Daniel Korte Sells 14,700 Shares of Woodward (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) Director Daniel Korte sold 14,700 shares of the business’s stock in a transaction dated 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 transaction, the director owned 4,434 shares in the company, valued at approximately $1,578,725.70. This represents a 76.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Woodward Trading Up 0.6%

NASDAQ:WWD traded up $2.05 during mid-day trading on Monday, reaching $359.79. 662,950 shares of the company’s stock traded hands, compared to its average volume of 691,498. Woodward, Inc. has a 12-month low of $227.00 and a 12-month high of $407.00. The company has a 50 day moving average price of $366.95 and a 200-day moving average price of $347.47. 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 $21.44 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 2.13 and a beta of 0.89.

Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.17. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $1.69 EPS. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. On average, sell-side analysts predict that Woodward, Inc. will post 9.34 earnings per share for the current year.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, May 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. Woodward’s dividend payout ratio is 15.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WWD. Truist Financial boosted their price target on Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $470.00 price target on shares of Woodward in a research report on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $450.00 price target on shares of Woodward in a research report on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $393.00.

Hedge Funds Weigh In On Woodward

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WWD. Norges Bank bought a new position in Woodward in the 4th quarter valued at approximately $251,365,000. Artisan Partners Limited Partnership bought a new position in Woodward in the 3rd quarter valued at approximately $184,721,000. Invesco Ltd. lifted its position in Woodward by 122.0% in the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock valued at $228,849,000 after acquiring an additional 497,722 shares in the last quarter. Findlay Park Partners LLP lifted its position in Woodward by 136.2% in the 4th quarter. Findlay Park Partners LLP now owns 686,200 shares of the technology company’s stock valued at $207,452,000 after acquiring an additional 395,726 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Woodward by 1,086.9% during the 3rd quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock valued at $83,524,000 after buying an additional 302,666 shares during the period. 81.18% of the stock is owned by institutional investors.

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.