Tredje AP fonden Sells 3,746 Shares of Woodward, Inc. $WWD

Tredje AP fonden cut its holdings in Woodward, Inc. (NASDAQ:WWD) by 32.6% during the third quarter, Holdings Channel reports. The institutional investor owned 7,744 shares of the technology company’s stock after selling 3,746 shares during the quarter. Tredje AP fonden’s holdings in Woodward were worth $1,957,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in Woodward during the third quarter worth about $27,000. SJS Investment Consulting Inc. increased its stake in shares of Woodward by 1,766.7% during the third quarter. SJS Investment Consulting Inc. now owns 112 shares of the technology company’s stock valued at $28,000 after purchasing an additional 106 shares in the last quarter. Financial Perspectives Inc purchased a new position in shares of Woodward during the third quarter valued at approximately $30,000. Kilter Group LLC purchased a new position in shares of Woodward during the second quarter valued at approximately $39,000. Finally, True Wealth Design LLC boosted its position in shares of Woodward by 627.3% in the 3rd quarter. True Wealth Design LLC now owns 160 shares of the technology company’s stock worth $40,000 after purchasing an additional 138 shares in the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on WWD. TD Cowen raised their price objective on Woodward from $350.00 to $390.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a report on Wednesday, January 21st. The Goldman Sachs Group lifted their price target on Woodward from $362.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. UBS Group upped their price target on shares of Woodward from $378.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $450.00 price objective on shares of Woodward in a research note on Sunday, February 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Woodward currently has a consensus rating of “Moderate Buy” and an average target price of $354.80.

Insider Activity at Woodward

In other news, COO Thomas G. Cromwell sold 5,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $297.88, for a total transaction of $1,489,400.00. Following the transaction, the chief operating officer directly owned 15,135 shares of the company’s stock, valued at $4,508,413.80. This represents a 24.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John D. Cohn sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $296.33, for a total value of $888,990.00. Following the completion of the transaction, the director owned 21,575 shares in the company, valued at approximately $6,393,319.75. This trade represents a 12.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,450 shares of company stock worth $14,706,235 in the last three months. 0.71% of the stock is currently owned by company insiders.

Woodward Stock Up 0.8%

WWD stock opened at $394.03 on Monday. The stock has a market capitalization of $23.49 billion, a P/E ratio of 49.63, a P/E/G ratio of 2.80 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.05 and a quick ratio of 1.36. Woodward, Inc. has a 1-year low of $146.82 and a 1-year high of $403.31. The business has a fifty day moving average price of $336.80 and a 200-day moving average price of $286.21.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, February 2nd. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.65 by $0.52. Woodward had a return on equity of 19.07% and a net margin of 12.89%.The company had revenue of $996.45 million during the quarter, compared to the consensus estimate of $901.92 million. During the same period last year, the company earned $1.35 EPS. Woodward’s revenue for the quarter was up 28.8% on a year-over-year basis. Woodward has set its FY 2026 guidance at 8.200-8.600 EPS. Equities analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current fiscal year.

Woodward Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, February 19th. This is a positive change from Woodward’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 0.3%. Woodward’s dividend payout ratio is presently 16.12%.

Woodward announced that its board has initiated a share buyback plan on Thursday, November 20th that permits the company to buyback $1.80 billion in shares. This buyback authorization permits the technology company to repurchase up to 11.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.