Algert Global LLC grew its position in Woodward, Inc. (NASDAQ:WWD - Free Report) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,116 shares of the technology company's stock after acquiring an additional 11,558 shares during the quarter. Woodward accounts for 0.6% of Algert Global LLC's portfolio, making the stock its 2nd biggest holding. Algert Global LLC owned approximately 0.19% of Woodward worth $46,848,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of WWD. BlackRock Inc. purchased a new position in shares of Woodward in the second quarter valued at $2,984,684,000. Norges Bank purchased a new stake in Woodward during the fourth quarter valued at $251,365,000. Findlay Park Partners LLP purchased a new position in shares of Woodward in the 2nd quarter worth $231,958,000. Invesco Ltd. grew 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 worth $228,849,000 after buying an additional 497,722 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Woodward in the 2nd quarter worth about $184,322,000. 81.18% of the stock is owned by hedge funds and other institutional investors.
Woodward Price Performance
WWD opened at $333.15 on Tuesday. The business has a fifty day moving average of $394.47 and a 200 day moving average of $380.76. The stock has a market cap of $19.67 billion, a P/E ratio of 37.06, a PEG ratio of 2.01 and a beta of 0.88. 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, Inc. has a 52-week low of $233.31 and a 52-week high of $450.92.
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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $1.76 earnings per share. The company's quarterly revenue was up 21.2% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, sell-side analysts anticipate that Woodward, Inc. will post 9.46 EPS for the current year.
Woodward Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Woodward's dividend payout ratio (DPR) is currently 14.24%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $470.00 price target on shares of Woodward in a report on Friday, May 1st. Susquehanna initiated coverage on Woodward in a research report on Tuesday, May 26th. They set a "positive" rating and a $423.00 price objective on the stock. TD Cowen raised their price objective 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. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Woodward in a research report on Friday, July 17th. One research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $419.00.
Check Out Our Latest Analysis on Woodward
Insider Transactions at Woodward
In related news, EVP Shawn M. Mclevige sold 2,150 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 3,098 shares of the company's stock, valued at $1,105,428.36. This represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel G. Korte sold 14,700 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the transaction, the director owned 4,434 shares in the company, valued at approximately $1,578,725.70. The trade was a 76.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.71% of the stock is owned by corporate insiders.
Woodward Profile
(
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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