 shares in the company, valued at $1,793,655.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,100 shares of company stock worth $5,499,022. 5.93% of the stock is owned by company insiders.
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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