Woodward, Inc. $WWD Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in shares of Woodward, Inc. (NASDAQ:WWD) by 26.5% in the 4th quarter, Holdings Channel reports. The fund owned 10,060 shares of the technology company’s stock after selling 3,618 shares during the period. Hsbc Holdings PLC’s holdings in Woodward were worth $3,043,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Ameriflex Group Inc. bought a new stake in Woodward in the 3rd quarter valued at about $26,000. Aster Capital Management DIFC Ltd bought a new position in Woodward in the 4th quarter worth about $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Woodward in the fourth quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Woodward in the fourth quarter valued at approximately $61,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Woodward by 131.1% during the fourth quarter. Global Retirement Partners LLC now owns 282 shares of the technology company’s stock valued at $85,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Price Performance

NASDAQ WWD opened at $431.62 on Monday. Woodward, Inc. has a 12 month low of $233.31 and a 12 month high of $450.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 1.19. The firm has a market capitalization of $25.72 billion, a PE ratio of 51.69, a P/E/G ratio of 2.57 and a beta of 0.89. The company’s 50 day simple moving average is $377.07 and its 200 day simple moving average is $360.67.

Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.10 by $0.17. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.69 earnings per share. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. As a group, equities research analysts forecast that Woodward, Inc. will post 9.34 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward’s payout ratio is currently 15.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WWD. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. Wall Street Zen downgraded Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group boosted their price target on Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Susquehanna started coverage on Woodward in a research note on Tuesday, May 26th. They issued a “positive” rating and a $423.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Woodward in a report on Wednesday, April 1st. They set an “overweight” rating and a $440.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $393.00.

Insider Activity

In related news, Director Daniel G. Korte sold 14,700 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $356.05, for a total value of $5,233,935.00. Following the sale, the director directly owned 4,434 shares in the company, valued at $1,578,725.70. The trade was a 76.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Karrie M. Bem sold 185 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $355.00, for a total transaction of $65,675.00. Following the sale, the executive vice president directly owned 3,648 shares of the company’s stock, valued at approximately $1,295,040. This represents a 4.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,629 shares of company stock worth $5,570,005. 0.71% of the stock is owned by company insiders.

Woodward Company Profile

Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.

Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.