Daniel Korte Sells 14,700 Shares of Woodward (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) Director Daniel Korte sold 14,700 shares of the stock in a transaction dated 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 directly owned 4,434 shares in the company, valued at approximately $1,578,725.70. This represents a 76.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Woodward Stock Up 5.8%

WWD stock opened at $380.75 on Wednesday. Woodward, Inc. has a fifty-two week low of $227.00 and a fifty-two week high of $407.00. The business’s 50-day moving average is $367.63 and its two-hundred day moving average is $349.05. 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 company has a market cap of $22.69 billion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 2.15 and a beta of 0.89.

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

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.32 dividend. The ex-dividend date was Thursday, May 21st. This represents a $1.28 dividend on an annualized basis and a yield of 0.3%. Woodward’s dividend payout ratio is presently 15.33%.

Analysts Set New Price Targets

WWD has been the subject of a number of analyst reports. UBS Group upped their price target 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 stock a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. Wall Street Zen cut Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $470.00 price target on shares of Woodward in a research report on Friday, May 1st. One equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $393.00.

Institutional Trading of Woodward

Several institutional investors and hedge funds have recently added to or reduced their stakes in WWD. Norges Bank bought a new stake in Woodward during the 4th quarter valued at approximately $251,365,000. Artisan Partners Limited Partnership purchased a new position in Woodward during the 3rd quarter valued at approximately $184,721,000. Invesco Ltd. grew its holdings in Woodward by 122.0% during the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock valued at $228,849,000 after buying an additional 497,722 shares in the last quarter. Findlay Park Partners LLP grew its holdings in Woodward by 136.2% during 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 grew its holdings in Woodward by 1,086.9% during the 3rd quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock valued at $83,524,000 after buying an additional 302,666 shares in the last quarter. Institutional investors own 81.18% 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.