Pendal Group Ltd trimmed its stake in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 30.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,186 shares of the technology company’s stock after selling 7,434 shares during the period. Pendal Group Ltd’s holdings in Woodward, Inc.Common Stock were worth $1,945,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of WWD. Quadrant Capital Group LLC boosted its position in Woodward, Inc.Common Stock by 774.2% during the first quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock worth $50,000 after purchasing an additional 480 shares in the last quarter. Pearl River Capital LLC purchased a new position in Woodward, Inc.Common Stock during the first quarter worth approximately $66,000. FNY Investment Advisers LLC purchased a new position in Woodward, Inc.Common Stock during the second quarter worth approximately $80,000. Meeder Asset Management Inc. purchased a new position in Woodward, Inc.Common Stock during the first quarter worth approximately $94,000. Finally, Manchester Capital Management LLC purchased a new position in Woodward, Inc.Common Stock during the first quarter worth approximately $107,000. 75.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ WWD traded up $0.90 during midday trading on Thursday, hitting $105.02. The stock had a trading volume of 44,728 shares, compared to its average volume of 410,482. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $119.20. The firm has a market capitalization of $6.52 billion, a P/E ratio of 27.28, a PEG ratio of 1.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.02 and a quick ratio of 1.19. The company’s 50 day simple moving average is $113.04.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a dividend of $0.162 per share. The ex-dividend date is Monday, August 19th. This represents a $0.65 dividend on an annualized basis and a yield of 0.62%. Woodward, Inc.Common Stock’s payout ratio is 16.88%.
WWD has been the topic of several research reports. William Blair initiated coverage on Woodward, Inc.Common Stock in a research report on Wednesday, April 17th. They issued an “outperform” rating on the stock. Barrington Research set a $110.00 target price on Woodward, Inc.Common Stock and gave the company a “buy” rating in a research report on Tuesday, April 23rd. ValuEngine downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $103.40.
In related news, Director Ronald M. Sega sold 6,700 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total transaction of $750,400.00. Following the transaction, the director now owns 18,975 shares in the company, valued at $2,125,200. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher Fawzy sold 8,500 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $113.50, for a total value of $964,750.00. Following the transaction, the vice president now owns 12,006 shares in the company, valued at approximately $1,362,681. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,777 shares of company stock worth $2,098,712. 4.61% of the stock is currently owned by company insiders.
Woodward, Inc.Common Stock Profile
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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