Osaic Holdings Inc. Has $1.67 Million Stake in Woodward, Inc. $WWD

Osaic Holdings Inc. raised its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 427.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,830 shares of the technology company’s stock after buying an additional 5,534 shares during the period. Osaic Holdings Inc.’s holdings in Woodward were worth $1,671,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Woodward by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 869,117 shares of the technology company’s stock valued at $213,012,000 after acquiring an additional 15,572 shares during the last quarter. Norges Bank bought a new stake in Woodward during the second quarter worth approximately $201,555,000. Sei Investments Co. boosted its position in Woodward by 4.6% during the second quarter. Sei Investments Co. now owns 711,804 shares of the technology company’s stock worth $174,458,000 after purchasing an additional 31,434 shares during the period. Bank of New York Mellon Corp raised its position in shares of Woodward by 31.8% in the second quarter. Bank of New York Mellon Corp now owns 639,139 shares of the technology company’s stock valued at $156,646,000 after purchasing an additional 154,071 shares during the period. Finally, Hawk Ridge Capital Management LP raised its position in shares of Woodward by 5.7% in the first quarter. Hawk Ridge Capital Management LP now owns 593,148 shares of the technology company’s stock valued at $108,244,000 after purchasing an additional 32,225 shares during the period. Institutional investors own 81.18% of the company’s stock.

Insider Buying and Selling

In other news, Director John D. Cohn sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $296.33, for a total transaction of $888,990.00. Following the completion of the transaction, the director directly owned 21,575 shares of the company’s stock, valued at approximately $6,393,319.75. This trade represents a 12.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregg C. Sengstack sold 7,000 shares of Woodward stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $300.76, for a total transaction of $2,105,320.00. Following the sale, the director owned 9,610 shares in the company, valued at approximately $2,890,303.60. This trade represents a 42.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,000 shares of company stock valued at $11,908,210 over the last ninety days. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Woodward from $294.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Wolfe Research set a $300.00 price target on shares of Woodward and gave the company an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen lowered Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft boosted their price objective on Woodward from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 target price on shares of Woodward in a report on Monday, December 1st. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.78.

Woodward Stock Down 1.4%

WWD stock opened at $307.10 on Tuesday. Woodward, Inc. has a twelve month low of $146.82 and a twelve month high of $317.56. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. The company has a market cap of $18.43 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 2.61 and a beta of 1.02. The business’s 50-day simple moving average is $281.65 and its 200 day simple moving average is $259.90.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, November 24th. The technology company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.26. Woodward had a return on equity of 17.68% and a net margin of 12.39%.The company had revenue of $995.26 million during the quarter, compared to the consensus estimate of $943.15 million. During the same quarter last year, the company earned $1.41 EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Woodward has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts anticipate that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward announced that its board has authorized a share repurchase plan on Thursday, November 20th that authorizes the company to buyback $1.80 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.