Nisa Investment Advisors LLC cut its stake in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 12.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,668 shares of the technology company’s stock after selling 1,759 shares during the period. Nisa Investment Advisors LLC’s holdings in Woodward were worth $4,163,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WWD. Varenne Capital Partners bought a new stake in shares of Woodward in the 2nd quarter valued at approximately $36,830,000. Tribune Investment Group LP acquired a new position in shares of Woodward during the 2nd quarter worth $5,752,000. BlackRock Inc. acquired a new stake in Woodward in the 2nd quarter worth approximately $2,984,684,000. Ceredex Value Advisors LLC bought a new position in shares of Woodward in the second quarter valued at approximately $24,101,000. Finally, Assenagon Asset Management S.A. bought a new position in Woodward in the 2nd quarter worth $57,599,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.
Wall Street Analysts Forecast Growth
WWD has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on Woodward from $450.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Wall Street Zen lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Royal Bank Of Canada dropped their price objective on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Zacks Research lowered Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Woodward has an average rating of “Moderate Buy” and an average price target of $418.36.
Get Our Latest Stock Report on WWD
Woodward Stock Performance
Woodward stock opened at $303.55 on Friday. Woodward, Inc. has a 12-month low of $253.52 and a 12-month high of $450.92. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 1.59 and a beta of 0.86. The company has a quick ratio of 1.14, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $333.27 and a 200 day simple moving average of $366.29.
Woodward (NASDAQ:WWD – Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. Woodward had a net margin of 13.17% and a return on equity of 21.89%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business earned $1.76 earnings per share. Woodward’s quarterly revenue was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, research analysts anticipate that Woodward, Inc. will post 9.46 earnings per share for the current fiscal year.
Woodward Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 19th. Woodward’s payout ratio is currently 14.24%.
Insider Buying and Selling at Woodward
In related news, EVP Shawn McLevige sold 2,150 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the transaction, the executive vice president directly owned 3,098 shares in the company, valued at $1,105,428.36. This represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.71% of the stock is currently owned by company insiders.
Woodward Profile
Woodward, Inc is an independent designer, manufacturer and service provider of control systems and components for the aerospace and industrial markets. The company develops technologies that help manage the flow of fuel, air, and other fluids, as well as mechanical and electrical energy, in engines and other power-generation systems.
Its aerospace products include fuel pumps and metering systems, engine controls, actuators, air valves, and electric power-management systems for commercial aircraft, business aviation, military aircraft, helicopters, and space applications.
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