Woodward, Inc. (NASDAQ:WWD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Woodward, Inc. (NASDAQ:WWD) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,338 shares of the technology company’s stock after selling 1,942 shares during the period. Mutual of America Capital Management LLC’s holdings in Woodward were worth $5,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Toth Financial Advisory Corp purchased a new position in shares of Woodward in the 4th quarter valued at about $301,000. Sequoia Financial Advisors LLC purchased a new position in shares of Woodward in the 4th quarter valued at about $1,849,000. International Assets Investment Management LLC increased its holdings in shares of Woodward by 63,881.1% in the 4th quarter. International Assets Investment Management LLC now owns 60,782 shares of the technology company’s stock valued at $8,274,000 after acquiring an additional 60,687 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Woodward by 4.0% in the 4th quarter. Arizona State Retirement System now owns 16,890 shares of the technology company’s stock valued at $2,299,000 after acquiring an additional 651 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Woodward by 79.3% in the 4th quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WWD shares. Truist Financial increased their price objective on Woodward from $136.00 to $143.00 and gave the company a “hold” rating in a report on Tuesday, January 30th. UBS Group raised their price target on Woodward from $168.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft raised their price target on Woodward from $165.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Barclays raised their price target on Woodward from $134.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company raised their price target on Woodward from $151.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $152.89.

Insider Activity

In other news, COO Thomas G. Cromwell sold 38,700 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $141.98, for a total value of $5,494,626.00. Following the completion of the sale, the chief operating officer now directly owns 11,833 shares of the company’s stock, valued at approximately $1,680,049.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John D. Cohn sold 1,500 shares of Woodward stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $138.86, for a total transaction of $208,290.00. Following the completion of the transaction, the director now directly owns 20,531 shares of the company’s stock, valued at $2,850,934.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Thomas G. Cromwell sold 38,700 shares of Woodward stock in a transaction on Friday, March 1st. The stock was sold at an average price of $141.98, for a total value of $5,494,626.00. Following the transaction, the chief operating officer now directly owns 11,833 shares of the company’s stock, valued at $1,680,049.34. The disclosure for this sale can be found here. Insiders sold 51,200 shares of company stock valued at $7,242,916 in the last three months. 1.12% of the stock is currently owned by company insiders.

Woodward Stock Down 1.7 %

Woodward stock opened at $146.53 on Monday. Woodward, Inc. has a twelve month low of $91.42 and a twelve month high of $160.79. The stock has a 50 day moving average of $145.53 and a two-hundred day moving average of $136.93. The company has a current ratio of 2.65, a quick ratio of 1.69 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.78 and a beta of 1.36.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, January 29th. The technology company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The company had revenue of $786.73 million during the quarter, compared to analysts’ expectations of $750.13 million. Woodward had a return on equity of 15.26% and a net margin of 9.50%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. As a group, research analysts expect that Woodward, Inc. will post 5.28 earnings per share for the current year.

Woodward Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.25 dividend. This is a boost from Woodward’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, February 16th. Woodward’s dividend payout ratio (DPR) is currently 21.10%.

Woodward Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The 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.