Resources Management Corp CT ADV lowered its stake in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 51.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,848 shares of the technology company’s stock after selling 1,985 shares during the quarter. Resources Management Corp CT ADV’s holdings in Woodward were worth $559,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Woodward during the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Woodward in the 4th quarter worth $44,000. Global Retirement Partners LLC raised its position in Woodward by 131.1% in the 4th quarter. Global Retirement Partners LLC now owns 282 shares of the technology company’s stock worth $85,000 after purchasing an additional 160 shares during the period. Leonteq Securities AG purchased a new position in Woodward in the 4th quarter worth $101,000. Finally, Smartleaf Asset Management LLC raised its position in Woodward by 107.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 411 shares of the technology company’s stock worth $101,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Analyst Upgrades and Downgrades
WWD has been the topic of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of Woodward in a research report on Thursday, April 16th. They issued an “outperform” rating and a $450.00 target price on the stock. Truist Financial lifted their target price on shares of Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Susquehanna initiated coverage on shares of Woodward in a research report on Tuesday, May 26th. They issued a “positive” rating and a $423.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. Finally, UBS Group lifted their target price on shares of Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $393.00.
Insider Transactions at Woodward
In other news, EVP Karrie M. Bem sold 185 shares of Woodward stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $355.00, for a total transaction of $65,675.00. Following the sale, the executive vice president owned 3,648 shares of the company’s stock, valued at approximately $1,295,040. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel G. Korte sold 14,700 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,629 shares of company stock worth $5,570,005 in the last ninety days. Insiders own 0.71% of the company’s stock.
Woodward Trading Up 4.0%
Shares of WWD opened at $402.50 on Tuesday. The firm’s 50-day moving average price is $369.58 and its 200-day moving average price is $352.35. The firm has a market capitalization of $23.98 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 2.31 and a beta of 0.89. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. Woodward, Inc. has a 1-year low of $233.31 and a 1-year high of $407.00.
Woodward (NASDAQ:WWD – Get Free Report) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. Sell-side analysts anticipate that Woodward, Inc. will post 9.34 EPS for the current year.
Woodward Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. Woodward’s payout ratio is presently 15.33%.
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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