Woodward, Inc.Common Stock (NASDAQ:WWD) Shares Sold by State Treasurer State of Michigan
State Treasurer State of Michigan lowered its holdings in Woodward, Inc.Common Stock (NASDAQ:WWD) by 17.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,500 shares of the technology company’s stock after selling 3,400 shares during the period. State Treasurer State of Michigan’s holdings in Woodward, Inc.Common Stock were worth $1,867,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in shares of Woodward, Inc.Common Stock by 774.2% in the first quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock worth $50,000 after buying an additional 480 shares during the period. Pearl River Capital LLC acquired a new position in shares of Woodward, Inc.Common Stock in the first quarter worth about $66,000. FNY Investment Advisers LLC acquired a new position in shares of Woodward, Inc.Common Stock in the second quarter worth about $80,000. Meeder Asset Management Inc. acquired a new position in shares of Woodward, Inc.Common Stock in the first quarter worth about $94,000. Finally, Manchester Capital Management LLC acquired a new position in shares of Woodward, Inc.Common Stock in the first quarter worth about $107,000. 75.18% of the stock is currently owned by institutional investors.
Shares of WWD stock traded up $2.00 during trading on Tuesday, hitting $108.77. 36,375 shares of the company were exchanged, compared to its average volume of 415,299. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.02 and a quick ratio of 1.19. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. The business’s 50-day moving average is $113.28. Woodward, Inc.Common Stock has a twelve month low of $68.40 and a twelve month high of $119.20.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be issued a dividend of $0.162 per share. This represents a $0.65 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, August 19th. Woodward, Inc.Common Stock’s dividend payout ratio is currently 16.88%.
Several research analysts have commented on WWD shares. Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, May 7th. ValuEngine cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub cut shares of Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 27th. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Friday, May 3rd. Finally, William Blair started coverage on shares of Woodward, Inc.Common Stock in a report on Wednesday, April 17th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $103.40.
In other Woodward, Inc.Common Stock news, Director Ronald M. Sega sold 6,700 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $112.00, for a total value of $750,400.00. Following the completion of the sale, the director now directly owns 18,975 shares in the company, valued at $2,125,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad Robert Preiss sold 12,500 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $109.53, for a total transaction of $1,369,125.00. Following the completion of the sale, the insider now owns 29,627 shares of the company’s stock, valued at $3,245,045.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,700 shares of company stock valued at $3,084,275. 4.61% of the stock is currently owned by corporate insiders.
About Woodward, Inc.Common Stock
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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