Crossmark Global Holdings Inc. acquired a new position in Woodward, Inc. (NASDAQ:WWD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,385 shares of the technology company’s stock, valued at approximately $496,000.
Other institutional investors have also bought and sold shares of the company. Advisor Group Inc. grew its position in Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after buying an additional 147 shares in the last quarter. 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 worth $148,000 after buying an additional 190 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after buying an additional 171 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in Woodward during the third quarter worth about $222,000. Finally, HighTower Advisors LLC acquired a new stake in Woodward during the first quarter worth about $234,000. Institutional investors and hedge funds own 71.53% of the company’s stock.
In related news, Director John A. Halbrook sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the completion of the transaction, the director now owns 345,721 shares in the company, valued at approximately $24,407,902.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary L. Petrovich sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The disclosure for this sale can be found here. 5.93% of the stock is owned by insiders.
Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $606.79 million for the quarter, compared to the consensus estimate of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. Woodward’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. research analysts anticipate that Woodward, Inc. will post 3.4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s payout ratio is currently 15.82%.
WWD has been the topic of a number of recent research reports. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Wood & Company downgraded Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. BidaskClub raised Woodward from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. SunTrust Banks, Inc. lifted their price objective on Woodward to $77.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and set a $82.00 price objective on shares of Woodward in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $77.71.
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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