Pinnbrook Capital Management LP Sells 23,445 Shares of Woodward, Inc. $WWD

Pinnbrook Capital Management LP cut its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 74.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,045 shares of the technology company’s stock after selling 23,445 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Woodward were worth $2,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in shares of Woodward by 2.6% in the third quarter. AdvisorNet Financial Inc now owns 1,586 shares of the technology company’s stock valued at $401,000 after purchasing an additional 40 shares during the period. Bessemer Group Inc. increased its holdings in Woodward by 3.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,221 shares of the technology company’s stock worth $308,000 after purchasing an additional 41 shares during the period. Wealthstream Advisors Inc. raised its position in Woodward by 2.8% during the 3rd quarter. Wealthstream Advisors Inc. now owns 1,553 shares of the technology company’s stock valued at $392,000 after purchasing an additional 42 shares in the last quarter. AE Wealth Management LLC raised its position in Woodward by 1.7% during the 2nd quarter. AE Wealth Management LLC now owns 2,626 shares of the technology company’s stock valued at $644,000 after purchasing an additional 43 shares in the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of Woodward by 3.0% in the 3rd quarter. Compound Planning Inc. now owns 1,596 shares of the technology company’s stock worth $403,000 after buying an additional 47 shares during the period. Institutional investors own 81.18% of the company’s stock.

Woodward Stock Down 1.4%

Shares of NASDAQ WWD opened at $356.80 on Friday. Woodward, Inc. has a 12-month low of $146.82 and a 12-month high of $403.31. The stock’s fifty day simple moving average is $360.55 and its two-hundred day simple moving average is $299.91. The stock has a market capitalization of $21.27 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The company has a current ratio of 2.05, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, February 2nd. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.65 by $0.52. The firm had revenue of $996.45 million during the quarter, compared to analyst estimates of $901.92 million. Woodward had a return on equity of 19.07% and a net margin of 12.89%.The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. Woodward has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 20th that allows the company to buyback $1.80 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Woodward Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, February 19th. This is a positive change from Woodward’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Woodward’s payout ratio is currently 16.12%.

Insider Buying and Selling at Woodward

In other news, Director Eileen P. Paterson sold 5,200 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $378.15, for a total value of $1,966,380.00. Following the sale, the director directly owned 2,538 shares in the company, valued at approximately $959,744.70. This trade represents a 67.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas G. Cromwell sold 5,000 shares of Woodward stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $297.88, for a total transaction of $1,489,400.00. Following the completion of the transaction, the chief operating officer directly owned 15,135 shares in the company, valued at approximately $4,508,413.80. The trade was a 24.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 31,925 shares of company stock valued at $11,692,560. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WWD. Melius Research raised Woodward from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Zacks Research upgraded Woodward from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Woodward in a research note on Sunday, February 8th. Truist Financial increased their target price on shares of Woodward from $366.00 to $404.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of Woodward from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $354.80.

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.