Diversify Wealth Management LLC purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,504 shares of the technology company’s stock, valued at approximately $904,000.
A number of other large investors also recently modified their holdings of WWD. Geode Capital Management LLC raised its stake in shares of Woodward by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company’s stock valued at $451,093,000 after acquiring an additional 106,390 shares during the period. Arbejdsmarkedets Tillaegspension purchased a new stake in Woodward during the 4th quarter worth $24,436,000. Natixis Advisors LLC boosted its position in Woodward by 15.4% during the 4th quarter. Natixis Advisors LLC now owns 169,174 shares of the technology company’s stock worth $51,145,000 after purchasing an additional 22,555 shares during the period. SG Americas Securities LLC boosted its position in Woodward by 487.6% during the 4th quarter. SG Americas Securities LLC now owns 18,663 shares of the technology company’s stock worth $5,642,000 after purchasing an additional 15,487 shares during the period. Finally, Aubrey Capital Management Ltd acquired a new stake in Woodward in the 4th quarter valued at $2,812,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $470.00 price objective on shares of Woodward in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. Wall Street Zen lowered Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. TD Cowen raised their target price on Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a report on Monday. Finally, Royal Bank Of Canada started coverage on Woodward in a research report on Thursday, April 16th. They set an “outperform” rating and a $450.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Woodward currently has an average rating of “Moderate Buy” and an average price target of $395.50.
Insider Buying and Selling
In other news, Director Daniel G. Korte sold 14,700 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $356.05, for a total value of $5,233,935.00. Following the completion of the sale, the director directly owned 4,434 shares in the company, valued at approximately $1,578,725.70. The trade was a 76.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Karrie M. Bem sold 185 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $355.00, for a total value of $65,675.00. Following the sale, the executive vice president directly owned 3,648 shares in the company, 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. Insiders sold a total of 15,629 shares of company stock valued at $5,570,005 over the last quarter. Company insiders own 0.71% of the company’s stock.
Woodward Stock Performance
Shares of WWD stock opened at $394.12 on Friday. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 2.40 and a beta of 0.86. Woodward, Inc. has a one year low of $233.31 and a one year high of $450.92. The company’s 50-day simple moving average is $387.43 and its 200-day simple moving average is $371.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73.
Woodward (NASDAQ:WWD – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.27 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.69 earnings per share. Woodward’s quarterly revenue was up 23.4% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. Equities analysts anticipate that Woodward, Inc. will post 9.34 earnings per share for the current fiscal year.
Woodward Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.32 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.3%. Woodward’s dividend payout ratio (DPR) is presently 15.33%.
Woodward 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.
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