Woodward (NASDAQ:WWD) Director Sells $5,233,935.00 in Stock

Woodward, Inc. (NASDAQ:WWD) Director Daniel Korte sold 14,700 shares of the company’s stock in a transaction that occurred on 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 directly owned 4,434 shares of the company’s stock, valued at approximately $1,578,725.70. This represents a 76.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Woodward Stock Down 3.5%

WWD opened at $367.27 on Thursday. The business has a 50 day moving average price of $368.14 and a two-hundred day moving average price of $349.81. The company has a quick ratio of 1.19, a current ratio of 1.73 and a debt-to-equity ratio of 0.18. The company has a market cap of $21.88 billion, a PE ratio of 43.98, a P/E/G ratio of 2.27 and a beta of 0.89. Woodward, Inc. has a 52 week low of $228.71 and a 52 week high of $407.00.

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

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.28 annualized dividend and a yield of 0.3%. Woodward’s dividend payout ratio is currently 15.33%.

Wall Street Analysts Forecast Growth

WWD has been the subject of a number of analyst reports. Wall Street Zen downgraded Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group increased their target price on Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company initiated coverage on Woodward in a research note on Wednesday, April 1st. They set an “overweight” rating and a $440.00 target price for the company. Royal Bank Of Canada initiated coverage on Woodward in a research note on Thursday, April 16th. They set an “outperform” rating and a $450.00 target price for the company. Finally, Truist Financial increased their target price on Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.00.

Hedge Funds Weigh In On Woodward

Hedge funds have recently bought and sold shares of the stock. Ameriflex Group Inc. purchased a new position in Woodward during the third quarter worth $26,000. Parallel Advisors LLC increased its position in Woodward by 82.5% during the first quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $41,000 after buying an additional 52 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Woodward during the fourth quarter worth $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Woodward during the fourth quarter worth $44,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Woodward during the fourth quarter worth $61,000. Hedge funds and other institutional investors own 81.18% of the company’s stock.

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.