Mutual of America Capital Management LLC Reduces Position in Woodward, Inc. (NASDAQ:WWD)

Mutual of America Capital Management LLC lessened its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,926 shares of the technology company’s stock after selling 1,412 shares during the period. Mutual of America Capital Management LLC’s holdings in Woodward were worth $5,537,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WWD. Venturi Wealth Management LLC lifted its stake in Woodward by 34.7% during the 1st quarter. Venturi Wealth Management LLC now owns 268 shares of the technology company’s stock valued at $41,000 after acquiring an additional 69 shares during the period. Yousif Capital Management LLC lifted its stake in Woodward by 0.3% during the 4th quarter. Yousif Capital Management LLC now owns 28,230 shares of the technology company’s stock valued at $3,843,000 after acquiring an additional 76 shares during the period. CWM LLC lifted its stake in Woodward by 22.8% during the 4th quarter. CWM LLC now owns 491 shares of the technology company’s stock valued at $67,000 after acquiring an additional 91 shares during the period. Fifth Third Bancorp lifted its stake in Woodward by 0.3% during the 1st quarter. Fifth Third Bancorp now owns 28,741 shares of the technology company’s stock valued at $4,430,000 after acquiring an additional 93 shares during the period. Finally, State of Michigan Retirement System lifted its stake in Woodward by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 14,510 shares of the technology company’s stock valued at $1,975,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WWD shares. Barclays boosted their target price on shares of Woodward from $140.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Woodward from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Truist Financial boosted their target price on shares of Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Wells Fargo & Company boosted their target price on shares of Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Finally, The Goldman Sachs Group upped their price objective on shares of Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.38.

Insider Buying and Selling at Woodward

In other news, Director Gregg C. Sengstack sold 6,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the sale, the director now owns 17,450 shares of the company’s stock, valued at $2,914,324.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is currently owned by corporate insiders.

Woodward Price Performance

Shares of Woodward stock traded up $0.73 during trading hours on Tuesday, reaching $173.57. 73,356 shares of the company’s stock were exchanged, compared to its average volume of 402,883. Woodward, Inc. has a 1 year low of $117.20 and a 1 year high of $188.35. The company has a market capitalization of $10.57 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37. The business has a fifty day moving average of $179.14 and a two-hundred day moving average of $155.62. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.28.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, April 29th. The technology company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The company had revenue of $835.34 million for the quarter, compared to analysts’ expectations of $807.04 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. Woodward’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, research analysts predict that Woodward, Inc. will post 5.88 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be given a $0.25 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Woodward’s payout ratio is currently 17.48%.

Woodward 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.