Woodward, Inc. (NASDAQ:WWD – Get Free Report) Director Daniel Korte sold 14,700 shares of the stock in a transaction on Thursday, June 4th. The shares were 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 $1,578,725.70. The trade was a 76.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Woodward Stock Performance
Shares of NASDAQ WWD traded up $2.05 during midday trading on Monday, hitting $359.79. 662,950 shares of the stock traded hands, compared to its average volume of 691,498. The firm has a 50-day moving average of $366.95 and a two-hundred day moving average of $347.47. The firm has a market capitalization of $21.44 billion, a P/E ratio of 43.09, a PEG ratio of 2.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. Woodward, Inc. has a one year low of $227.00 and a one year high of $407.00.
Woodward (NASDAQ:WWD – Get Free Report) last released its quarterly earnings results 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. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $1.69 EPS. The company’s 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, equities analysts forecast that Woodward, Inc. will post 9.34 EPS for the current fiscal year.
Woodward Dividend Announcement
Institutional Investors Weigh In On Woodward
A number of institutional investors have recently bought and sold shares of WWD. Woodline Partners LP purchased a new stake in Woodward in the 1st quarter worth $2,039,000. Focus Partners Wealth increased its stake in Woodward by 35.5% in the 1st quarter. Focus Partners Wealth now owns 2,390 shares of the technology company’s stock worth $436,000 after buying an additional 626 shares in the last quarter. Acadian Asset Management LLC increased its stake in Woodward by 684.3% in the 1st quarter. Acadian Asset Management LLC now owns 5,043 shares of the technology company’s stock worth $920,000 after buying an additional 4,400 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Woodward by 7.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,030 shares of the technology company’s stock worth $988,000 after buying an additional 265 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in 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 buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Analyst Ratings Changes
WWD has been the topic of a number of recent research reports. UBS Group raised their target price on Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a report on Monday, April 20th. Wall Street Zen cut Woodward from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Truist Financial raised their target price on Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a report 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 on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.00.
View Our Latest Stock Report on Woodward
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.
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