Hsbc Holdings PLC Has $1.80 Million Holdings in Woodward, Inc. $WWD

Hsbc Holdings PLC decreased its position in Woodward, Inc. (NASDAQ:WWD) by 49.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,047 shares of the technology company’s stock after selling 5,013 shares during the period. Hsbc Holdings PLC’s holdings in Woodward were worth $1,798,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Woodward by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company’s stock worth $451,093,000 after purchasing an additional 106,390 shares during the period. Arbejdsmarkedets Tillaegspension acquired a new position in Woodward in the fourth quarter valued at approximately $24,436,000. Natixis Advisors LLC boosted its holdings in shares of Woodward by 15.4% during the 4th quarter. Natixis Advisors LLC now owns 169,174 shares of the technology company’s stock worth $51,145,000 after buying an additional 22,555 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Woodward by 487.6% during the 4th quarter. SG Americas Securities LLC now owns 18,663 shares of the technology company’s stock worth $5,642,000 after buying an additional 15,487 shares in the last quarter. Finally, Aubrey Capital Management Ltd acquired a new stake in shares of Woodward during the 4th quarter worth approximately $2,812,000. Institutional investors own 81.18% of the company’s stock.

Analysts Set New Price Targets

WWD has been the subject of several research analyst reports. Wells Fargo & Company initiated coverage on shares of Woodward in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $440.00 price objective for the company. Wall Street Zen lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Truist Financial raised their price target on shares of Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. UBS Group lifted their price target on shares of Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada began coverage on shares of Woodward in a report on Thursday, April 16th. They set an “outperform” rating and a $450.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Woodward currently has an average rating of “Buy” and a consensus target price of $395.50.

Insider Buying and Selling at Woodward

In related news, 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 value of $5,233,935.00. Following the sale, the director owned 4,434 shares in the company, valued at $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 available at this link. Also, EVP Karrie M. Bem sold 280 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $372.66, for a total transaction of $104,344.80. Following the completion of the transaction, the executive vice president directly owned 4,297 shares in the company, valued at approximately $1,601,320.02. The trade was a 6.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 15,629 shares of company stock worth $5,570,005. Corporate insiders own 0.71% of the company’s stock.

Woodward Stock Performance

NASDAQ WWD opened at $419.00 on Monday. The company has a market cap of $24.97 billion, a price-to-earnings ratio of 50.18, a P/E/G ratio of 2.50 and a beta of 0.86. Woodward, Inc. has a 52 week low of $233.31 and a 52 week high of $450.92. The business has a 50 day moving average price of $392.11 and a 200-day moving average price of $375.37. The company has a quick ratio of 1.19, a current ratio of 1.73 and a debt-to-equity ratio of 0.18.

Woodward (NASDAQ:WWD) last issued its earnings results 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. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. Woodward’s revenue for the quarter was up 23.4% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. As a group, equities analysts expect that Woodward, Inc. will post 9.34 earnings per share for the current fiscal year.

Woodward Dividend Announcement

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

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.