Arbejdsmarkedets Tillaegspension Acquires Shares of 80,828 Woodward, Inc. $WWD

Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Woodward, Inc. (NASDAQ:WWD) during the fourth quarter, HoldingsChannel reports. The fund acquired 80,828 shares of the technology company’s stock, valued at approximately $24,436,000. Woodward accounts for 0.6% of Arbejdsmarkedets Tillaegspension’s holdings, making the stock its 26th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership bought a new position in Woodward in the 3rd quarter worth about $184,721,000. Invesco Ltd. boosted its stake in Woodward by 122.0% in the 3rd quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock worth $228,849,000 after purchasing an additional 497,722 shares in the last quarter. Two Sigma Investments LP boosted its stake in Woodward by 1,086.9% in the 3rd quarter. Two Sigma Investments LP now owns 330,514 shares of the technology company’s stock worth $83,524,000 after purchasing an additional 302,666 shares in the last quarter. Findlay Park Partners LLP bought a new position in Woodward in the 3rd quarter worth about $73,406,000. Finally, Kinetic Partners Management LP bought a new position in Woodward during the 3rd quarter valued at about $56,556,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WWD shares. UBS Group upped their target price on shares of Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Cowen upped their target price on shares of Woodward from $350.00 to $390.00 and gave the company a “hold” rating in a research note on Tuesday, February 3rd. Truist Financial upped their target price on shares of Woodward from $404.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $470.00 target price on shares of Woodward in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $390.27.

Insider Activity

In other news, CEO Charles P. Blankenship sold 2,625 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $384.80, for a total transaction of $1,010,100.00. Following the completion of the sale, the chief executive officer owned 65,854 shares of the company’s stock, valued at $25,340,619.20. This represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shawn M. Mclevige sold 1,850 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $384.37, for a total transaction of $711,084.50. Following the sale, the executive vice president directly owned 3,095 shares of the company’s stock, valued at $1,189,625.15. The trade was a 37.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,475 shares of company stock valued at $7,405,135 in the last ninety days. Insiders own 0.71% of the company’s stock.

Woodward Price Performance

NASDAQ WWD opened at $365.41 on Friday. Woodward, Inc. has a 52 week low of $204.03 and a 52 week high of $407.00. The firm has a market capitalization of $21.77 billion, a P/E ratio of 43.76, a PEG ratio of 2.19 and a beta of 0.92. The company has a quick ratio of 1.19, a current ratio of 1.73 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $373.24 and a 200-day moving average price of $337.60.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.27 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 firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The business’s revenue for the quarter 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 research analysts anticipate that Woodward, Inc. will post 9.39 earnings per share for the current year.

Woodward Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Woodward’s dividend payout ratio is presently 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.