7,015,523 Shares in Woodward, Inc. $WWD Purchased by BlackRock Inc.

BlackRock Inc. purchased a new position in Woodward, Inc. (NASDAQ:WWD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,015,523 shares of the technology company's stock, valued at approximately $2,984,684,000. BlackRock Inc. owned approximately 11.88% of Woodward as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in WWD. Norges Bank purchased a new stake in shares of Woodward in the fourth quarter valued at approximately $251,365,000. Invesco Ltd. increased its position in shares of Woodward by 122.0% during the third 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 last quarter. Bank of New York Mellon Corp acquired a new position in Woodward during the second quarter worth $184,322,000. Findlay Park Partners LLP increased its stake in Woodward by 136.2% during the fourth 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. Finally, Artisan Partners Limited Partnership boosted its position in Woodward by 45.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company's stock valued at $322,060,000 after buying an additional 334,333 shares during the period. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Woodward

In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $356.05, for a total transaction 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. This trade represents a 76.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shawn M. Mclevige sold 2,150 shares of the firm's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $356.82, for a total transaction of $767,163.00. Following the completion of the transaction, the executive vice president owned 3,098 shares in the company, valued at approximately $1,105,428.36. The trade was a 40.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.71% of the company's stock.

Woodward Stock Performance

Shares of WWD opened at $366.20 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Woodward, Inc. has a 12-month low of $233.31 and a 12-month high of $450.92. The stock has a market cap of $21.62 billion, a P/E ratio of 40.73, a PEG ratio of 2.17 and a beta of 0.88. The company has a 50-day moving average of $397.80 and a two-hundred day moving average of $380.46.

Woodward (NASDAQ:WWD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. Woodward had a net margin of 13.17% and a return on equity of 21.89%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The firm's revenue for the quarter 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, research analysts predict that Woodward, Inc. will post 9.46 EPS for the current fiscal year.

Woodward Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.32 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.3%. Woodward's payout ratio is 14.24%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WWD shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Woodward in a research report on Friday, July 17th. Wall Street Zen lowered Woodward from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $470.00 price target on shares of Woodward in a research note on Friday, May 1st. UBS Group lifted their price target on Woodward from $427.00 to $429.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, Susquehanna started coverage on Woodward in a research report on Tuesday, May 26th. They set a "positive" rating and a $423.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Woodward has a consensus rating of "Moderate Buy" and a consensus price target of $406.45.

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.

Want to see what other hedge funds are holding WWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Woodward, Inc. (NASDAQ:WWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source