Truvestments Capital LLC acquired a new position in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,000 shares of the technology company’s stock, valued at approximately $307,000.

Other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new stake in shares of Woodward, Inc.Common Stock during the first quarter worth $217,000. Jane Street Group LLC bought a new position in Woodward, Inc.Common Stock in the second quarter valued at about $283,000. GAM Holding AG boosted its holdings in Woodward, Inc.Common Stock by 24.0% in the second quarter. GAM Holding AG now owns 3,851 shares of the technology company’s stock valued at $296,000 after acquiring an additional 746 shares during the last quarter. Diversified Trust Co boosted its holdings in Woodward, Inc.Common Stock by 48.3% in the first quarter. Diversified Trust Co now owns 4,300 shares of the technology company’s stock valued at $308,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Oakbrook Investments LLC bought a new position in Woodward, Inc.Common Stock in the second quarter valued at about $323,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Woodward, Inc.Common Stock stock traded down $1.30 during midday trading on Friday, reaching $72.20. The stock had a trading volume of 367,700 shares, compared to its average volume of 363,749. Woodward, Inc.Common Stock has a 1-year low of $68.56 and a 1-year high of $89.30. The firm has a market cap of $4.99 billion, a PE ratio of 22.85, a P/E/G ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 2.11.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its earnings results on Monday, July 30th. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.12. The business had revenue of $588.00 million for the quarter, compared to analyst estimates of $578.51 million. Woodward, Inc.Common Stock had a return on equity of 15.40% and a net margin of 7.59%. Woodward, Inc.Common Stock’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. As a group, equities research analysts predict that Woodward, Inc.Common Stock will post 3.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.79%. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, November 9th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is currently 18.04%.

In other news, VP Christopher Fawzy sold 6,000 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $80.55, for a total transaction of $483,300.00. Following the completion of the transaction, the vice president now directly owns 9,506 shares in the company, valued at approximately $765,708.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary L. Petrovich sold 3,800 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $79.78, for a total value of $303,164.00. Following the transaction, the director now owns 25,326 shares of the company’s stock, valued at $2,020,508.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,724 shares of company stock valued at $3,091,922. Corporate insiders own 6.17% of the company’s stock.

WWD has been the topic of several recent research reports. ValuEngine cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Wood & Company restated a “buy” rating and set a $99.00 target price on shares of Woodward, Inc.Common Stock in a report on Wednesday, September 26th. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Barrington Research restated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Wednesday, August 1st. Finally, BidaskClub cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Woodward, Inc.Common Stock has a consensus rating of “Hold” and a consensus price target of $82.38.

Woodward, Inc.Common Stock Profile

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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

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