Woodward, Inc. $WWD Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Woodward, Inc. (NASDAQ:WWD) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,655 shares of the technology company’s stock after selling 11,133 shares during the quarter. Bank of New York Mellon Corp’s holdings in Woodward were worth $161,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WWD. Woodline Partners LP acquired a new stake in Woodward in the first quarter valued at approximately $2,039,000. Focus Partners Wealth lifted its position in shares of Woodward by 35.5% during the 1st quarter. Focus Partners Wealth now owns 2,390 shares of the technology company’s stock worth $436,000 after purchasing an additional 626 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Woodward by 684.3% during the 1st quarter. Acadian Asset Management LLC now owns 5,043 shares of the technology company’s stock worth $920,000 after purchasing an additional 4,400 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Woodward by 7.0% during the second quarter. Russell Investments Group Ltd. now owns 4,030 shares of the technology company’s stock worth $988,000 after purchasing an additional 265 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Woodward by 11.9% during the second 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 in the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Cowen raised their price target 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 downgraded Woodward from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group raised their target price on Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Truist Financial upped their price target on Woodward from $404.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada assumed coverage on Woodward in a report on Thursday, April 16th. They issued an “outperform” rating and a $450.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.50.

Insider Buying and Selling

In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the business’s 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 $1,578,725.70. The trade was a 76.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Karrie M. Bem sold 280 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $372.66, for a total transaction of $104,344.80. Following the completion of the transaction, the executive vice president owned 4,297 shares in the company, valued at $1,601,320.02. This represents a 6.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 15,629 shares of company stock valued at $5,570,005. Company insiders own 0.71% of the company’s stock.

Woodward Stock Performance

NASDAQ:WWD opened at $392.88 on Monday. The firm has a market cap of $23.41 billion, a P/E ratio of 47.05, a PEG ratio of 2.34 and a beta of 0.86. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $387.89 and its 200-day simple moving average is $371.90. Woodward, Inc. has a 12-month low of $233.31 and a 12-month high of $450.92.

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

Woodward Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward’s payout ratio is currently 15.33%.

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.