Kelly Lawrence W & Associates Inc. CA Buys New Shares in Woodward, Inc. $WWD

Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD) during the second quarter, HoldingsChannel.com reports. The fund purchased 15,239 shares of the technology company’s stock, valued at approximately $6,483,000. Woodward accounts for 1.4% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 24th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Bard Associates Inc. acquired a new stake in shares of Woodward during the 2nd quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new stake in Woodward during the fourth quarter valued at about $35,000. Elevation Wealth Partners LLC increased its stake in Woodward by 550.0% during the second quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock worth $39,000 after acquiring an additional 77 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Woodward by 82.5% in the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $41,000 after purchasing an additional 52 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Woodward in the 4th quarter worth about $61,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Insider Transactions at Woodward

In related news, EVP Shawn M. Mclevige sold 2,150 shares of the business’s stock in a transaction dated 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 owned 3,098 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Also, Director Daniel G. Korte sold 14,700 shares of the 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 completion of the transaction, the director directly owned 4,434 shares of the company’s stock, valued at $1,578,725.70. This represents a 76.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.71% of the stock is currently owned by insiders.

Woodward Trading Down 2.9%

NASDAQ WWD opened at $333.15 on Tuesday. The stock has a market cap of $19.67 billion, a P/E ratio of 37.06, a PEG ratio of 2.01 and a beta of 0.88. The company’s fifty day simple moving average is $394.47 and its 200-day simple moving average is $380.76. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Woodward, Inc. has a 52 week low of $233.31 and a 52 week high of $450.92.

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

Woodward Announces Dividend

The firm 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward’s payout ratio is presently 14.24%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Susquehanna started coverage on Woodward in a report on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price for the company. Zacks Research lowered shares of Woodward from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $470.00 price target on shares of Woodward in a research report on Friday, May 1st. TD Cowen increased 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. Finally, Truist Financial raised their target price on shares of Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $419.00.

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.