Sequoia Financial Advisors LLC Grows Stock Position in Woodward, Inc. $WWD

Sequoia Financial Advisors LLC increased its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 25.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,680 shares of the technology company’s stock after acquiring an additional 5,148 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Woodward were worth $10,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bard Associates Inc. purchased a new stake in Woodward during the 2nd quarter valued at $28,000. Washington Trust Advisors Inc. purchased a new stake in shares of Woodward during the second quarter worth about $33,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Woodward in the fourth quarter worth about $35,000. Elevation Wealth Partners LLC increased its holdings in Woodward by 550.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock valued at $39,000 after purchasing an additional 77 shares during the period. Finally, Parallel Advisors LLC raised its position in Woodward by 82.5% during the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $41,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Insider Activity at Woodward

In other news, EVP Shawn McLevige sold 2,150 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $356.82, for a total transaction of $767,163.00. Following the completion of the transaction, the executive vice president owned 3,098 shares in the company, valued at $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.71% of the stock is owned by company insiders.

Woodward Stock Performance

NASDAQ WWD opened at $332.76 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. Woodward, Inc. has a twelve month low of $233.31 and a twelve month high of $450.92. The business has a 50-day moving average price of $371.89 and a 200-day moving average price of $376.64. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%.The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 EPS. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, equities research analysts predict that Woodward, Inc. will post 9.46 EPS for the current fiscal year.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 20th. Woodward’s dividend payout ratio is 14.24%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WWD. Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada cut their target price on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research report on Friday, July 17th. Truist Financial increased their price objective on Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Susquehanna initiated coverage on shares of Woodward in a report on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and a consensus price target of $419.00.

Woodward Profile

Woodward, Inc (NASDAQ: WWD) designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage fuel, air, combustion, motion, actuation and electrical power in engines, turbines and other energy-conversion systems.

In aerospace, Woodward supplies systems and components for commercial aircraft, business aviation, military aircraft, helicopters and space applications. Its offerings include fuel metering and engine control systems, air-management products, actuators, electric power systems and other controls used in propulsion and aircraft subsystems.

Woodward also serves industrial customers with controls for power generation, gas and diesel engines, renewable-energy equipment, industrial turbines and other applications.