Caisse de depot et placement du Quebec Invests $45.56 Million in Woodward, Inc. $WWD

Caisse de depot et placement du Quebec acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 107,100 shares of the technology company's stock, valued at approximately $45,565,000. Caisse de depot et placement du Quebec owned 0.18% of Woodward at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Woodward in the 2nd quarter worth $2,984,684,000. State Street Corp boosted its holdings in Woodward by 3.5% during the third quarter. State Street Corp now owns 2,388,758 shares of the technology company's stock valued at $603,663,000 after acquiring an additional 80,538 shares during the period. Geode Capital Management LLC boosted its holdings in Woodward by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company's stock valued at $451,093,000 after acquiring an additional 106,390 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Woodward by 45.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company's stock valued at $322,060,000 after purchasing an additional 334,333 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Woodward by 8.5% in the fourth quarter. Invesco Ltd. now owns 982,448 shares of the technology company's stock valued at $297,014,000 after purchasing an additional 76,870 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WWD. 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. TD Cowen increased their target price on Woodward from $390.00 to $420.00 and gave the company a "hold" rating in a research note on Monday, July 13th. Wall Street Zen lowered Woodward from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. UBS Group lifted their price target on Woodward from $427.00 to $429.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Susquehanna started coverage on Woodward in a report on Tuesday, May 26th. They set a "positive" rating and a $423.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $419.00.

Woodward Stock Performance

NASDAQ WWD opened at $346.34 on Friday. The company's fifty day moving average is $389.38 and its two-hundred day moving average is $380.01. The firm has a market capitalization of $20.45 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 2.03 and a beta of 0.88. 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 52-week low of $233.31 and a 52-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 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 business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the company earned $1.76 earnings per share. The firm's revenue was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. Equities research analysts forecast that Woodward, Inc. will post 9.46 EPS for the current year.

Woodward Dividend Announcement

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

Insider Buying and Selling

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 value of $767,163.00. Following the completion of the transaction, 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 available through this hyperlink. Also, Director Daniel G. Korte sold 14,700 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $356.05, for a total value of $5,233,935.00. Following the completion of the transaction, the director directly owned 4,434 shares of the company's stock, valued at approximately $1,578,725.70. This trade represents a 76.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.71% of the stock is currently owned by company insiders.

About Woodward

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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