Mutual of America Capital Management LLC Lowers Position in Woodward, Inc. (NASDAQ:WWD)

Mutual of America Capital Management LLC decreased its position in shares of Woodward, Inc. (NASDAQ:WWD) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 34,880 shares of the technology company’s stock after selling 1,046 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Woodward worth $6,082,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WWD. Fidelis Capital Partners LLC purchased a new position in shares of Woodward during the first quarter valued at approximately $31,000. AlphaCentric Advisors LLC bought a new stake in Woodward in the second quarter worth $37,000. Mather Group LLC. purchased a new stake in shares of Woodward in the first quarter worth $34,000. Principal Securities Inc. bought a new position in shares of Woodward during the fourth quarter valued at $34,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Woodward in the 1st quarter worth about $46,000. Institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WWD. TD Cowen decreased their target price 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. StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. The Goldman Sachs Group lowered their price target on Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Woodward from a “buy” rating to a “hold” rating and lowered their target price for the company from $197.00 to $158.00 in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.11.

Woodward Trading Up 0.2 %

NASDAQ:WWD opened at $168.04 on Friday. Woodward, Inc. has a one year low of $119.03 and a one year high of $188.35. The business has a fifty day moving average price of $164.67 and a 200-day moving average price of $165.94. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29.

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

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 0.60%. Woodward’s payout ratio is 17.48%.

Woodward Company 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.