Bornite Capital Management LP Acquires New Position in Woodward, Inc. $WWD

Bornite Capital Management LP acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,200 shares of the technology company’s stock, valued at approximately $1,572,000. Woodward makes up 0.2% of Bornite Capital Management LP’s holdings, making the stock its 28th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in Woodward during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Woodward during the 4th quarter valued at about $44,000. Global Retirement Partners LLC lifted its holdings in Woodward by 131.1% during the 4th quarter. Global Retirement Partners LLC now owns 282 shares of the technology company’s stock valued at $85,000 after buying an additional 160 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Woodward by 107.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 411 shares of the technology company’s stock valued at $101,000 after buying an additional 213 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in Woodward during the 4th quarter valued at about $101,000. Institutional investors own 81.18% of the company’s stock.

Woodward Stock Down 0.4%

Shares of NASDAQ WWD opened at $386.85 on Friday. Woodward, Inc. has a 12-month low of $230.68 and a 12-month high of $407.00. The stock’s fifty day simple moving average is $368.97 and its two-hundred day simple moving average is $350.95. The stock has a market capitalization of $23.05 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.89. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.10 by $0.17. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.01 billion. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.69 EPS. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. As a group, analysts expect that Woodward, Inc. will post 9.34 EPS for the current fiscal year.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, May 21st. Woodward’s dividend payout ratio is 15.33%.

Insiders Place Their Bets

In other news, Director Daniel G. Korte sold 14,700 shares of Woodward 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 transaction, the director owned 4,434 shares of the company’s stock, valued at $1,578,725.70. The trade was a 76.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karrie M. Bem sold 185 shares of Woodward stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total transaction of $65,675.00. Following the completion of the transaction, the executive vice president directly owned 3,648 shares in the company, valued at approximately $1,295,040. The trade was a 4.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,629 shares of company stock valued at $5,570,005 over the last 90 days. 0.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WWD shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $470.00 price objective on shares of Woodward in a report on Friday, May 1st. Wells Fargo & Company started coverage on shares of Woodward in a report on Wednesday, April 1st. They set an “overweight” rating and a $440.00 price objective for the company. Wall Street Zen lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Truist Financial lifted their price objective on shares of Woodward from $404.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Zacks Research lowered shares of Woodward from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $393.00.

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.