Mutual of America Capital Management LLC Sells 1,942 Shares of Woodward, Inc. (NASDAQ:WWD)

Mutual of America Capital Management LLC cut its stake in Woodward, Inc. (NASDAQ:WWD) by 4.9% in the fourth quarter, according to the company in its most recent Form 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 quarter. Mutual of America Capital Management LLC owned about 0.06% of Woodward worth $5,083,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in Woodward by 79.3% in the fourth quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock worth $27,000 after buying an additional 88 shares during the last quarter. Quarry LP bought a new stake in shares of Woodward during the second quarter worth $28,000. KB Financial Partners LLC bought a new stake in shares of Woodward during the first quarter worth $30,000. BluePath Capital Management LLC bought a new stake in shares of Woodward during the third quarter worth $32,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Woodward during the second quarter worth $71,000. 81.18% of the stock is currently owned by institutional investors.

Woodward Price Performance

WWD opened at $146.53 on Monday. The business’s 50-day moving average is $145.53 and its two-hundred day moving average is $136.93. Woodward, Inc. has a 1 year low of $91.42 and a 1 year high of $160.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.65 and a quick ratio of 1.69. The firm has a market capitalization of $8.84 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.36.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, January 29th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.33. Woodward had a return on equity of 15.26% and a net margin of 9.50%. The company had revenue of $786.73 million for the quarter, compared to analyst estimates of $750.13 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. Research analysts anticipate that Woodward, Inc. will post 5.28 earnings per share for the current fiscal year.

Woodward Increases Dividend

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

Insiders Place Their Bets

In other Woodward news, EVP Christopher Fawzy sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $140.00, for a total value of $1,540,000.00. Following the completion of the sale, the executive vice president now owns 4,836 shares of the company’s stock, valued at $677,040. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Thomas G. Cromwell sold 38,700 shares of Woodward stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $141.98, for a total transaction of $5,494,626.00. Following the completion of the sale, the chief operating officer now owns 11,833 shares of the company’s stock, valued at $1,680,049.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher Fawzy sold 11,000 shares of Woodward stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $140.00, for a total value of $1,540,000.00. Following the sale, the executive vice president now directly owns 4,836 shares of the company’s stock, valued at approximately $677,040. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,200 shares of company stock valued at $7,242,916. 1.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WWD shares. Alembic Global Advisors downgraded Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 target price for the company. in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Woodward from $165.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. StockNews.com lowered Woodward from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Truist Financial raised their price target on Woodward from $136.00 to $143.00 and gave the company a “hold” rating in a research note on Tuesday, January 30th. Finally, UBS Group raised their price target on Woodward from $168.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.89.

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.