Amalgamated Bank Sells 2,212 Shares of Woodward, Inc. (NASDAQ:WWD)

Amalgamated Bank lowered its position in shares of Woodward, Inc. (NASDAQ:WWD) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,716 shares of the technology company’s stock after selling 2,212 shares during the quarter. Amalgamated Bank owned 0.05% of Woodward worth $5,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in Woodward during the first quarter worth $31,000. Principal Securities Inc. bought a new stake in shares of Woodward during the 4th quarter worth $34,000. Mather Group LLC. bought a new stake in shares of Woodward during the 1st quarter worth $34,000. AlphaCentric Advisors LLC purchased a new position in shares of Woodward in the 2nd quarter worth about $37,000. Finally, Daiwa Securities Group Inc. bought a new position in Woodward during the first quarter valued at about $46,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and increased their target price for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. TD Cowen dropped their price target on Woodward from $200.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. StockNews.com lowered Woodward from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft cut Woodward from a “buy” rating to a “hold” rating and lowered their price objective for the company from $197.00 to $158.00 in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.11.

Woodward Stock Up 0.2 %

WWD opened at $168.04 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $164.67 and its 200 day simple moving average is $165.94. Woodward, Inc. has a 52 week low of $119.03 and a 52 week high of $188.35. The stock has a market cap of $10.03 billion, a PE ratio of 29.38, a P/E/G ratio of 1.71 and a beta of 1.37.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The company had revenue of $847.69 million for the quarter, compared to analysts’ expectations of $853.29 million. During the same period last year, the firm posted $1.37 EPS. Woodward’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts expect that Woodward, Inc. will post 5.91 earnings per share for the current fiscal year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.60%. Woodward’s payout ratio is 17.48%.

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.