Caisse de depot et placement du Quebec Takes Position in Woodward, Inc. $WWD

Caisse de depot et placement du Quebec bought a new stake in Woodward, Inc. (NASDAQ:WWD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 107,100 shares of the technology company’s stock, valued at approximately $45,565,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bard Associates Inc. acquired a new stake in Woodward during the second quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Woodward in the 4th quarter valued at approximately $35,000. Elevation Wealth Partners LLC raised its holdings in shares of Woodward by 550.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock worth $39,000 after buying an additional 77 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Woodward by 82.5% in the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $41,000 after buying an additional 52 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Woodward during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Susquehanna assumed coverage on Woodward in a research note on Tuesday, May 26th. They set a “positive” rating and a $423.00 price objective for the company. Royal Bank Of Canada cut their price objective on Woodward from $450.00 to $430.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. TD Cowen boosted their target price on shares of Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Finally, Wall Street Zen lowered shares of Woodward from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $419.00.

Insider Buying and Selling at Woodward

In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $356.05, for a total value of $5,233,935.00. Following the transaction, the director directly owned 4,434 shares in the company, valued at approximately $1,578,725.70. This trade represents a 76.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shawn M. Mclevige sold 2,150 shares of Woodward stock in a transaction on Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the completion of the sale, the executive vice president directly owned 3,098 shares of the company’s stock, valued at $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.71% of the stock is currently owned by corporate insiders.

Woodward Trading Up 0.1%

WWD opened at $346.34 on Friday. Woodward, Inc. has a 1-year low of $233.31 and a 1-year high of $450.92. The stock has a market capitalization of $20.45 billion, a PE ratio of 38.53, a PEG ratio of 2.03 and a beta of 0.88. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $389.38 and a two-hundred day moving average price of $380.01.

Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. Woodward had a net margin of 13.17% and a return on equity of 21.89%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business earned $1.76 earnings per share. Woodward’s quarterly revenue was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, equities analysts anticipate that Woodward, Inc. will post 9.46 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 annualized dividend and a yield of 0.4%. Woodward’s dividend payout ratio is currently 14.24%.

About Woodward

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.