Corient Private Wealth LP cut its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 19.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,354 shares of the technology company's stock after selling 7,315 shares during the period. Corient Private Wealth LP owned about 0.05% of Woodward worth $12,914,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of WWD. BlackRock Inc. acquired a new position in Woodward during the second quarter worth $2,984,684,000. Geode Capital Management LLC grew its holdings in shares of Woodward by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company's stock worth $451,093,000 after purchasing an additional 106,390 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Woodward by 45.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company's stock worth $322,060,000 after purchasing an additional 334,333 shares in the last quarter. Sei Investments Co. increased its position in shares of Woodward by 12.5% during the 1st quarter. Sei Investments Co. now owns 904,404 shares of the technology company's stock worth $323,705,000 after purchasing an additional 100,465 shares in the last quarter. Finally, Norges Bank bought a new position in Woodward during the 4th quarter valued at about $251,365,000. Institutional investors own 81.18% of the company's stock.
Insiders Place Their Bets
In related news, EVP Shawn McLevige sold 2,150 shares of the firm's stock in a transaction on Friday, July 31st. The shares were 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 of the company's stock, valued at approximately $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Zacks Research lowered shares of Woodward from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Susquehanna started coverage on Woodward in a report on Tuesday, May 26th. They issued a "positive" rating and a $423.00 target price on the stock. TD Cowen increased their price target on Woodward from $390.00 to $420.00 and gave the stock a "hold" rating in a research report on Monday, July 13th. Melius Research cut Woodward from a "buy" rating to a "hold" rating and set a $388.00 price target for the company. in a report on Monday. Finally, Royal Bank Of Canada cut their price objective on Woodward from $450.00 to $430.00 and set an "outperform" rating for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Woodward currently has a consensus rating of "Moderate Buy" and a consensus price target of $415.17.
View Our Latest Analysis on Woodward
Woodward Stock Down 1.6%
Shares of NASDAQ:WWD opened at $319.50 on Wednesday. Woodward, Inc. has a 52 week low of $233.31 and a 52 week high of $450.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.65. The company has a market capitalization of $18.87 billion, a PE ratio of 35.54, a PEG ratio of 1.91 and a beta of 0.87. The company has a 50 day moving average price of $366.60 and a two-hundred day moving average price of $375.23.
Woodward (NASDAQ:WWD - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates 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. Analysts forecast that Woodward, Inc. will post 9.46 earnings per share for the current year.
Woodward Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.28 annualized dividend and a yield of 0.4%. Woodward's dividend payout ratio is 14.24%.
Woodward Profile
(
Free Report)
Woodward, Inc NASDAQ: WWD designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage fuel, air, combustion, motion, actuation and electrical power in engines, turbines and other energy-conversion systems.
In aerospace, Woodward supplies systems and components for commercial aircraft, business aviation, military aircraft, helicopters and space applications. Its offerings include fuel metering and engine control systems, air-management products, actuators, electric power systems and other controls used in propulsion and aircraft subsystems.
Woodward also serves industrial customers with controls for power generation, gas and diesel engines, renewable-energy equipment, industrial turbines and other applications.
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