Nisa Investment Advisors LLC Sells 1,759 Shares of Woodward, Inc. $WWD

Nisa Investment Advisors LLC lowered its position in Woodward, Inc. (NASDAQ:WWD) by 12.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,668 shares of the technology company’s stock after selling 1,759 shares during the period. Nisa Investment Advisors LLC’s holdings in Woodward were worth $4,163,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bard Associates Inc. acquired a new stake in Woodward during the 2nd quarter worth $28,000. Washington Trust Advisors Inc. acquired a new position in shares of Woodward during the second quarter worth about $33,000. Pension & Wealth Management Advisors Inc. acquired a new position in Woodward during the 3rd quarter worth approximately $34,000. Elevation Wealth Partners LLC grew its stake in shares of Woodward by 550.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock worth $39,000 after acquiring an additional 77 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Woodward by 82.5% in 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 during the last quarter. Institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Guggenheim initiated coverage on shares of Woodward in a research report on Monday, September 14th. They issued a “buy” rating and a $404.00 price objective on the stock. Royal Bank Of Canada cut their price objective on Woodward from $450.00 to $430.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Jefferies Financial Group reduced their target price on shares of Woodward from $450.00 to $420.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a report on Thursday, October 15th. Finally, TD Cowen lowered their target price on shares of Woodward from $420.00 to $380.00 and set a “hold” rating on the stock in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and an average target price of $418.36.

Woodward Stock Down 0.4%

NASDAQ WWD opened at $303.55 on Friday. The business has a fifty day moving average price of $333.27 and a two-hundred day moving average price of $366.29. The stock has a market capitalization of $17.92 billion, a PE ratio of 33.77, a PEG ratio of 1.59 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. Woodward, Inc. has a fifty-two week low of $253.52 and a fifty-two week high of $450.92.

Woodward (NASDAQ:WWD) last released its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. Woodward had a return on equity of 21.89% and a net margin of 13.17%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. Equities analysts expect that Woodward, Inc. will post 9.46 earnings per share for the current fiscal year.

Woodward Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Woodward’s dividend payout ratio (DPR) is 14.24%.

Insider Buying and Selling at Woodward

In other news, EVP Shawn McLevige sold 2,150 shares of the business’s stock in a transaction dated 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 directly owned 3,098 shares in the company, valued at approximately $1,105,428.36. The trade was a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.

Woodward Profile

Woodward, Inc is an independent designer, manufacturer and service provider of control systems and components for the aerospace and industrial markets. The company develops technologies that help manage the flow of fuel, air, and other fluids, as well as mechanical and electrical energy, in engines and other power-generation systems.

Its aerospace products include fuel pumps and metering systems, engine controls, actuators, air valves, and electric power-management systems for commercial aircraft, business aviation, military aircraft, helicopters, and space applications.