NBT Bank N A NY Buys 1,157 Shares of Woodward, Inc. (NASDAQ:WWD)

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

Several other hedge funds have also recently made changes to their positions in the business. Sowell Financial Services LLC increased its stake in shares of Woodward by 7.2% during the first quarter. Sowell Financial Services LLC now owns 12,479 shares of the technology company's stock valued at $2,277,000 after buying an additional 836 shares during the period. Mission Wealth Management LP purchased a new position in shares of Woodward during the first quarter valued at approximately $610,000. Optas LLC purchased a new position in shares of Woodward during the first quarter valued at approximately $222,000. Handelsbanken Fonder AB purchased a new position in shares of Woodward during the first quarter valued at approximately $3,585,000. Finally, SG Americas Securities LLC increased its stake in shares of Woodward by 129.9% during the first quarter. SG Americas Securities LLC now owns 53,138 shares of the technology company's stock valued at $9,697,000 after buying an additional 30,027 shares during the period. 81.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WWD has been the topic of several research reports. Jefferies Financial Group restated a "buy" rating and set a $245.00 price target (up from $225.00) on shares of Woodward in a research report on Friday, May 23rd. UBS Group boosted their target price on Woodward from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft raised Woodward from a "hold" rating to a "buy" rating and set a $291.00 price target on the stock in a report on Tuesday, June 3rd. Wall Street Zen upgraded Woodward from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Finally, Truist Financial set a $267.00 price objective on Woodward and gave the company a "buy" rating in a research report on Thursday, June 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $222.13.

Insider Activity at Woodward

In other news, EVP Randall Hobbs sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $240.00, for a total value of $120,000.00. Following the completion of the sale, the executive vice president now directly owns 49,827 shares of the company's stock, valued at $11,958,480. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Thomas G. Cromwell sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $186.49, for a total value of $1,864,900.00. Following the completion of the sale, the chief operating officer now directly owns 15,477 shares of the company's stock, valued at $2,886,305.73. The trade was a 39.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,550 shares of company stock valued at $11,542,077. Insiders own 0.82% of the company's stock.

Woodward Price Performance

Shares of NASDAQ:WWD traded down $1.10 during trading on Friday, hitting $237.89. 783,788 shares of the company's stock were exchanged, compared to its average volume of 477,738. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.95 and a quick ratio of 1.30. Woodward, Inc. has a 52-week low of $145.98 and a 52-week high of $241.70. The business's 50-day simple moving average is $205.98 and its 200 day simple moving average is $189.45. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.79 and a beta of 1.24.

Woodward (NASDAQ:WWD - Get Free Report) last released its earnings results on Monday, April 28th. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.25. Woodward had a return on equity of 16.86% and a net margin of 11.36%. The firm had revenue of $883.63 million during the quarter, compared to analysts' expectations of $838.61 million. During the same quarter last year, the business posted $1.62 earnings per share. The firm's revenue was up 5.9% on a year-over-year basis. As a group, equities analysts predict that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Thursday, May 22nd. Woodward's payout ratio is presently 18.09%.

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.