Comerica Bank reduced its holdings in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,749 shares of the technology company’s stock after selling 1,282 shares during the quarter. Comerica Bank owned approximately 0.07% of Woodward, Inc.Common Stock worth $3,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC bought a new position in shares of Woodward, Inc.Common Stock during the 1st quarter worth approximately $217,000. Zions Bancorporation bought a new position in shares of Woodward, Inc.Common Stock during the 1st quarter worth approximately $262,000. Diversified Trust Co grew its stake in shares of Woodward, Inc.Common Stock by 48.3% during the 1st quarter. Diversified Trust Co now owns 4,300 shares of the technology company’s stock worth $308,000 after acquiring an additional 1,400 shares in the last quarter. Oakbrook Investments LLC bought a new position in shares of Woodward, Inc.Common Stock during the 2nd quarter worth approximately $323,000. Finally, First Foundation Advisors bought a new position in shares of Woodward, Inc.Common Stock during the 1st quarter worth approximately $456,000. 73.50% of the stock is owned by institutional investors.

In other Woodward, Inc.Common Stock news, Director Paul Donovan sold 11,400 shares of the firm’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $76.32, for a total transaction of $870,048.00. Following the completion of the sale, the director now owns 49,734 shares of the company’s stock, valued at approximately $3,795,698.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad Robert Preiss sold 7,000 shares of the firm’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $76.22, for a total value of $533,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 43,212 shares of company stock valued at $3,383,828 in the last ninety days. Insiders own 6.17% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Friday, April 20th. Wood & Company reissued a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, April 24th. Credit Suisse Group decreased their target price on shares of Woodward, Inc.Common Stock from $81.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, April 24th. BidaskClub cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, ValuEngine raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $80.00.

Shares of Woodward, Inc.Common Stock stock opened at $80.10 on Friday. Woodward, Inc.Common Stock has a 1 year low of $65.76 and a 1 year high of $89.30. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.71 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.11 and a quick ratio of 1.01.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings results on Monday, July 30th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.12. Woodward, Inc.Common Stock had a return on equity of 15.40% and a net margin of 7.59%. The business had revenue of $588.00 million during the quarter, compared to the consensus estimate of $578.51 million. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. sell-side analysts forecast that Woodward, Inc.Common Stock will post 3.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st will be issued a dividend of $0.142 per share. This represents a $0.57 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Monday, August 20th. Woodward, Inc.Common Stock’s dividend payout ratio is 18.04%.

Woodward, Inc.Common Stock Profile

Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the Aerospace and Industrial segments. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, combustion and motion control.

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Institutional Ownership by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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