BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in Woodward, Inc. $WWD

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Woodward, Inc. (NASDAQ:WWD) by 240.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 21,037 shares of the technology company’s stock after buying an additional 14,857 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Woodward were worth $7,530,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of WWD. Woodline Partners LP purchased a new stake in Woodward during the first quarter worth about $2,039,000. Focus Partners Wealth increased its holdings in Woodward by 35.5% in the first quarter. Focus Partners Wealth now owns 2,390 shares of the technology company’s stock valued at $436,000 after buying an additional 626 shares in 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 valued at $920,000 after acquiring an additional 4,400 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Woodward by 7.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,030 shares of the technology company’s stock worth $988,000 after acquiring an additional 265 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 acquiring an additional 54 shares during the period. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WWD. Wells Fargo & Company initiated coverage on Woodward in a research note on Wednesday, April 1st. They set an “overweight” rating and a $440.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. Zacks Research downgraded shares of Woodward from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Susquehanna assumed coverage on Woodward in a report on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price on the stock. Finally, Royal Bank Of Canada started coverage on Woodward in a report on Thursday, April 16th. They issued an “outperform” rating and a $450.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $393.00.

Insiders Place Their Bets

In related news, Director Daniel G. Korte sold 14,700 shares of Woodward stock in a transaction on Thursday, June 4th. The shares were 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 approximately $1,578,725.70. The trade was a 76.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Karrie M. Bem sold 280 shares of the company’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 sale, the executive vice president directly owned 4,297 shares of the company’s stock, valued at approximately $1,601,320.02. This trade represents a 6.12% decrease in their ownership of the stock. 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 worth $5,570,005. Insiders own 0.71% of the company’s stock.

Woodward Price Performance

WWD opened at $430.08 on Monday. Woodward, Inc. has a 12 month low of $233.31 and a 12 month high of $445.29. The business has a 50-day moving average of $373.50 and a two-hundred day moving average of $356.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 1.19. The stock has a market capitalization of $25.62 billion, a price-to-earnings ratio of 51.51, a price-to-earnings-growth ratio of 2.56 and a beta of 0.89.

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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned $1.69 EPS. The business’s quarterly 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. On average, research analysts expect that Woodward, Inc. will post 9.34 earnings per share for the current year.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid 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 was Thursday, May 21st. Woodward’s dividend payout ratio (DPR) is currently 15.33%.

Woodward 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.