Graybill Bartz & Assoc Ltd. Reduces Stock Position in Woodward, Inc.Common Stock (NASDAQ:WWD)

Graybill Bartz & Assoc Ltd. lessened its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,935 shares of the technology company’s stock after selling 425 shares during the quarter. Woodward, Inc.Common Stock makes up about 2.2% of Graybill Bartz & Assoc Ltd.’s holdings, making the stock its 25th largest position. Graybill Bartz & Assoc Ltd.’s holdings in Woodward, Inc.Common Stock were worth $3,228,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WWD. Invesco Ltd. grew its holdings in shares of Woodward, Inc.Common Stock by 257.5% during the second quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock worth $117,020,000 after purchasing an additional 744,802 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Woodward, Inc.Common Stock by 793.2% during the second quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock worth $85,268,000 after purchasing an additional 669,635 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Woodward, Inc.Common Stock during the second quarter worth about $55,453,000. Nuveen Asset Management LLC purchased a new position in shares of Woodward, Inc.Common Stock during the second quarter worth about $51,503,000. Finally, Morgan Stanley grew its holdings in shares of Woodward, Inc.Common Stock by 349.0% during the second quarter. Morgan Stanley now owns 410,813 shares of the technology company’s stock worth $46,487,000 after purchasing an additional 319,326 shares during the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WWD opened at $107.88 on Friday. Woodward, Inc.Common Stock has a fifty-two week low of $68.40 and a fifty-two week high of $119.20. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. The firm has a 50-day simple moving average of $107.19 and a 200-day simple moving average of $108.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The business had revenue of $752.01 million during the quarter, compared to the consensus estimate of $699.59 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. Equities research analysts forecast that Woodward, Inc.Common Stock will post 4.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.162 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 annualized dividend and a dividend yield of 0.60%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 16.88%.

Several equities analysts have issued reports on the company. BidaskClub lowered Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a report on Thursday. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Monday, August 26th. Barrington Research set a $119.00 price objective on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a report on Monday. Finally, ValuEngine lowered Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $106.75.

In related news, Director Mary L. Petrovich sold 3,577 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $107.23, for a total value of $383,561.71. Following the completion of the sale, the director now owns 6,015 shares in the company, valued at $644,988.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $106.13, for a total transaction of $1,061,300.00. Following the completion of the sale, the insider now owns 36,553 shares of the company’s stock, valued at approximately $3,879,369.89. The disclosure for this sale can be found here. Insiders have sold 33,577 shares of company stock valued at $3,592,562 in the last quarter. Insiders own 4.61% of the company’s stock.

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

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