Woodward, Inc. $WWD Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S boosted its Woodward stake by 240.4% in the first quarter, ending with 21,037 shares valued at about $7.53 million.
• Woodward reported better-than-expected fiscal Q2 results, with EPS of $2.27 versus $2.10 expected and revenue of $1.09 billion versus $1.01 billion expected. Quarterly revenue rose 23.4% year over year, and the company reaffirmed FY 2026 EPS guidance of 9.15 to 9.45.
• Wall Street remains constructive on the stock, with a Moderate Buy consensus and a consensus price target of $393.00. Shares recently traded at $430.08, near their 52-week high of $445.29.

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Woodward, Inc. (NASDAQ:WWD - Free Report) by 240.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,037 shares of the technology company's stock after purchasing an additional 14,857 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Woodward were worth $7,530,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in WWD. Norges Bank purchased a new position in shares of Woodward in the fourth quarter worth about $251,365,000. Artisan Partners Limited Partnership acquired a new position in Woodward during the third quarter worth $184,721,000. Invesco Ltd. boosted its stake in Woodward by 122.0% during the third 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 during the last quarter. Findlay Park Partners LLP grew its holdings in Woodward by 136.2% in the 4th quarter. Findlay Park Partners LLP now owns 686,200 shares of the technology company's stock valued at $207,452,000 after buying an additional 395,726 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Woodward by 1,086.9% in the 3rd quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company's stock worth $83,524,000 after acquiring an additional 302,666 shares during the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WWD has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $470.00 price objective on shares of Woodward in a research report on Friday, May 1st. Truist Financial upped their price target on Woodward from $404.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Susquehanna assumed coverage on Woodward in a research report on Tuesday, May 26th. They set a "positive" rating and a $423.00 price objective for the company. Wall Street Zen lowered shares of Woodward from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 9th. Finally, UBS Group upped their target price on shares of Woodward from $427.00 to $429.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Woodward has a consensus rating of "Moderate Buy" and a consensus target price of $393.00.

Woodward Stock Performance

Shares of WWD opened at $430.08 on Monday. Woodward, Inc. has a 1 year low of $233.31 and a 1 year high of $445.29. The stock has a 50-day simple moving average of $373.50 and a 200-day simple moving average of $356.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. The stock has a market capitalization of $25.62 billion, a PE ratio of 51.51, a PEG ratio of 2.56 and a beta of 0.89.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.17. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.01 billion. Woodward had a net margin of 12.85% and a return on equity of 20.12%. The company's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 EPS. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. On average, analysts predict that Woodward, Inc. will post 9.34 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, May 21st. This represents a $1.28 annualized dividend and a yield of 0.3%. Woodward's payout ratio is presently 15.33%.

Insider Buying and Selling at Woodward

In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the company's stock in a transaction on Thursday, June 4th. The shares were 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 owned 4,434 shares in the company, valued at $1,578,725.70. This represents a 76.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Karrie M. Bem sold 280 shares of the firm's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $372.66, for a total value of $104,344.80. Following the transaction, the executive vice president directly owned 4,297 shares in the company, valued at approximately $1,601,320.02. This represents a 6.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 15,629 shares of company stock valued at $5,570,005. Company insiders own 0.71% of the company's stock.

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.

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