Jennison Associates LLC Sells 53,475 Shares of Woodward, Inc. $WWD

Jennison Associates LLC lowered its holdings in Woodward, Inc. (NASDAQ:WWD) by 30.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,386 shares of the technology company’s stock after selling 53,475 shares during the quarter. Jennison Associates LLC’s holdings in Woodward were worth $42,731,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WWD. Kera Capital Partners Inc. lifted its holdings in shares of Woodward by 4.9% during the first quarter. Kera Capital Partners Inc. now owns 1,350 shares of the technology company’s stock worth $483,000 after buying an additional 63 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Woodward in the first quarter valued at approximately $2,380,000. Bessemer Group Inc. grew its stake in shares of Woodward by 3.1% in the first quarter. Bessemer Group Inc. now owns 1,116 shares of the technology company’s stock worth $399,000 after acquiring an additional 34 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Woodward in the first quarter worth $268,000. Finally, Calamos Advisors LLC bought a new position in Woodward during the first quarter worth $370,000. 81.18% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Karrie M. Bem sold 185 shares of Woodward stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $355.00, for a total transaction of $65,675.00. Following the sale, the executive vice president directly owned 3,648 shares in the company, valued at approximately $1,295,040. The trade was a 4.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel G. Korte sold 14,700 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were 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 position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 15,629 shares of company stock worth $5,570,005. 0.71% of the stock is owned by company insiders.

Woodward Stock Performance

Shares of NASDAQ WWD opened at $390.75 on Tuesday. The business has a fifty day simple moving average of $388.30 and a 200 day simple moving average of $372.52. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.28 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.34 and a beta of 0.86. Woodward, Inc. has a one year low of $233.31 and a one year high of $450.92.

Woodward (NASDAQ:WWD) last issued its earnings results on Wednesday, April 29th. The technology company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.10 by $0.17. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $1.69 earnings per share. Woodward’s quarterly revenue was up 23.4% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. Sell-side analysts expect that Woodward, Inc. will post 9.34 EPS for the current year.

Woodward Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward’s dividend payout ratio (DPR) is presently 15.33%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank Of Canada started coverage on shares of Woodward in a research note on Thursday, April 16th. They set an “outperform” rating and a $450.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $470.00 price objective on shares of Woodward in a research report on Friday, May 1st. Zacks Research upgraded shares of Woodward from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Susquehanna assumed coverage on Woodward in a research report on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $395.50.

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.