NBT Bank N A NY Raises Position in Woodward, Inc. (NASDAQ:WWD)

NBT Bank N A NY raised its position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 572.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,359 shares of the technology company's stock after acquiring an additional 1,157 shares during the quarter. NBT Bank N A NY's holdings in Woodward were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Woodward by 191.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock valued at $30,000 after purchasing an additional 109 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Woodward by 2,314.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock worth $31,000 after purchasing an additional 162 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Woodward during the fourth quarter valued at $61,000. Global Retirement Partners LLC lifted its position in Woodward by 94.2% during the fourth quarter. Global Retirement Partners LLC now owns 371 shares of the technology company's stock valued at $62,000 after buying an additional 180 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Woodward by 20.8% during the 4th quarter. Assetmark Inc. now owns 401 shares of the technology company's stock valued at $67,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company's stock.

Insiders Place Their Bets

In other news, EVP Randall Hobbs sold 500 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $230.00, for a total transaction of $115,000.00. Following the transaction, the executive vice president now directly owns 50,268 shares of the company's stock, valued at $11,561,640. This represents a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas G. Cromwell sold 10,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $186.49, for a total value of $1,864,900.00. Following the completion of the transaction, the chief operating officer now owns 15,477 shares in the company, valued at approximately $2,886,305.73. This trade represents a 39.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,050 shares of company stock valued at $11,422,077. 0.82% of the stock is owned by insiders.

Woodward Trading Up 1.0%

Shares of NASDAQ WWD opened at $238.99 on Thursday. The firm's 50 day moving average price is $203.12 and its 200-day moving average price is $188.61. Woodward, Inc. has a 52-week low of $145.98 and a 52-week high of $240.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.95. The company has a market cap of $14.19 billion, a PE ratio of 38.61, a P/E/G ratio of 2.78 and a beta of 1.24.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.25. Woodward had a net margin of 11.36% and a return on equity of 16.86%. The company had revenue of $883.63 million during the quarter, compared to analyst estimates of $838.61 million. During the same period in the previous year, the business earned $1.62 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.12 annualized dividend and a yield of 0.47%. Woodward's payout ratio is 18.09%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WWD. Wall Street Zen upgraded shares of Woodward from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Woodward from a "hold" rating to a "buy" rating and set a $291.00 price objective on the stock in a report on Tuesday, June 3rd. UBS Group lifted their target price on shares of Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Wells Fargo & Company boosted their price target on Woodward from $175.00 to $193.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Truist Financial set a $267.00 price target on Woodward and gave the stock a "buy" rating in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $222.13.

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.

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