115,053 Woodward, Inc. $WWD Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 85.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,334 shares of the technology company's stock after selling 115,053 shares during the period. Assenagon Asset Management S.A.'s holdings in Woodward were worth $6,682,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WWD. Varenne Capital Partners acquired a new stake in shares of Woodward in the 2nd quarter valued at about $36,830,000. Tribune Investment Group LP bought a new stake in shares of Woodward in the second quarter valued at about $5,752,000. BlackRock Inc. bought a new stake in shares of Woodward in the second quarter valued at about $2,984,684,000. Ceredex Value Advisors LLC bought a new stake in shares of Woodward in the second quarter valued at about $24,101,000. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Woodward by 25.1% during the second quarter. Sequoia Financial Advisors LLC now owns 25,680 shares of the technology company's stock worth $10,925,000 after buying an additional 5,148 shares during the period. 81.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WWD has been the subject of a number of research reports. Jefferies Financial Group decreased their price objective on Woodward from $450.00 to $420.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Woodward in a research report on Thursday, October 15th. Truist Financial boosted their target price on Woodward from $415.00 to $420.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Wall Street Zen cut Woodward from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Zacks Research downgraded Woodward from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Woodward has an average rating of "Moderate Buy" and a consensus price target of $418.36.

Woodward Price Performance

Shares of NASDAQ WWD opened at $324.07 on Wednesday. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 1.76 and a beta of 0.86. The business has a 50-day moving average of $336.44 and a 200-day moving average of $367.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. Woodward, Inc. has a fifty-two week low of $247.11 and a fifty-two week high of $450.92.

Woodward (NASDAQ:WWD - Get Free Report) last released 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. Woodward had a return on equity of 21.89% and a net margin of 13.17%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. Woodward's quarterly revenue was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, sell-side analysts predict that Woodward, Inc. will post 9.46 earnings per share for the current fiscal year.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 19th. Woodward's payout ratio is currently 14.24%.

Insider Activity at Woodward

In related news, EVP Shawn McLevige sold 2,150 shares of the company's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the transaction, the executive vice president owned 3,098 shares in the company, valued at approximately $1,105,428.36. This represents a 40.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company's stock.

Woodward Profile

Woodward, Inc is an independent designer, manufacturer and service provider of control systems and components for the aerospace and industrial markets. The company develops technologies that help manage the flow of fuel, air, and other fluids, as well as mechanical and electrical energy, in engines and other power-generation systems.

Its aerospace products include fuel pumps and metering systems, engine controls, actuators, air valves, and electric power-management systems for commercial aircraft, business aviation, military aircraft, helicopters, and space applications.

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