Woodward, Inc. $WWD Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,219 shares of the technology company's stock after selling 327 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Woodward worth $29,448,531 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WWD. Washington Trust Advisors Inc. acquired a new position in Woodward in the second quarter valued at approximately $33,000. Varenne Capital Partners bought a new position in Woodward during the 2nd quarter worth approximately $36,830,000. AlphaGrep UK Ltd bought a new stake in Woodward during the 2nd quarter worth about $635,000. Syon Capital LLC bought a new stake in Woodward in the 2nd quarter valued at $262,000. Finally, Nykredit A S bought a new stake in shares of Woodward during the second quarter worth about $744,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WWD shares. TD Cowen boosted their price objective on shares of 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 cut Woodward from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Truist Financial increased their price target on Woodward from $415.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Weiss Ratings restated a "buy (b)" rating on shares of Woodward in a research note on Friday, July 17th. Finally, Melius Research cut Woodward from a "buy" rating to a "hold" rating and set a $388.00 target price for the company. in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $415.17.

Woodward Price Performance

WWD stock traded down $5.76 during mid-day trading on Tuesday, hitting $318.91. The stock had a trading volume of 292,238 shares, compared to its average volume of 697,224. The firm has a market capitalization of $18.83 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.98 and a beta of 0.87. The company has a current ratio of 1.65, a quick ratio of 1.14 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. The firm has a fifty day simple moving average of $368.30 and a 200 day simple moving average of $375.75.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.11 billion during 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 period in the prior year, the company earned $1.76 earnings per share. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, research analysts forecast that Woodward, Inc. will post 9.46 EPS for the current year.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, August 20th. Woodward's payout ratio is presently 14.24%.

Insiders Place Their Bets

In related news, EVP Shawn McLevige sold 2,150 shares of the business'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 sale, the executive vice president owned 3,098 shares in the company, valued at approximately $1,105,428.36. The trade was a 40.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.71% of the company's stock.

Woodward Profile

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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