Oppenheimer Asset Management Inc. Sells 197 Shares of Woodward, Inc. (NASDAQ:WWD)

Oppenheimer Asset Management Inc. decreased its stake in Woodward, Inc. (NASDAQ:WWD) by 8.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,182 shares of the technology company’s stock after selling 197 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Woodward were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in WWD. Federated Hermes Inc. boosted its holdings in shares of Woodward by 10.3% in the 2nd quarter. Federated Hermes Inc. now owns 134,834 shares of the technology company’s stock worth $23,512,000 after purchasing an additional 12,612 shares in the last quarter. American Century Companies Inc. lifted its position in Woodward by 136.3% in the 2nd quarter. American Century Companies Inc. now owns 68,877 shares of the technology company’s stock worth $12,011,000 after buying an additional 39,732 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Woodward in the second quarter worth approximately $271,000. Gryphon Financial Partners LLC grew its position in Woodward by 19.5% during the second quarter. Gryphon Financial Partners LLC now owns 2,130 shares of the technology company’s stock valued at $372,000 after acquiring an additional 347 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Woodward by 13.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 59,723 shares of the technology company’s stock worth $10,414,000 after acquiring an additional 6,951 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Trading Up 0.2 %

WWD opened at $168.04 on Friday. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.71 and a beta of 1.37. Woodward, Inc. has a one year low of $119.03 and a one year high of $188.35. The business has a 50 day simple moving average of $164.67 and a two-hundred day simple moving average of $166.10. 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 announced its quarterly earnings results on Monday, July 29th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.11. The company had revenue of $847.69 million during the quarter, compared to analyst estimates of $853.29 million. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.37 earnings per share. Analysts predict that Woodward, Inc. will post 5.91 EPS for the current year.

Woodward Dividend Announcement

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. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is currently 17.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group reduced their target price 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. TD Cowen reduced their price objective on Woodward from $200.00 to $186.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and boosted their target price for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lowered Woodward from a “buy” rating to a “hold” rating and reduced their price target for the stock from $197.00 to $158.00 in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded Woodward from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Woodward has an average rating of “Moderate Buy” and a consensus target price of $177.11.

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.