Oppenheimer Asset Management Inc. Has $380,000 Stock Position in Woodward, Inc. (NASDAQ:WWD)

Oppenheimer Asset Management Inc. lessened its position in Woodward, Inc. (NASDAQ:WWD) by 8.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,182 shares of the technology company’s stock after selling 197 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Woodward were worth $380,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of WWD. Principal Securities Inc. acquired a new position in shares of Woodward during the fourth quarter valued at about $34,000. Norges Bank acquired a new position in Woodward during the 4th quarter valued at about $84,157,000. Quest Partners LLC bought a new stake in Woodward during the 4th quarter worth approximately $181,000. Johnson Financial Group Inc. purchased a new stake in shares of Woodward in the fourth quarter worth approximately $84,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Woodward by 5.2% in the fourth quarter. Hsbc Holdings PLC now owns 10,093 shares of the technology company’s stock valued at $1,375,000 after purchasing an additional 498 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

WWD has been the subject of a number of analyst reports. StockNews.com lowered Woodward from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Truist Financial upgraded 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 report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft downgraded Woodward from a “buy” rating to a “hold” rating and reduced their price objective for the company from $197.00 to $158.00 in a research note on Wednesday, July 31st. The Goldman Sachs Group cut their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, TD Cowen decreased their price objective on shares of Woodward from $200.00 to $186.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.11.

Woodward Trading Up 0.2 %

Shares of WWD opened at $168.04 on Friday. Woodward, Inc. has a twelve month low of $119.03 and a twelve month high of $188.35. The stock has a market cap of $10.23 billion, a PE ratio of 29.38, a P/E/G ratio of 1.71 and a beta of 1.37. 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 50-day moving average price is $164.67 and its 200-day moving average price is $166.10.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The business had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. During the same quarter in the prior year, the firm posted $1.37 EPS. Woodward’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Woodward, Inc. will post 5.91 EPS for the current fiscal year.

Woodward Announces Dividend

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