Bank of Nova Scotia Has $15.36 Million Stock Holdings in Woodward, Inc. $WWD

Bank of Nova Scotia boosted its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 143.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,900 shares of the technology company’s stock after acquiring an additional 25,254 shares during the quarter. Bank of Nova Scotia’s holdings in Woodward were worth $15,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of Woodward by 82.5% during the first quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $41,000 after acquiring an additional 52 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Woodward in the fourth quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Woodward in the fourth quarter worth $44,000. Caitong International Asset Management Co. Ltd acquired a new stake in Woodward in the fourth quarter valued at $61,000. Finally, Hollencrest Capital Management increased its holdings in Woodward by 1,800.0% in the first quarter. Hollencrest Capital Management now owns 209 shares of the technology company’s stock valued at $75,000 after purchasing an additional 198 shares during the period. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Woodward Stock Performance

Shares of WWD opened at $419.00 on Friday. 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 firm’s fifty day simple moving average is $392.11 and its two-hundred day simple moving average is $374.99. Woodward, Inc. has a 12 month low of $233.31 and a 12 month high of $450.92. The stock has a market capitalization of $24.96 billion, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86.

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

Woodward Dividend Announcement

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

Analyst Ratings Changes

WWD has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $470.00 target price on shares of Woodward in a report on Friday, May 1st. TD Cowen increased 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. Susquehanna began 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 Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Woodward has a consensus rating of “Buy” and a consensus target price of $395.50.

Insider Buying and Selling

In related news, EVP Karrie M. Bem sold 280 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $372.66, for a total transaction of $104,344.80. Following the transaction, the executive vice president directly owned 4,297 shares of the company’s stock, valued at $1,601,320.02. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel G. Korte sold 14,700 shares of the firm’s stock in a transaction on 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 completion of the sale, the director owned 4,434 shares of the company’s stock, valued at $1,578,725.70. The trade was a 76.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,629 shares of company stock worth $5,570,005 over the last 90 days. 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.