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

NBT Bank N A NY bought a new position in Woodward, Inc. (NASDAQ:WWD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 202 shares of the technology company’s stock, valued at approximately $34,000.

Several other hedge funds also recently made changes to their positions in WWD. True Wealth Design LLC acquired a new stake in shares of Woodward in the third quarter valued at about $28,000. Berbice Capital Management LLC acquired a new stake in shares of Woodward in the fourth quarter valued at about $33,000. Mather Group LLC. lifted its stake in shares of Woodward by 44.8% in the fourth quarter. Mather Group LLC. now owns 278 shares of the technology company’s stock valued at $46,000 after purchasing an additional 86 shares during the period. R Squared Ltd acquired a new stake in shares of Woodward in the fourth quarter valued at about $57,000. Finally, UMB Bank n.a. lifted its stake in shares of Woodward by 52.0% in the fourth quarter. UMB Bank n.a. now owns 374 shares of the technology company’s stock valued at $62,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Insider Activity at Woodward

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

Analyst Upgrades and Downgrades

WWD has been the subject of several recent research reports. UBS Group raised their target price on shares of Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Barclays raised their target price on shares of Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their target price on shares of Woodward from $193.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Finally, Truist Financial raised their target price on shares of Woodward from $226.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Woodward has a consensus rating of “Moderate Buy” and a consensus target price of $197.38.

Woodward Stock Performance

Shares of NASDAQ WWD opened at $177.93 on Wednesday. The company has a market cap of $10.56 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. 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 50-day simple moving average of $184.39 and a 200-day simple moving average of $174.71.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 EPS 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 prior year, the firm earned $1.45 earnings per share. On average, equities analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Increases Dividend

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

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.