Amalgamated Bank Sells 1,144 Shares of Woodward, Inc. (NASDAQ:WWD)

Amalgamated Bank trimmed its position in shares of Woodward, Inc. (NASDAQ:WWDGet Rating) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,041 shares of the technology company’s stock after selling 1,144 shares during the period. Amalgamated Bank owned approximately 0.07% of Woodward worth $5,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WWD. Raymond James Financial Services Advisors Inc. grew its stake in shares of Woodward by 6.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,618 shares of the technology company’s stock valued at $287,000 after purchasing an additional 164 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Woodward by 13.9% in the 4th quarter. BNP Paribas Arbitrage SA now owns 9,938 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 1,214 shares during the period. HighTower Advisors LLC grew its stake in shares of Woodward by 24.4% in the 4th quarter. HighTower Advisors LLC now owns 4,257 shares of the technology company’s stock valued at $461,000 after purchasing an additional 834 shares during the period. Citigroup Inc. grew its position in Woodward by 4.6% during the 4th quarter. Citigroup Inc. now owns 10,116 shares of the technology company’s stock worth $1,107,000 after acquiring an additional 447 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Woodward by 2.3% during the 4th quarter. Bank of Montreal Can now owns 52,258 shares of the technology company’s stock worth $5,745,000 after acquiring an additional 1,168 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Woodward news, Director Mary L. Petrovich sold 5,100 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $102.19, for a total transaction of $521,169.00. Following the completion of the transaction, the director now owns 6,395 shares in the company, valued at approximately $653,505.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Mary L. Petrovich sold 5,100 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $102.19, for a total value of $521,169.00. Following the completion of the transaction, the director now owns 6,395 shares in the company, valued at approximately $653,505.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark D. Hartman sold 5,300 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $92.21, for a total value of $488,713.00. Following the completion of the transaction, the chief financial officer now owns 2,585 shares of the company’s stock, valued at approximately $238,362.85. The disclosure for this sale can be found here. In the last 90 days, insiders bought 17,100 shares of company stock worth $1,622,371. Corporate insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price target on Woodward from $117.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 price objective on shares of Woodward in a report on Wednesday, September 14th. Finally, Truist Financial downgraded Woodward from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $121.00 to $88.00 in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Woodward currently has an average rating of “Hold” and a consensus price target of $107.86.

Woodward Stock Performance

WWD stock opened at $91.10 on Tuesday. The business’s fifty day moving average is $96.61 and its 200-day moving average is $103.60. The company has a quick ratio of 1.77, a current ratio of 2.95 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.48 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49. Woodward, Inc. has a twelve month low of $87.43 and a twelve month high of $129.12.

Woodward (NASDAQ:WWDGet Rating) last posted its quarterly earnings results on Monday, August 1st. The technology company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.27). The company had revenue of $614.33 million during the quarter, compared to analyst estimates of $625.04 million. Woodward had a net margin of 7.24% and a return on equity of 8.38%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. Equities research analysts forecast that Woodward, Inc. will post 2.65 EPS for the current year.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, August 12th. Woodward’s dividend payout ratio (DPR) is presently 29.12%.

Woodward Profile

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Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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