Wilmington Savings Fund Society FSB Has $3.54 Million Position in Woodward, Inc. $WWD

Wilmington Savings Fund Society FSB cut its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,448 shares of the technology company’s stock after selling 229 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Woodward were worth $3,541,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Woodward by 189.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after acquiring an additional 112 shares in the last quarter. TCTC Holdings LLC lifted its stake in Woodward by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after acquiring an additional 98 shares in the last quarter. Virtus Advisers LLC bought a new position in Woodward during the 1st quarter valued at $38,000. MassMutual Private Wealth & Trust FSB lifted its stake in Woodward by 32.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock valued at $54,000 after acquiring an additional 54 shares in the last quarter. Finally, Berbice Capital Management LLC lifted its stake in Woodward by 50.0% during the 1st quarter. Berbice Capital Management LLC now owns 300 shares of the technology company’s stock valued at $55,000 after acquiring an additional 100 shares in the last quarter. 81.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Woodward news, Director John D. Cohn sold 1,750 shares of Woodward stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the completion of the transaction, the director owned 20,963 shares of the company’s stock, valued at $5,121,680.16. The trade was a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is owned by insiders.

Woodward Stock Up 0.7%

WWD stock opened at $255.34 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 2.04 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $15.31 billion, a PE ratio of 40.40, a PEG ratio of 2.49 and a beta of 1.26. Woodward, Inc. has a twelve month low of $146.82 and a twelve month high of $267.45. The stock has a 50-day simple moving average of $246.61 and a two-hundred day simple moving average of $227.47.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $915.45 million during the quarter, compared to analyst estimates of $884.98 million. Woodward had a return on equity of 16.57% and a net margin of 11.32%.The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, equities analysts predict that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 20th. Woodward’s payout ratio is presently 17.72%.

Analysts Set New Price Targets

Several equities analysts have weighed in on WWD shares. Alembic Global Advisors upgraded Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 price objective on the stock in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on Woodward from $229.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Wolfe Research set a $300.00 target price on Woodward and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Finally, UBS Group lifted their target price on Woodward from $283.00 to $299.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $268.67.

Woodward Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.