Woodward (NASDAQ:WWD) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Woodward (NASDAQ:WWD) posted its quarterly earnings results on Wednesday. The technology company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.17, Zacks reports. Woodward had a net margin of 12.85% and a return on equity of 20.09%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $1.69 earnings per share. The business’s quarterly revenue was up 23.4% on a year-over-year basis. Woodward updated its FY 2026 guidance to 9.150-9.450 EPS.

Here are the key takeaways from Woodward’s conference call:

• Record quarter — Woodward reported its first-ever quarterly sales above $1.1 billion (up 23% YoY) and record adjusted EPS (+34% YoY), and it raised FY26 guidance to total sales growth of 20%–23% and adjusted EPS of $9.15–$9.45.
• Demand was broad-based — aerospace sales of $703M (+25%) were driven by commercial OEM and services (LEAP/GTF and spare LRUs), while industrial sales of $387M (+20%) were supported by oil & gas, marine and growing power?generation/data?center demand (China on?highway last?time buys are largely complete).
• Strategic and capacity actions underway — the company closed the Valve Research & Manufacturing acquisition, is divesting pilot controls, moving servovalve production to Rockford, and progressing major projects (Spartanburg, Glatten) plus automation and rising aerospace R&D to target next?generation single?aisle content.
• Near?term execution and macro risks — management noted supply?chain and capacity constraints (e.g., dual sourcing, test?stand procurement) that limited output, a material industrial product?performance reserve that pressured margins, higher inventory/capex needs, and geopolitical/fuel?price uncertainty that could weigh on aftermarket demand into FY2027.

Woodward Stock Down 1.8%

WWD stock opened at $356.64 on Friday. The firm has a market capitalization of $21.26 billion, a PE ratio of 42.71, a P/E/G ratio of 2.58 and a beta of 0.98. The company has a quick ratio of 1.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.18. Woodward has a twelve month low of $190.51 and a twelve month high of $407.00. The stock’s 50 day moving average is $376.77 and its 200-day moving average is $329.97.

Woodward Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued 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, May 21st. Woodward’s dividend payout ratio (DPR) is currently 16.12%.

Insider Buying and Selling

In related news, CEO Charles P. Blankenship sold 2,625 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $384.80, for a total transaction of $1,010,100.00. Following the transaction, the chief executive officer directly owned 65,854 shares of the company’s stock, valued at $25,340,619.20. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eileen P. Paterson sold 5,200 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $378.15, for a total transaction of $1,966,380.00. Following the transaction, the director owned 2,538 shares in the company, valued at approximately $959,744.70. This trade represents a 67.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,925 shares of company stock worth $10,203,160. 0.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Woodward

A number of hedge funds and other institutional investors have recently modified their holdings of WWD. Invesco Ltd. grew its position in shares of Woodward by 122.0% during the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock valued at $228,849,000 after acquiring an additional 497,722 shares during the period. Findlay Park Partners LLP raised its holdings in shares of Woodward by 136.2% in the 4th quarter. Findlay Park Partners LLP now owns 686,200 shares of the technology company’s stock worth $207,452,000 after purchasing an additional 395,726 shares during the period. Two Sigma Investments LP lifted its stake in Woodward by 1,086.9% in the third quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock valued at $83,524,000 after purchasing an additional 302,666 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Woodward in the fourth quarter valued at approximately $65,918,000. Finally, Soros Fund Management LLC bought a new position in Woodward during the fourth quarter valued at $54,798,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WWD. Truist Financial increased their price target on Woodward from $366.00 to $404.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. UBS Group boosted their price objective on Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Woodward in a report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $450.00 price target on shares of Woodward in a research report on Sunday, February 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

About Woodward

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.