Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 29 Shares of Woodward, Inc. (WWD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,048 shares of the technology company’s stock after selling 29 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Woodward were worth $544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WWD. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares during the last quarter. Diversified Trust Co bought a new position in Woodward during the second quarter valued at approximately $213,000. PNC Financial Services Group Inc. grew its position in Woodward by 66.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,266 shares during the last quarter. World Asset Management Inc grew its position in Woodward by 0.9% during the first quarter. World Asset Management Inc now owns 3,371 shares of the technology company’s stock valued at $229,000 after acquiring an additional 30 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in Woodward during the first quarter valued at approximately $234,000. Institutional investors and hedge funds own 71.23% of the company’s stock.

Woodward, Inc. (WWD) opened at 73.97 on Wednesday. Woodward, Inc. has a one year low of $57.09 and a one year high of $74.11. The company has a market cap of $4.54 billion, a PE ratio of 23.26 and a beta of 1.21. The stock has a 50 day moving average of $69.89 and a 200 day moving average of $68.72.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million for the quarter, compared to the consensus estimate of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, analysts anticipate that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, August 18th. Woodward’s dividend payout ratio is currently 15.77%.

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In other Woodward news, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $70.60, for a total value of $127,080.00. Following the transaction, the director now owns 345,721 shares of the company’s stock, valued at approximately $24,407,902.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $402,135.00. Following the completion of the transaction, the director now directly owns 39,052 shares in the company, valued at approximately $2,755,118.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,200 shares of company stock worth $1,138,389. Corporate insiders own 5.93% of the company’s stock.

A number of research analysts have commented on the stock. CL King assumed coverage on shares of Woodward in a research report on Thursday, June 22nd. They set a “buy” rating and a $79.00 price target on the stock. Oppenheimer Holdings, Inc. started coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price on the stock. BidaskClub upgraded shares of Woodward from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, CIBC started coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $73.89.

Woodward 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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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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