Inceptionr LLC bought a new position in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm bought 1,246 shares of the technology company’s stock, valued at approximately $446,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in WWD. Geode Capital Management LLC lifted its holdings in Woodward by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company’s stock worth $451,093,000 after purchasing an additional 106,390 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in Woodward during the 4th quarter worth $24,436,000. Natixis Advisors LLC increased its stake in shares of Woodward by 15.4% in the fourth 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. Wealth Enhancement Trust Services Inc. bought a new position in Woodward in the 4th quarter worth approximately $1,164,000. Finally, SG Americas Securities LLC increased its position in Woodward by 487.6% in the 4th quarter. SG Americas Securities LLC now owns 18,663 shares of the technology company’s stock worth $5,642,000 after buying an additional 15,487 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.
Insider Activity at Woodward
In related news, Director Daniel G. Korte sold 14,700 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 4,434 shares of the company’s stock, valued at approximately $1,578,725.70. This trade represents a 76.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karrie M. Bem sold 185 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total value of $65,675.00. Following the sale, the executive vice president owned 3,648 shares in the company, valued at $1,295,040. The trade was a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,629 shares of company stock worth $5,570,005 in the last 90 days. Company insiders own 0.71% of the company’s stock.
Woodward Price Performance
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, topping the consensus estimate of $2.10 by $0.17. The firm had revenue of $1.09 billion during 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 company’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 EPS. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. On average, equities research analysts forecast that Woodward, Inc. will post 9.34 EPS for the current year.
Woodward Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward’s dividend payout ratio (DPR) is currently 15.33%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on WWD shares. Royal Bank Of Canada started coverage on Woodward in a research report on Thursday, April 16th. They issued an “outperform” rating and a $450.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a report on Friday, July 17th. UBS Group boosted their price target on Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Cowen lifted their price target on shares of Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a report on Monday, July 13th. Finally, Zacks Research upgraded shares of Woodward from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $395.50.
View Our Latest Research Report on WWD
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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