McCollum Christoferson Group LLC decreased its position in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,300 shares of the technology company’s stock after selling 500 shares during the quarter. McCollum Christoferson Group LLC’s holdings in Woodward, Inc.Common Stock were worth $218,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its holdings in Woodward, Inc.Common Stock by 15.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,439 shares of the technology company’s stock worth $682,000 after acquiring an additional 1,100 shares during the last quarter. Morgan Stanley raised its stake in shares of Woodward, Inc.Common Stock by 41.8% during the 3rd quarter. Morgan Stanley now owns 284,692 shares of the technology company’s stock worth $23,020,000 after purchasing an additional 83,893 shares during the period. Arizona State Retirement System raised its stake in shares of Woodward, Inc.Common Stock by 1.2% during the 4th quarter. Arizona State Retirement System now owns 39,909 shares of the technology company’s stock worth $2,965,000 after purchasing an additional 485 shares during the period. Two Sigma Investments LP bought a new stake in shares of Woodward, Inc.Common Stock during the 4th quarter worth $309,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Woodward, Inc.Common Stock by 12.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,718 shares of the technology company’s stock worth $276,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.
Shares of NASDAQ WWD opened at $112.34 on Friday. The stock has a market cap of $6.97 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.77 and a beta of 1.50. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. Woodward, Inc.Common Stock has a 12 month low of $68.40 and a 12 month high of $114.55.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, May 17th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 16.88%.
A number of research firms have recently commented on WWD. BidaskClub cut Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. William Blair began coverage on Woodward, Inc.Common Stock in a research note on Wednesday, April 17th. They set an “outperform” rating on the stock. Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Friday. Finally, Barrington Research set a $110.00 target price on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Woodward, Inc.Common Stock currently has a consensus rating of “Buy” and a consensus target price of $105.00.
In related news, insider Thomas A. Gendron sold 25,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $90.95, for a total transaction of $2,319,225.00. Following the completion of the transaction, the insider now owns 234,890 shares in the company, valued at $21,363,245.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $107.14, for a total value of $2,678,500.00. Following the transaction, the chief financial officer now owns 36,553 shares of the company’s stock, valued at approximately $3,916,288.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,710 shares of company stock valued at $28,167,981. Insiders own 4.61% of the company’s stock.
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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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