Woodward, Inc. $WWD Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in Woodward, Inc. (NASDAQ:WWD) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,881 shares of the technology company’s stock after selling 1,320 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Woodward worth $12,127,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Woodward by 3.5% in the 3rd quarter. State Street Corp now owns 2,388,758 shares of the technology company’s stock worth $603,663,000 after acquiring an additional 80,538 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Woodward by 7.7% in the fourth 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 in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Woodward by 45.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company’s stock worth $322,060,000 after acquiring an additional 334,333 shares during the period. Invesco Ltd. raised its holdings in Woodward by 8.5% during the fourth quarter. Invesco Ltd. now owns 982,448 shares of the technology company’s stock worth $297,014,000 after purchasing an additional 76,870 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Woodward by 12.5% during the first quarter. Sei Investments Co. now owns 904,404 shares of the technology company’s stock worth $323,705,000 after purchasing an additional 100,465 shares in the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Woodward

In other Woodward news, EVP Karrie M. Bem sold 185 shares of Woodward stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $355.00, for a total transaction of $65,675.00. Following the completion of the transaction, the executive vice president owned 3,648 shares in the company, valued at approximately $1,295,040. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel G. Korte sold 14,700 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the completion of the sale, the director directly owned 4,434 shares in the company, valued at $1,578,725.70. This trade represents a 76.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,629 shares of company stock worth $5,570,005. 0.71% of the stock is owned by corporate insiders.

Woodward Stock Performance

Shares of WWD stock opened at $419.00 on Monday. The stock has a fifty day moving average price of $392.11 and a 200 day moving average price of $375.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. The stock has a market cap of $24.97 billion, a PE ratio of 50.18, a P/E/G ratio of 2.50 and a beta of 0.86. Woodward, Inc. has a 1 year low of $233.31 and a 1 year high of $450.92.

Woodward (NASDAQ:WWD) last posted its earnings results 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 company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $1.69 earnings per share. Woodward’s revenue was up 23.4% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. Sell-side analysts forecast that Woodward, Inc. will post 9.34 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.3%. Woodward’s payout ratio is currently 15.33%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $470.00 price objective on shares of Woodward in a report on Friday, May 1st. Wall Street Zen cut Woodward from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Wells Fargo & Company initiated coverage on Woodward in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $440.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a report on Friday, July 17th. Finally, Zacks Research upgraded Woodward from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $395.50.

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.