Lombard Odier Asset Management USA Corp acquired a new stake in Woodward, Inc. (NASDAQ:WWD – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,692 shares of the technology company’s stock, valued at approximately $606,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WWD. Geode Capital Management LLC boosted its stake in Woodward by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company’s stock valued at $451,093,000 after acquiring an additional 106,390 shares in the last quarter. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Woodward during the fourth quarter worth approximately $24,436,000. Natixis Advisors LLC boosted its holdings in shares of Woodward by 15.4% in the fourth quarter. Natixis Advisors LLC now owns 169,174 shares of the technology company’s stock valued at $51,145,000 after acquiring an additional 22,555 shares in the last quarter. Wealth Enhancement Trust Services Inc. acquired a new position in Woodward during the 4th quarter worth approximately $1,164,000. Finally, Aubrey Capital Management Ltd purchased a new stake in shares of Woodward in the fourth quarter valued at approximately $2,812,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the company’s stock in a transaction dated 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 directly owned 4,434 shares of the company’s stock, valued at approximately $1,578,725.70. This represents a 76.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Karrie M. Bem sold 280 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $372.66, for a total transaction of $104,344.80. Following the sale, the executive vice president owned 4,297 shares of the company’s stock, valued at approximately $1,601,320.02. This represents a 6.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,629 shares of company stock worth $5,570,005 over the last three months. Corporate insiders own 0.71% of the company’s stock.
Wall Street Analysts Forecast Growth
Woodward Price Performance
Shares of NASDAQ WWD opened at $419.00 on Friday. Woodward, Inc. has a 1-year low of $233.31 and a 1-year high of $450.92. The business has a 50-day moving average of $392.11 and a 200-day moving average of $374.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.73 and a quick ratio of 1.19. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 2.50 and a beta of 0.86.
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 (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.17. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.01 billion. Woodward had a net margin of 12.85% and a return on equity of 20.12%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. 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. On average, equities analysts anticipate that Woodward, Inc. will post 9.34 EPS for the current fiscal year.
Woodward Dividend Announcement
The firm also recently disclosed 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 yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward’s dividend payout ratio is 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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