PFG Investments LLC Buys New Position in Woodward, Inc. $WWD

PFG Investments LLC purchased a new position in shares of Woodward, Inc. (NASDAQ:WWD) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,955 shares of the technology company’s stock, valued at approximately $700,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Woodward in the 4th quarter valued at $251,365,000. Invesco Ltd. raised its stake in Woodward by 122.0% during the third quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock worth $228,849,000 after buying an additional 497,722 shares during the last quarter. Findlay Park Partners LLP raised its stake in Woodward by 136.2% during the fourth quarter. Findlay Park Partners LLP now owns 686,200 shares of the technology company’s stock worth $207,452,000 after buying an additional 395,726 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in Woodward by 45.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company’s stock valued at $322,060,000 after buying an additional 334,333 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Woodward by 1,086.9% in the third 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 during the period. Institutional investors own 81.18% of the company’s stock.

Woodward Stock Down 5.5%

NASDAQ:WWD traded down $23.32 during trading hours on Tuesday, reaching $400.16. The company had a trading volume of 54,884 shares, compared to its average volume of 729,963. 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 firm has a market cap of $23.84 billion, a price-to-earnings ratio of 48.12, a P/E/G ratio of 2.49 and a beta of 0.86. The business’s 50-day simple moving average is $382.09 and its two-hundred day simple moving average is $366.03. Woodward, Inc. has a twelve month low of $233.31 and a twelve month high of $450.92.

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

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued 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 is Thursday, August 20th. Woodward’s dividend payout ratio (DPR) is currently 15.33%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WWD shares. Susquehanna started coverage on Woodward in a report on Tuesday, May 26th. They set a “positive” rating and a $423.00 price target for the company. UBS Group boosted their price objective on Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $470.00 target price on shares of Woodward in a research report on Friday, May 1st. Truist Financial raised their target price on Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company initiated coverage on Woodward in a report on Wednesday, April 1st. They issued an “overweight” rating and a $440.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Woodward presently has a consensus rating of “Moderate Buy” and an average price target of $393.00.

Insider Buying and Selling at Woodward

In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the business’s 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Karrie M. Bem sold 185 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total transaction of $65,675.00. Following the transaction, the executive vice president owned 3,648 shares in the company, valued at approximately $1,295,040. The trade was a 4.83% decrease in their position. 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 valued at $5,570,005. 0.71% of the stock is currently owned by insiders.

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.