Woodward, Inc. $WWD Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in Woodward, Inc. (NASDAQ:WWD) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,580 shares of the technology company’s stock after selling 1,935 shares during the period. Voya Investment Management LLC’s holdings in Woodward were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WWD. Norges Bank acquired a new stake in Woodward in the second quarter worth approximately $201,555,000. Bank of New York Mellon Corp raised its stake in shares of Woodward by 31.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 639,139 shares of the technology company’s stock worth $156,646,000 after buying an additional 154,071 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Woodward in the second quarter valued at $28,208,000. Balyasny Asset Management L.P. bought a new position in Woodward during the second quarter valued at about $27,617,000. Finally, Paradoxiom Capital L.P. bought a new position in Woodward during the first quarter valued at about $8,918,000. 81.18% of the stock is currently owned by institutional investors.

Woodward Trading Down 0.8%

NASDAQ:WWD opened at $311.38 on Monday. The stock has a market cap of $18.68 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 2.61 and a beta of 1.02. Woodward, Inc. has a fifty-two week low of $146.82 and a fifty-two week high of $317.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.36. The stock’s 50-day moving average is $280.54 and its two-hundred day moving average is $259.39.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, November 24th. The technology company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.83 by $0.26. The business had revenue of $995.26 million during the quarter, compared to analysts’ expectations of $943.15 million. Woodward had a net margin of 12.39% and a return on equity of 17.68%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. Woodward has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward announced that its board has initiated a share buyback plan on Thursday, November 20th that allows the company to repurchase $1.80 billion in shares. This repurchase authorization allows the technology company to purchase up to 11.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WWD. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Woodward from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. UBS Group increased their price objective on Woodward from $329.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Wall Street Zen lowered Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Truist Financial boosted their price objective on Woodward from $294.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $298.78.

Insider Transactions at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 5,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $297.88, for a total value of $1,489,400.00. Following the transaction, the chief operating officer directly owned 15,135 shares of the company’s stock, valued at $4,508,413.80. This represents a 24.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregg C. Sengstack sold 7,000 shares of Woodward stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $300.76, for a total value of $2,105,320.00. Following the sale, the director owned 9,610 shares of the company’s stock, valued at approximately $2,890,303.60. This represents a 42.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 40,000 shares of company stock valued at $11,908,210. 0.71% of the stock is owned by insiders.

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.