Janney Montgomery Scott LLC Increases Stock Position in Woodward, Inc.Common Stock (NASDAQ:WWD)

Janney Montgomery Scott LLC lifted its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 21.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 41,619 shares of the technology company’s stock after purchasing an additional 7,272 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of Woodward, Inc.Common Stock worth $4,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WWD. FMR LLC lifted its position in shares of Woodward, Inc.Common Stock by 114.4% in the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after purchasing an additional 288,545 shares during the period. Pennsylvania Trust Co raised its stake in shares of Woodward, Inc.Common Stock by 2,358.1% during the 1st quarter. Pennsylvania Trust Co now owns 291,085 shares of the technology company’s stock worth $24,281,000 after acquiring an additional 279,243 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Woodward, Inc.Common Stock by 3,818.0% during the 1st quarter. OppenheimerFunds Inc. now owns 278,804 shares of the technology company’s stock worth $26,455,000 after acquiring an additional 271,688 shares in the last quarter. BlackRock Inc. raised its stake in shares of Woodward, Inc.Common Stock by 3.8% during the 1st quarter. BlackRock Inc. now owns 6,449,780 shares of the technology company’s stock worth $612,019,000 after acquiring an additional 237,595 shares in the last quarter. Finally, FIL Ltd raised its stake in shares of Woodward, Inc.Common Stock by 202.3% during the 1st quarter. FIL Ltd now owns 298,388 shares of the technology company’s stock worth $28,314,000 after acquiring an additional 199,667 shares in the last quarter. 75.18% of the stock is owned by hedge funds and other institutional investors.

NASDAQ WWD opened at $106.80 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.71 and a beta of 1.34. The stock’s 50 day moving average price is $113.18. Woodward, Inc.Common Stock has a 52 week low of $68.40 and a 52 week high of $119.20.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings data on Monday, August 5th. The technology company reported $1.30 EPS 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 firm had revenue of $752.01 million during the quarter, compared to analyst estimates of $699.59 million. During the same quarter in the previous year, the business posted $1.12 EPS. Woodward, Inc.Common Stock’s revenue was up 27.9% on a year-over-year basis. Analysts anticipate that Woodward, Inc.Common Stock will post 4.91 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.162 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.65 dividend on an annualized basis and a yield of 0.61%. Woodward, Inc.Common Stock’s payout ratio is 16.88%.

In other Woodward, Inc.Common Stock news, Director Mary L. Petrovich sold 3,577 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $107.23, for a total transaction of $383,561.71. Following the transaction, the director now owns 6,015 shares in the company, valued at approximately $644,988.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Fawzy sold 8,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $113.50, for a total transaction 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. Insiders have sold a total of 18,777 shares of company stock worth $2,098,712 in the last 90 days. 4.61% of the stock is currently owned by company insiders.

Several research firms recently commented on WWD. BidaskClub lowered shares of Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 27th. ValuEngine lowered shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barrington Research set a $110.00 price objective on shares of Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. William Blair began coverage on shares of Woodward, Inc.Common Stock in a research note on Wednesday, April 17th. They set an “outperform” rating for the company. Finally, Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $103.40.

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

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