Woodward, Inc. $WWD Holdings Decreased by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 32.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,860 shares of the technology company’s stock after selling 11,181 shares during the period. Engineers Gate Manager LP’s holdings in Woodward were worth $9,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bard Associates Inc. acquired a new stake in Woodward during the 2nd quarter worth about $28,000. Washington Trust Advisors Inc. purchased a new stake in shares of Woodward in the second quarter worth approximately $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Woodward during the fourth quarter worth approximately $35,000. Elevation Wealth Partners LLC boosted its holdings in shares of 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 purchasing an additional 77 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Woodward by 82.5% during the first 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. 81.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Shawn McLevige sold 2,150 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the completion of the sale, the executive vice president directly owned 3,098 shares in the company, valued at approximately $1,105,428.36. This represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.71% of the company’s stock.

Woodward Trading Down 1.5%

NASDAQ:WWD opened at $332.76 on Friday. The stock’s 50 day moving average price is $371.89 and its 200 day moving average price is $376.64. Woodward, Inc. has a 52 week low of $233.31 and a 52 week high of $450.92. The company has a market capitalization of $19.65 billion, a P/E ratio of 37.01, a P/E/G ratio of 1.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.65.

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

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 20th. Woodward’s payout ratio is presently 14.24%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WWD. Wall Street Zen lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. TD Cowen lifted their target price on shares of Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Truist Financial boosted their price target on shares of Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research note on Friday, July 17th. Finally, Royal Bank Of Canada cut their price objective on Woodward from $450.00 to $430.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $419.00.

Woodward Profile

Woodward, Inc (NASDAQ: WWD) designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage fuel, air, combustion, motion, actuation and electrical power in engines, turbines and other energy-conversion systems.

In aerospace, Woodward supplies systems and components for commercial aircraft, business aviation, military aircraft, helicopters and space applications. Its offerings include fuel metering and engine control systems, air-management products, actuators, electric power systems and other controls used in propulsion and aircraft subsystems.

Woodward also serves industrial customers with controls for power generation, gas and diesel engines, renewable-energy equipment, industrial turbines and other applications.