Corient Private Wealth LP Purchases Shares of 29,275 Woodward, Inc. $WWD

Corient Private Wealth LP purchased a new stake in Woodward, Inc. (NASDAQ:WWD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,275 shares of the technology company’s stock, valued at approximately $12,455,000.

A number of other hedge funds also recently made changes to their positions in WWD. BlackRock Inc. acquired a new stake in Woodward during the 2nd quarter valued at approximately $2,984,684,000. Norges Bank bought a new position in Woodward during the fourth quarter worth $251,365,000. Bank of America Corp DE acquired a new position in Woodward in the second quarter valued at $303,698,000. Findlay Park Partners LLP acquired a new position in Woodward in the second quarter valued at $231,958,000. Finally, Invesco Ltd. boosted its position in Woodward by 122.0% during the third quarter. Invesco Ltd. now owns 905,578 shares of the technology company’s stock valued at $228,849,000 after acquiring an additional 497,722 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Woodward Trading Down 1.3%

Shares of WWD stock opened at $341.81 on Friday. Woodward, Inc. has a 12-month low of $233.31 and a 12-month high of $450.92. 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 company has a 50 day moving average of $387.62 and a 200-day moving average of $379.75. The firm has a market cap of $20.18 billion, a P/E ratio of 38.02, a PEG ratio of 2.01 and a beta of 0.88.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. Woodward had a return on equity of 21.89% and a net margin of 13.17%.The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $1.76 earnings per share. Woodward’s revenue was up 21.2% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. Sell-side analysts anticipate that Woodward, Inc. will post 9.46 earnings per share for the current 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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, August 20th. Woodward’s payout ratio is currently 14.24%.

Insider Buying and Selling at Woodward

In other Woodward news, EVP Shawn M. Mclevige sold 2,150 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $356.82, for a total transaction of $767,163.00. Following the sale, the executive vice president 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel G. Korte sold 14,700 shares of the 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 completion of the sale, the director directly owned 4,434 shares in the company, valued at approximately $1,578,725.70. The trade was a 76.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen lowered Woodward from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Royal Bank Of Canada lowered their price objective on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Truist Financial boosted their target price on shares of Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. TD Cowen upped their price target on Woodward from $390.00 to $420.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and a consensus target price of $419.00.

Woodward 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.