Mutual of America Capital Management LLC Has $5.25 Million Holdings in Woodward, Inc. (NASDAQ:WWD)

Mutual of America Capital Management LLC lessened its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,514 shares of the technology company’s stock after selling 730 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Woodward worth $5,245,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new position in Woodward during the third quarter worth approximately $28,000. Berbice Capital Management LLC acquired a new position in Woodward during the fourth quarter worth approximately $33,000. Capital Performance Advisors LLP acquired a new position in Woodward during the third quarter worth approximately $41,000. Mather Group LLC. increased its position 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 last quarter. Finally, R Squared Ltd acquired a new position in Woodward during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Down 2.5 %

Shares of WWD stock opened at $184.33 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.94 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.40. The stock has a 50 day simple moving average of $183.37 and a 200 day simple moving average of $173.77. Woodward, Inc. has a 1 year low of $142.71 and a 1 year high of $201.64.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.21. Woodward had a return on equity of 16.76% and a net margin of 11.18%. During the same period in the previous year, the company earned $1.45 earnings per share. On average, 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 will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Woodward’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.61%. Woodward’s dividend payout ratio is presently 18.76%.

Insiders Place Their Bets

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $181.85, for a total transaction of $1,818,500.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,093,275.35. This represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

WWD has been the topic of several research reports. Barclays upped their target price on Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company upped their target price on Woodward from $193.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. UBS Group upped their target price on Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Truist Financial upped their target price on Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $197.38.

About Woodward

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.