M&T Bank Corp Sells 1,634 Shares of Woodward, Inc. (NASDAQ:WWD)

M&T Bank Corp lessened its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,100 shares of the technology company’s stock after selling 1,634 shares during the period. M&T Bank Corp’s holdings in Woodward were worth $4,510,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Atria Investments Inc lifted its position in shares of Woodward by 7.0% in the fourth quarter. Atria Investments Inc now owns 3,936 shares of the technology company’s stock valued at $655,000 after acquiring an additional 256 shares in the last quarter. Assetmark Inc. lifted its position in shares of Woodward by 20.8% in the fourth quarter. Assetmark Inc. now owns 401 shares of the technology company’s stock valued at $67,000 after acquiring an additional 69 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Woodward by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,977 shares of the technology company’s stock valued at $83,872,000 after acquiring an additional 3,099 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Woodward by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 8,862 shares of the technology company’s stock valued at $1,475,000 after acquiring an additional 2,176 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Woodward by 4.2% in the fourth quarter. US Bancorp DE now owns 30,623 shares of the technology company’s stock valued at $5,096,000 after acquiring an additional 1,247 shares in the last quarter. Institutional investors own 81.18% of the company’s stock.

Insider Activity

In other news, Director Gregg C. Sengstack sold 4,600 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.00. Following the transaction, the director now owns 17,450 shares of the company’s stock, valued at approximately $3,278,157. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Woodward Trading Down 0.5 %

Shares of NASDAQ WWD opened at $176.35 on Friday. The business’s 50 day moving average is $184.16 and its two-hundred day moving average is $174.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. Woodward, Inc. has a 1-year low of $144.13 and a 1-year high of $201.64. The stock has a market capitalization of $10.47 billion, a P/E ratio of 29.54, a PEG ratio of 2.37 and a beta of 1.40.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.21. Woodward had a return on equity of 16.76% and a net margin of 11.18%. During the same quarter in the previous year, the company earned $1.45 EPS. As a group, research analysts expect that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.28 per share. This is a boost from Woodward’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.64%. Woodward’s dividend payout ratio is currently 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.