Invesco Ltd. Has $69.42 Million Holdings in Woodward, Inc. $WWD

Key Points

• Invesco Ltd. has reduced its stake in Woodward, Inc. by 5.8% during the first quarter, selling 23,277 shares, and now owns 380,426 shares valued at $69.4 million.
• Multiple institutional investors increased their positions in Woodward during the same quarter, with MassMutual Private Wealth & Trust growing its stake by 191.2%.
• Woodward recently reported earnings of $1.76 per share, surpassing analyst expectations, and announced a quarterly dividend of $0.28 per share to be paid on September 4th.

Invesco Ltd. reduced its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 380,426 shares of the technology company's stock after selling 23,277 shares during the period. Invesco Ltd. owned about 0.64% of Woodward worth $69,424,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Xponance Inc. increased its position in shares of Woodward by 1.2% in the first quarter. Xponance Inc. now owns 6,830 shares of the technology company's stock worth $1,246,000 after acquiring an additional 81 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Woodward by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,649 shares of the technology company's stock valued at $1,396,000 after buying an additional 82 shares during the period. Merit Financial Group LLC increased its stake in Woodward by 6.2% in the 1st quarter. Merit Financial Group LLC now owns 1,501 shares of the technology company's stock valued at $274,000 after buying an additional 88 shares during the period. Sound View Wealth Advisors Group LLC increased its stake in Woodward by 5.8% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 1,612 shares of the technology company's stock valued at $294,000 after buying an additional 89 shares during the period. Finally, TCTC Holdings LLC increased its stake in Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock valued at $33,000 after buying an additional 98 shares during the period. 81.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WWD shares. UBS Group upped their price objective on shares of Woodward from $283.00 to $299.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Northcoast Research upgraded shares of Woodward to a "hold" rating in a research note on Friday, July 25th. Jefferies Financial Group reiterated a "buy" rating and issued a $245.00 price objective (up previously from $225.00) on shares of Woodward in a research note on Friday, May 23rd. Zacks Research lowered shares of Woodward from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, The Goldman Sachs Group upped their price objective on shares of Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Woodward currently has an average rating of "Moderate Buy" and an average target price of $249.63.

Insider Buying and Selling

In related news, CEO Charles P. Blankenship sold 2,450 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $230.85, for a total transaction of $565,582.50. Following the completion of the transaction, the chief executive officer directly owned 64,739 shares in the company, valued at $14,944,998.15. This represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Terence J. Voskuil sold 10,000 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $231.03, for a total transaction of $2,310,300.00. Following the transaction, the executive vice president owned 4,945 shares of the company's stock, valued at approximately $1,142,443.35. The trade was a 66.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,296 shares of company stock valued at $7,639,133. Company insiders own 0.82% of the company's stock.

Woodward Stock Performance

Shares of NASDAQ WWD traded down $2.09 during trading hours on Tuesday, hitting $244.93. 410,971 shares of the stock were exchanged, compared to its average volume of 523,281. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.04 and a quick ratio of 1.39. The company's 50 day moving average is $248.58 and its 200 day moving average is $210.44. The firm has a market capitalization of $14.69 billion, a P/E ratio of 38.75, a P/E/G ratio of 2.64 and a beta of 1.30. Woodward, Inc. has a one year low of $146.82 and a one year high of $267.45.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.14. The business had revenue of $915.45 million during the quarter, compared to the consensus estimate of $884.98 million. Woodward had a net margin of 11.32% and a return on equity of 16.57%. Woodward's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, research analysts expect that Woodward, Inc. will post 6.15 EPS for the current year.

Woodward Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 21st. Woodward's dividend payout ratio is currently 17.72%.

Woodward Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.