NBT Bank N A NY Makes New $34,000 Investment in Woodward, Inc. (NASDAQ:WWD)

NBT Bank N A NY acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD) in the 4th quarter, HoldingsChannel reports. The fund acquired 202 shares of the technology company’s stock, valued at approximately $34,000.

Several other institutional investors also recently bought and sold shares of WWD. True Wealth Design LLC purchased a new stake in Woodward during the third quarter worth approximately $28,000. Berbice Capital Management LLC purchased a new stake in Woodward during the fourth quarter worth approximately $33,000. Mather Group LLC. grew its stake in Woodward by 44.8% during the fourth quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock worth $46,000 after buying an additional 86 shares during the period. R Squared Ltd purchased a new stake in Woodward during the fourth quarter worth approximately $57,000. Finally, UMB Bank n.a. grew its stake in Woodward by 52.0% during the fourth quarter. UMB Bank n.a. now owns 374 shares of the technology company’s stock worth $62,000 after buying an additional 128 shares during the period. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Woodward Trading Up 2.7 %

NASDAQ WWD opened at $177.93 on Wednesday. Woodward, Inc. has a 12 month low of $144.13 and a 12 month high of $201.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. The company’s fifty day moving average price is $184.39 and its two-hundred day moving average price is $174.71.

Woodward (NASDAQ:WWD) last issued its earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.21. Woodward had a net margin of 11.18% and a return on equity of 16.76%. During the same quarter in the previous year, the business earned $1.45 EPS. As a group, research analysts predict that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. This is a boost from Woodward’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 20th. Woodward’s dividend payout ratio is 18.76%.

Insiders Place Their Bets

In other Woodward news, Director Gregg C. Sengstack sold 4,600 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $187.86, for a total transaction of $864,156.00. Following the sale, the director now directly owns 17,450 shares of the company’s stock, valued at approximately $3,278,157. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WWD. Barclays upped their target price on shares of Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Truist Financial upped their target price on shares of Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. UBS Group upped their target price on shares of Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company upped their target price on shares of Woodward from $193.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $197.38.

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.