Woodward, Inc. (WWD) Stake Increased by Crawford Investment Counsel Inc.
Crawford Investment Counsel Inc. raised its stake in Woodward, Inc. (NASDAQ:WWD) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,120 shares of the technology company’s stock after buying an additional 1,500 shares during the period. Crawford Investment Counsel Inc. owned about 0.08% of Woodward worth $3,387,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of WWD. Teachers Advisors LLC increased its stake in 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 in the last quarter. Capstone Asset Management Co. increased its stake in Woodward by 29.1% in the first quarter. Capstone Asset Management Co. now owns 6,372 shares of the technology company’s stock worth $433,000 after buying an additional 1,437 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Woodward by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the technology company’s stock worth $951,000 after buying an additional 300 shares in the last quarter. Retirement Systems of Alabama increased its stake in Woodward by 65.8% in the first quarter. Retirement Systems of Alabama now owns 118,725 shares of the technology company’s stock worth $8,064,000 after buying an additional 47,103 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Woodward by 5.4% in the first quarter. Janney Montgomery Scott LLC now owns 13,176 shares of the technology company’s stock worth $895,000 after buying an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.
Woodward, Inc. (NASDAQ WWD) opened at 68.97 on Thursday. The company has a 50-day moving average of $69.07 and a 200 day moving average of $68.70. Woodward, Inc. has a 12 month low of $57.09 and a 12 month high of $72.97. The company has a market cap of $4.23 billion, a PE ratio of 21.69 and a beta of 1.21.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The business had revenue of $548.62 million during the quarter, compared to analysts’ expectations of $530.89 million. During the same period in the previous year, the business posted $0.81 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, August 18th. Woodward’s dividend payout ratio is currently 15.77%.
A number of equities analysts have weighed in on WWD shares. Wood & Company reissued a “buy” rating and set a $80.00 price target on shares of Woodward in a research report on Tuesday, July 25th. CL King started coverage on Woodward in a report on Thursday, June 22nd. They set a “buy” rating and a $79.00 price objective for the company. BidaskClub cut Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, CIBC assumed coverage on Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $73.89.
In other news, Director Paul Donovan sold 5,700 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total transaction of $402,135.00. Following the completion of the sale, the director now owns 39,052 shares of the company’s stock, valued at $2,755,118.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John A. Halbrook sold 8,700 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was 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 of the company’s stock, valued at approximately $24,543,480.42. The disclosure for this sale can be found here. 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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