Woodward (NASDAQ:WWD) Director Daniel Korte Sells 14,700 Shares

Woodward, Inc. (NASDAQ:WWD) Director Daniel Korte sold 14,700 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Woodward Trading Up 0.6%

NASDAQ WWD opened at $359.79 on Tuesday. The company has a fifty day simple moving average of $367.03 and a two-hundred day simple moving average of $348.19. The stock has a market cap of $21.44 billion, a P/E ratio of 43.09, a P/E/G ratio of 2.13 and a beta of 0.89. Woodward, Inc. has a 12-month low of $227.00 and a 12-month high of $407.00. 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 (NASDAQ:WWD) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.27 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 earnings per share. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. On average, analysts forecast that Woodward, Inc. will post 9.34 earnings per share for the current year.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.32 dividend. The ex-dividend date was Thursday, May 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. Woodward’s dividend payout ratio is presently 15.33%.

Wall Street Analyst Weigh In

WWD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $470.00 price objective on shares of Woodward in a research note on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research note on Monday, April 20th. Royal Bank Of Canada initiated coverage on shares of Woodward in a research report on Thursday, April 16th. They set an “outperform” rating and a $450.00 price target on the stock. Truist Financial raised their price target on shares of Woodward from $404.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Susquehanna initiated coverage on shares of Woodward in a research report on Tuesday, May 26th. They set a “positive” rating and a $423.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $393.00.

Hedge Funds Weigh In On Woodward

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. purchased a new position in Woodward during the third quarter valued at $26,000. Parallel Advisors LLC lifted its holdings in Woodward by 82.5% during the first quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $41,000 after purchasing an additional 52 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Woodward during the fourth quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Woodward during the fourth quarter valued at $44,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Woodward during the fourth quarter valued at $61,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Company Profile

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.