Metropolitan Life Insurance Co. NY lifted its holdings in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,289 shares of the technology company‚Äôs stock after buying an additional 1,178 shares during the period. Metropolitan Life Insurance Co. NY owned about 0.05% of Woodward, Inc.Common Stock worth $2,482,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of WWD. Fisher Asset Management LLC acquired a new position in Woodward, Inc.Common Stock in the 1st quarter worth about $217,000. GAM Holding AG grew its position in shares of Woodward, Inc.Common Stock by 24.0% in the 2nd quarter. GAM Holding AG now owns 3,851 shares of the technology company‚Äôs stock valued at $296,000 after buying an additional 746 shares during the last quarter. Oakbrook Investments LLC bought a new stake in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at about $323,000. Diversified Trust Co grew its position in shares of Woodward, Inc.Common Stock by 48.3% in the 1st quarter. Diversified Trust Co now owns 4,300 shares of the technology company‚Äôs stock valued at $308,000 after buying an additional 1,400 shares during the last quarter. Finally, ING Groep NV bought a new stake in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at about $455,000. 74.08% of the stock is owned by institutional investors.
Several brokerages recently commented on WWD. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a ‚Äúsell‚ÄĚ rating to a ‚Äúhold‚ÄĚ rating in a research report on Friday, October 5th. Barrington Research restated a ‚Äúhold‚ÄĚ rating on shares of Woodward, Inc.Common Stock in a research report on Wednesday, August 1st. BidaskClub lowered Woodward, Inc.Common Stock from a ‚Äústrong-buy‚ÄĚ rating to a ‚Äúbuy‚ÄĚ rating in a research report on Saturday, August 4th. Wood & Company reiterated a ‚Äúbuy‚ÄĚ rating and issued a $99.00 price target on shares of Woodward, Inc.Common Stock in a report on Wednesday, September 26th. Finally, ValuEngine upgraded Woodward, Inc.Common Stock from a ‚Äúhold‚ÄĚ rating to a ‚Äúbuy‚ÄĚ rating in a report on Thursday, July 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Woodward, Inc.Common Stock has an average rating of ‚ÄúHold‚ÄĚ and an average price target of $82.38.Shares of Woodward, Inc.Common Stock stock traded down $2.45 during trading hours on Wednesday, reaching $75.00. The company had a trading volume of 403,800 shares, compared to its average volume of 363,512. Woodward, Inc.Common Stock has a one year low of $68.56 and a one year high of $89.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.11 and a quick ratio of 1.01. The firm has a market capitalization of $4.99 billion, a P/E ratio of 24.11, a PEG ratio of 1.73 and a beta of 1.25.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings results on Monday, July 30th. The technology company reported $1.12 EPS for the quarter, topping the Zacks‚Äô consensus estimate of $1.00 by $0.12. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $578.51 million. Woodward, Inc.Common Stock had a return on equity of 15.40% and a net margin of 7.59%. The business‚Äôs revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Sell-side analysts expect that Woodward, Inc.Common Stock will post 3.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.1425 per share. This is an increase from Woodward, Inc.Common Stock‚Äôs previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.57 dividend on an annualized basis and a yield of 0.76%. Woodward, Inc.Common Stock‚Äôs dividend payout ratio (DPR) is presently 18.04%.
In other news, VP Christopher Fawzy sold 6,000 shares of Woodward, Inc.Common Stock stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $80.55, for a total value of $483,300.00. Following the transaction, the vice president now owns 9,506 shares in the company, valued at $765,708.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert F. Weber, Jr. sold 9,135 shares of Woodward, Inc.Common Stock stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $80.09, for a total value of $731,622.15. Following the completion of the transaction, the chief financial officer now owns 35,688 shares in the company, valued at approximately $2,858,251.92. The disclosure for this sale can be found here. Insiders have sold 38,724 shares of company stock worth $3,091,922 in the last 90 days. Company insiders own 6.17% of the company‚Äôs stock.
Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.
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