Alyeska Investment Group L.P. raised its stake in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 24.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,958 shares of the technology company's stock after purchasing an additional 23,349 shares during the period. Alyeska Investment Group L.P. owned 0.20% of Woodward worth $50,184,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in WWD. BlackRock Inc. acquired a new position in shares of Woodward in the second quarter worth approximately $2,984,684,000. Norges Bank acquired a new position in shares of Woodward in the 4th quarter worth approximately $251,365,000. Bank of America Corp DE acquired a new position in shares of Woodward in the 2nd quarter worth approximately $303,698,000. Findlay Park Partners LLP bought a new stake in shares of Woodward in the 2nd quarter valued at $231,958,000. Finally, Invesco Ltd. boosted its stake in shares of Woodward by 122.0% in the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company's stock valued at $228,849,000 after purchasing an additional 497,722 shares during the last quarter. Institutional investors own 81.18% of the company's stock.
Woodward Stock Performance
NASDAQ:WWD opened at $341.81 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. The firm has a 50-day moving average of $387.62 and a 200-day moving average of $379.65. The company has a market cap of $20.18 billion, a PE ratio of 38.02, a PEG ratio of 2.01 and a beta of 0.88. Woodward, Inc. has a one year low of $233.31 and a one year high of $450.92.
Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly 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. The business had revenue of $1.11 billion for 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 firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 EPS. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, equities research analysts expect that Woodward, Inc. will post 9.46 EPS for the current fiscal year.
Woodward Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Woodward's payout ratio is presently 14.24%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on WWD. Truist Financial lifted their target price on shares of Woodward from $415.00 to $420.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Zacks Research downgraded Woodward from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Susquehanna started coverage on Woodward in a research report on Tuesday, May 26th. They issued a "positive" rating and a $423.00 price objective for the company. Royal Bank Of Canada dropped their price objective on Woodward from $450.00 to $430.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered Woodward from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Woodward has an average rating of "Moderate Buy" and an average target price of $419.00.
View Our Latest Research Report on WWD
Insider Buying and Selling at Woodward
In related news, EVP Shawn M. Mclevige sold 2,150 shares of the company's stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel G. Korte sold 14,700 shares of the stock in a transaction 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 completion of the sale, the director directly owned 4,434 shares of the company's stock, valued at $1,578,725.70. The trade was a 76.83% 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.
About Woodward
(
Free Report)
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.
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