Canada Pension Plan Investment Board Buys Shares of 55,360 Woodward, Inc. $WWD

Canada Pension Plan Investment Board purchased a new position in Woodward, Inc. (NASDAQ:WWDFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 55,360 shares of the technology company’s stock, valued at approximately $23,552,000. Canada Pension Plan Investment Board owned 0.09% of Woodward as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bard Associates Inc. bought a new position in Woodward during the second quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new position in Woodward during the 4th quarter valued at $35,000. Elevation Wealth Partners LLC boosted its holdings in Woodward by 550.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock valued at $39,000 after purchasing an additional 77 shares during the period. Parallel Advisors LLC boosted its holdings in Woodward by 82.5% in the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $41,000 after purchasing an additional 52 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Woodward in the 4th quarter worth $61,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Woodward Stock Down 1.3%

WWD opened at $341.81 on Friday. The company has a market capitalization of $20.18 billion, a P/E ratio of 38.02, a P/E/G ratio of 2.03 and a beta of 0.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. The firm’s fifty day moving average price is $387.62 and its two-hundred day moving average price is $379.75. Woodward, Inc. has a fifty-two week low of $233.31 and a fifty-two week high of $450.92.

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

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Woodward’s payout ratio is presently 14.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WWD shares. Wall Street Zen downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research note on Friday, July 17th. Zacks Research downgraded Woodward from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $470.00 price target on shares of Woodward in a research note on Friday, May 1st. Finally, TD Cowen upped their price target on Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Woodward has an average rating of “Moderate Buy” and an average target price of $419.00.

View Our Latest Stock Report on Woodward

Insider Activity

In related news, Director Daniel G. Korte sold 14,700 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 4,434 shares of the company’s stock, valued at $1,578,725.70. This represents a 76.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Shawn M. Mclevige sold 2,150 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $356.82, for a total transaction of $767,163.00. Following the transaction, the executive vice president owned 3,098 shares of the company’s stock, valued at approximately $1,105,428.36. This represents a 40.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Woodward Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Woodward (NASDAQ:WWD)

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