Magnus Financial Group LLC purchased a new stake in Woodward, Inc.Common Stock (NASDAQ:WWD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,992 shares of the technology company’s stock, valued at approximately $225,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in shares of Woodward, Inc.Common Stock by 774.2% in the 1st quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock valued at $50,000 after acquiring an additional 480 shares in the last quarter. Pearl River Capital LLC bought a new position in shares of Woodward, Inc.Common Stock in the 1st quarter valued at about $66,000. FNY Investment Advisers LLC bought a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at about $80,000. Meeder Asset Management Inc. bought a new position in shares of Woodward, Inc.Common Stock in the 1st quarter valued at about $94,000. Finally, Manchester Capital Management LLC bought a new position in shares of Woodward, Inc.Common Stock in the 1st quarter valued at about $107,000. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Ronald M. Sega sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total transaction of $750,400.00. Following the completion of the sale, the director now owns 18,975 shares in the company, valued at $2,125,200. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary L. Petrovich sold 3,577 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $107.23, for a total value of $383,561.71. Following the sale, the director now owns 6,015 shares of the company’s stock, valued at approximately $644,988.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,777 shares of company stock valued at $3,163,212. Corporate insiders own 4.61% of the company’s stock.
Woodward, Inc.Common Stock stock traded down $0.88 during midday trading on Tuesday, reaching $105.54. 3,146 shares of the company’s stock were exchanged, compared to its average volume of 399,917. Woodward, Inc.Common Stock has a 52 week low of $68.40 and a 52 week high of $119.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 1.68 and a beta of 1.34. The stock’s 50-day simple moving average is $112.35 and its 200 day simple moving average is $104.52.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.13. Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The business had revenue of $752.01 million during the quarter, compared to analysts’ expectations of $699.59 million. During the same quarter last year, the company posted $1.12 earnings per share. Woodward, Inc.Common Stock’s quarterly revenue was up 27.9% on a year-over-year basis. Research analysts forecast that Woodward, Inc.Common Stock will post 4.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.162 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, August 19th. Woodward, Inc.Common Stock’s dividend payout ratio is presently 16.88%.
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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