5,838 Shares in Woodward, Inc. $WWD Bought by PDT Partners LLC

PDT Partners LLC acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 5,838 shares of the technology company’s stock, valued at approximately $2,484,000.

Several other large investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in Woodward during the second quarter worth about $2,984,684,000. State Street Corp lifted its holdings in shares of Woodward by 3.5% in the third 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 last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 106,390 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Woodward by 45.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company’s stock valued at $322,060,000 after purchasing an additional 334,333 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Woodward by 8.5% during the 4th quarter. Invesco Ltd. now owns 982,448 shares of the technology company’s stock valued at $297,014,000 after purchasing an additional 76,870 shares during the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WWD shares. TD Cowen upped their price objective on shares of Woodward from $390.00 to $420.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Susquehanna assumed coverage on shares of Woodward in a research report on Tuesday, May 26th. They issued a “positive” rating and a $423.00 target price on the stock. Zacks Research cut shares of Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Truist Financial upped their price target on shares of Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, UBS Group increased 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $419.00.

Insider Activity

In related news, EVP Shawn M. Mclevige sold 2,150 shares of Woodward stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $356.82, for a total value of $767,163.00. Following the transaction, the executive vice president directly owned 3,098 shares of the company’s stock, valued at $1,105,428.36. The trade was a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel G. Korte sold 14,700 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 4,434 shares in the company, valued at $1,578,725.70. The trade was a 76.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Woodward Trading Up 1.8%

Shares of NASDAQ WWD opened at $345.91 on Thursday. The firm has a 50 day moving average price of $391.06 and a two-hundred day moving average price of $380.31. The stock has a market cap of $20.43 billion, a P/E ratio of 38.48, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. Woodward, Inc. has a 52-week low of $233.31 and a 52-week high of $450.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.65.

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

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders 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 dividend yield of 0.4%. The ex-dividend date is Thursday, August 20th. Woodward’s payout ratio is 14.24%.

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.