Renaissance Technologies LLC Cuts Holdings in Woodward, Inc.Common Stock (NASDAQ:WWD)

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Renaissance Technologies LLC decreased its position in Woodward, Inc.Common Stock (NASDAQ:WWD) by 54.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,400 shares of the technology company’s stock after selling 6,484 shares during the period. Renaissance Technologies LLC’s holdings in Woodward, Inc.Common Stock were worth $611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WWD. JPMorgan Chase & Co. increased its holdings in Woodward, Inc.Common Stock by 793.2% in the second quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock valued at $85,268,000 after buying an additional 669,635 shares in the last quarter. FMR LLC grew its position in shares of Woodward, Inc.Common Stock by 114.4% in the first quarter. FMR LLC now owns 540,692 shares of the technology company’s stock valued at $51,306,000 after purchasing an additional 288,545 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Woodward, Inc.Common Stock by 872.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 192,874 shares of the technology company’s stock valued at $21,826,000 after purchasing an additional 173,037 shares during the period. Associated Banc Corp grew its position in shares of Woodward, Inc.Common Stock by 211.3% in the second quarter. Associated Banc Corp now owns 91,723 shares of the technology company’s stock valued at $10,379,000 after purchasing an additional 62,259 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Woodward, Inc.Common Stock in the second quarter valued at about $5,814,000. 73.58% of the stock is owned by institutional investors.

Several analysts have recently issued reports on WWD shares. ValuEngine lowered shares of Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Wood & Company reiterated a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, August 26th. SunTrust Banks reiterated a “hold” rating and issued a $110.00 target price (down previously from $118.00) on shares of Woodward, Inc.Common Stock in a research report on Friday, June 14th. BidaskClub lowered shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Barrington Research set a $119.00 target price on shares of Woodward, Inc.Common Stock and gave the company a “buy” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Woodward, Inc.Common Stock currently has a consensus rating of “Hold” and a consensus price target of $106.75.

In related news, Director Mary L. Petrovich sold 3,577 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $107.23, for a total transaction of $383,561.71. Following the transaction, the director now directly owns 6,015 shares in the company, valued at $644,988.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $108.32, for a total transaction of $1,083,200.00. Following the transaction, the chief financial officer now owns 36,553 shares in the company, valued at $3,959,420.96. The disclosure for this sale can be found here. Insiders have sold 33,577 shares of company stock worth $3,592,562 over the last 90 days. 4.61% of the stock is currently owned by company insiders.

Shares of NASDAQ WWD opened at $107.25 on Friday. The company’s 50-day simple moving average is $106.83 and its 200-day simple moving average is $107.86. Woodward, Inc.Common Stock has a 52-week low of $68.40 and a 52-week high of $119.20. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.59.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.13. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The business had revenue of $752.01 million for the quarter, compared to analyst estimates of $699.59 million. During the same quarter last year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. Equities research analysts anticipate that Woodward, Inc.Common Stock will post 4.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.162 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 0.60%. Woodward, Inc.Common Stock’s 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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Institutional Ownership by Quarter for Woodward, Inc.Common Stock (NASDAQ:WWD)

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