Aperio Group LLC Has $1.74 Million Stake in Woodward, Inc. (WWD)
Aperio Group LLC increased its stake in Woodward, Inc. (NASDAQ:WWD) by 19.4% during the second quarter, Holdings Channel reports. The institutional investor owned 25,667 shares of the technology company’s stock after buying an additional 4,169 shares during the period. Aperio Group LLC’s holdings in Woodward were worth $1,735,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of Woodward during the fourth quarter valued at about $204,000. UBS Asset Management Americas Inc. raised its stake in shares of Woodward by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 215,960 shares of the technology company’s stock valued at $14,911,000 after buying an additional 3,088 shares during the period. Teachers Advisors LLC raised its stake in shares of Woodward by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 93,966 shares of the technology company’s stock valued at $6,488,000 after buying an additional 2,273 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Woodward during the fourth quarter valued at about $224,000. Finally, Capstone Asset Management Co. raised its stake in shares of Woodward by 29.1% in the first quarter. Capstone Asset Management Co. now owns 6,372 shares of the technology company’s stock valued at $433,000 after buying an additional 1,437 shares during the period. Institutional investors and hedge funds own 71.09% of the company’s stock.
Shares of Woodward, Inc. (NASDAQ:WWD) traded down 0.26% during mid-day trading on Thursday, reaching $70.26. 87,061 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $68.97 and a 200 day moving average price of $68.78. Woodward, Inc. has a 52 week low of $57.09 and a 52 week high of $72.97. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 22.09 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, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $548.62 million during 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 firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. Equities research analysts predict that Woodward, Inc. will post $3.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.50 annualized dividend and a yield of 0.71%. Woodward’s dividend payout ratio (DPR) is 15.77%.
Several brokerages recently issued reports on WWD. Wood & Company began coverage on shares of Woodward in a report on Thursday, July 13th. They issued an “outperform” rating and a $82.00 price objective on the stock. BidaskClub lowered shares of Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. began coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective on the stock. CIBC began coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective on the stock. Finally, Cowen and Company restated a “market perform” rating and issued a $62.00 price objective (up from $58.00) on shares of Woodward in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $73.89.
In related news, CFO Robert F. Weber, Jr. sold 7,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 34,053 shares in the company, valued at $2,264,183.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.93% of the company’s stock.
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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