Bank of New York Mellon Corp Invests $184.32 Million in Woodward, Inc. $WWD

Key Points

• Bank of New York Mellon acquired 433,250 Woodward shares worth approximately $184.3 million, giving it about a 0.73% stake. Institutional investors and hedge funds collectively own 81.18% of WWD.
• Woodward beat quarterly earnings expectations with EPS of $2.52 versus the $2.44 consensus, while revenue rose 21.2% year over year to approximately $1.11 billion. The company maintained FY2026 EPS guidance of $9.30–$9.50.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $419. Woodward also declared a quarterly dividend of $0.32 per share, equivalent to a 0.4% annual yield.

Bank of New York Mellon Corp acquired a new stake in Woodward, Inc. (NASDAQ:WWD - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 433,250 shares of the technology company's stock, valued at approximately $184,322,000. Bank of New York Mellon Corp owned approximately 0.73% of Woodward at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WWD. Aster Capital Management DIFC Ltd bought a new position in Woodward during the 4th quarter valued at $35,000. Elevation Wealth Partners LLC grew its holdings in 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 acquiring an additional 77 shares during the period. Parallel Advisors LLC raised its position in Woodward by 82.5% in the first quarter. Parallel Advisors LLC now owns 115 shares of the technology company's stock worth $41,000 after acquiring an additional 52 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Woodward in the fourth quarter worth about $61,000. Finally, Hollencrest Capital Management lifted its holdings in Woodward by 1,800.0% in the 1st quarter. Hollencrest Capital Management now owns 209 shares of the technology company's stock valued at $75,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

Insider Buying and Selling

In related news, Director Daniel G. Korte sold 14,700 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the completion of the sale, the director directly owned 4,434 shares in the company, valued at approximately $1,578,725.70. This trade represents a 76.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Shawn M. Mclevige sold 2,150 shares of the business's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $356.82, for a total transaction of $767,163.00. Following the transaction, the executive vice president directly owned 3,098 shares in the company, valued at $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. 0.71% of the stock is owned by corporate insiders.

Woodward Price Performance

Shares of NASDAQ:WWD opened at $343.26 on Friday. The company's fifty day moving average is $395.86 and its two-hundred day moving average is $380.66. The company has a market cap of $20.27 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.01 and a beta of 0.88. Woodward, Inc. has a 12-month low of $233.31 and a 12-month high of $450.92. The company has a quick ratio of 1.14, a current ratio of 1.65 and a debt-to-equity ratio of 0.25.

Woodward (NASDAQ:WWD - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%.Woodward's revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. Equities analysts expect that Woodward, Inc. will post 9.46 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward's dividend payout ratio is 14.24%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WWD shares. Wall Street Zen lowered shares of Woodward from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $470.00 target price on shares of Woodward in a report on Friday, May 1st. Truist Financial increased their target price on shares of Woodward from $415.00 to $420.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reduced their target price on shares of Woodward from $450.00 to $430.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Finally, Susquehanna began coverage on Woodward in a research note on Tuesday, May 26th. They set a "positive" rating and a $423.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Woodward currently has a consensus rating of "Moderate Buy" and an average price target of $419.00.

More Woodward News

Here are the key news stories impacting Woodward this week:

• Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its FY2026 EPS estimate to $9.46 from $9.18, FY2027 to $10.35 from $10.30, and FY2028 to $12.00 from $11.55. The firm also increased estimates for several individual quarters, supporting the view that Woodward’s earnings growth may remain strong. Zacks nevertheless maintains a “Hold” rating. Woodward analyst estimates
• Positive Sentiment: Recent operating momentum provides support: Woodward’s latest quarterly results exceeded EPS expectations, with adjusted earnings of $2.52 versus the $2.44 consensus estimate. Revenue reached approximately $1.11 billion and increased 21.2% year over year, while full-year FY2026 guidance remains $9.30 to $9.50 in EPS.
• Neutral Sentiment: $450 million private debt placement: On August 19, Woodward entered an agreement to privately place $450 million of senior unsecured notes. The financing may provide capital for corporate purposes and maintain financial flexibility, but the announcement did not disclose a specific use of proceeds. Woodward privately places senior unsecured notes
• Negative Sentiment: Some quarterly estimates were reduced: Zacks trimmed its Q3 2027 EPS forecast to $2.77 from $2.82 and its Q4 2027 forecast to $2.77 from $2.86. The reductions are modest, but they temper the otherwise favorable revisions.
• Negative Sentiment: Additional interest obligations: The new senior unsecured notes will increase Woodward’s debt and future interest expense. Although the company has relatively moderate leverage, investors may view the financing as a risk if the proceeds do not generate sufficient returns.

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