Parametric Portfolio Associates LLC Lowers Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Parametric Portfolio Associates LLC lowered its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 1.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 137,732 shares of the technology company’s stock after selling 1,340 shares during the period. Parametric Portfolio Associates LLC’s holdings in Woodward were worth $16,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Red Door Wealth Management LLC purchased a new stake in Woodward in the 2nd quarter valued at approximately $28,000. Strategic Blueprint LLC purchased a new stake in Woodward in the 2nd quarter valued at approximately $36,000. Maverick Capital Ltd. purchased a new stake in Woodward in the 2nd quarter valued at approximately $89,000. Van ECK Associates Corp boosted its holdings in Woodward by 120.3% in the 2nd quarter. Van ECK Associates Corp now owns 727 shares of the technology company’s stock valued at $89,000 after purchasing an additional 397 shares in the last quarter. Finally, Parisi Gray Wealth Management purchased a new stake in Woodward in the 2nd quarter valued at approximately $93,000. 79.27% of the stock is currently owned by institutional investors.

Shares of Woodward stock opened at $114.79 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.24 and a quick ratio of 2.98. Woodward, Inc. has a 1 year low of $103.02 and a 1 year high of $130.75. The company has a market capitalization of $7.30 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.15 and a beta of 1.66. The business has a 50 day moving average price of $115.67 and a 200 day moving average price of $119.02.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Thursday, November 18th. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). The company had revenue of $570.00 million for the quarter, compared to analyst estimates of $596.76 million. Woodward had a return on equity of 9.86% and a net margin of 9.79%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, research analysts expect that Woodward, Inc. will post 3.3 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 15th will be issued a $0.1625 dividend. The ex-dividend date is Friday, November 12th. This is an increase from Woodward’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 0.57%. Woodward’s payout ratio is 19.64%.

In other Woodward news, insider Terence J. Voskuil sold 2,100 shares of the business’s stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $22.04, for a total value of $46,284.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.81% of the company’s stock.

A number of research firms have recently issued reports on WWD. Barclays reduced their price target on shares of Woodward from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday. The Goldman Sachs Group downgraded shares of Woodward from a “neutral” rating to a “sell” rating and set a $102.00 price target for the company. in a research report on Thursday, September 23rd. Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating and set a $121.00 price target for the company in a research report on Monday, October 11th. Finally, Credit Suisse Group reduced their price target on shares of Woodward from $151.00 to $138.00 and set an “outperform” rating for the company in a research report on Tuesday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Woodward has a consensus rating of “Hold” and a consensus price target of $121.71.

Woodward Profile

Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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