Woodward, Inc. $WWD Shares Sold by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC reduced its position in shares of Woodward, Inc. (NASDAQ:WWD) by 36.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,380 shares of the technology company’s stock after selling 1,933 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Woodward were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC raised its position in Woodward by 1.7% in the second quarter. AE Wealth Management LLC now owns 2,626 shares of the technology company’s stock worth $644,000 after acquiring an additional 43 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Woodward by 32.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock worth $54,000 after purchasing an additional 54 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Woodward by 11.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 506 shares of the technology company’s stock worth $124,000 after purchasing an additional 54 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Woodward by 3.1% in the 2nd quarter. Truist Financial Corp now owns 1,909 shares of the technology company’s stock worth $468,000 after purchasing an additional 58 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in Woodward by 4.1% during the second quarter. Frank Rimerman Advisors LLC now owns 1,492 shares of the technology company’s stock valued at $366,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

Woodward Stock Down 2.2%

Shares of Woodward stock opened at $287.85 on Thursday. Woodward, Inc. has a 1 year low of $146.82 and a 1 year high of $304.72. The company has a market cap of $17.27 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.47 and a beta of 1.02. The company has a current ratio of 2.08, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $272.22 and a 200 day moving average price of $255.33.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, November 24th. The technology company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.26. The company had revenue of $995.26 million for the quarter, compared to analysts’ expectations of $943.15 million. Woodward had a return on equity of 17.68% and a net margin of 12.39%.The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 EPS. Woodward has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward announced that its board has initiated a share repurchase plan on Thursday, November 20th that permits the company to buyback $1.80 billion in shares. This buyback authorization permits the technology company to reacquire up to 11.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at Woodward

In other Woodward news, Director Gregg C. Sengstack sold 7,000 shares of Woodward stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $300.76, for a total transaction of $2,105,320.00. Following the completion of the sale, the director owned 9,610 shares of the company’s stock, valued at $2,890,303.60. This trade represents a 42.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John D. Cohn sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $296.33, for a total transaction of $888,990.00. Following the transaction, the director owned 21,575 shares in the company, valued at approximately $6,393,319.75. This represents a 12.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 40,000 shares of company stock valued at $11,908,210. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WWD. Wolfe Research set a $300.00 price target on Woodward and gave the company an “outperform” rating in a report on Friday, October 3rd. Alembic Global Advisors raised Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 price objective for the company in a research note on Wednesday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 target price on shares of Woodward in a report on Monday, December 1st. Finally, Truist Financial increased their price target on Woodward from $294.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Woodward presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.67.

Woodward Company 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.