Woodward, Inc.Common Stock (WWD) Position Boosted by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 0.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 562,002 shares of the technology company’s stock after purchasing an additional 3,303 shares during the quarter. Bank of America Corp DE’s holdings in Woodward, Inc.Common Stock were worth $43,195,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WWD. Carillon Tower Advisers Inc. boosted its holdings in Woodward, Inc.Common Stock by 53.4% in the 1st quarter. Carillon Tower Advisers Inc. now owns 777,879 shares of the technology company’s stock worth $54,163,000 after buying an additional 270,731 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in Woodward, Inc.Common Stock by 24.7% in the 1st quarter. Champlain Investment Partners LLC now owns 1,227,650 shares of the technology company’s stock worth $87,973,000 after buying an additional 242,845 shares during the last quarter. BlackRock Inc. boosted its holdings in Woodward, Inc.Common Stock by 4.1% in the 2nd quarter. BlackRock Inc. now owns 5,977,566 shares of the technology company’s stock worth $459,435,000 after buying an additional 236,693 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Woodward, Inc.Common Stock by 20.7% in the 1st quarter. Brown Advisory Inc. now owns 991,484 shares of the technology company’s stock worth $71,050,000 after buying an additional 169,751 shares during the last quarter. Finally, Penn Capital Management Co. Inc. acquired a new stake in Woodward, Inc.Common Stock in the 1st quarter worth about $9,530,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

WWD has been the topic of several research analyst reports. ValuEngine cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. BidaskClub upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Barrington Research restated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Friday, July 13th. Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Monday, July 30th. Finally, Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Wednesday, August 1st. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Woodward, Inc.Common Stock has an average rating of “Hold” and an average target price of $80.00.

Shares of Woodward, Inc.Common Stock stock opened at $81.26 on Tuesday. The company has a market cap of $5.02 billion, a PE ratio of 25.72, a P/E/G ratio of 1.74 and a beta of 1.27. Woodward, Inc.Common Stock has a 1-year low of $68.56 and a 1-year high of $89.30. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 2.11.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, July 30th. The technology company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The business had revenue of $588.00 million for the quarter, compared to analysts’ expectations 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’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. analysts expect that Woodward, Inc.Common Stock will post 3.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.1425 per share. This is a boost from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, November 9th. Woodward, Inc.Common Stock’s payout ratio is currently 18.04%.

In other news, Director Mary L. Petrovich sold 3,800 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $79.78, for a total transaction of $303,164.00. Following the sale, the director now owns 25,326 shares of the company’s stock, valued at approximately $2,020,508.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James R. Rulseh sold 4,112 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $79.09, for a total transaction of $325,218.08. Following the sale, the director now directly owns 10,000 shares in the company, valued at approximately $790,900. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,724 shares of company stock worth $3,091,922. Insiders own 6.17% of the company’s stock.

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

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