Pallas Capital Advisors LLC Buys New Shares in Woodward, Inc. $WWD

Pallas Capital Advisors LLC purchased a new stake in Woodward, Inc. (NASDAQ:WWD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,319 shares of the technology company’s stock, valued at approximately $987,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WWD. Aster Capital Management DIFC Ltd acquired a new position in shares of Woodward during the 4th quarter worth about $35,000. Elevation Wealth Partners LLC increased its position in shares of Woodward by 550.0% in the second quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock valued at $39,000 after acquiring an additional 77 shares during the last quarter. Parallel Advisors LLC increased its position 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 acquiring an additional 52 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Woodward during the fourth quarter worth about $61,000. Finally, Persistent Asset Partners Ltd bought a new stake in Woodward during the second quarter worth about $65,000. 81.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WWD has been the subject of a number of analyst reports. Zacks Research downgraded Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. TD Cowen upped their price objective on Woodward from $390.00 to $420.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a report on Friday, July 17th. UBS Group raised their target price 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, Susquehanna assumed coverage on shares of Woodward in a report on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $406.45.

Woodward Trading Down 1.1%

Shares of NASDAQ:WWD opened at $366.20 on Wednesday. Woodward, Inc. has a 52-week low of $233.31 and a 52-week high of $450.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.65. The company has a market capitalization of $21.62 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.88. The company has a 50-day simple moving average of $397.80 and a 200 day simple moving average of $380.46.

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

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. Woodward’s payout ratio is presently 14.24%.

Insiders Place Their Bets

In related news, EVP Shawn M. Mclevige sold 2,150 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $356.82, for a total value of $767,163.00. Following the sale, the executive vice president owned 3,098 shares in the company, valued at approximately $1,105,428.36. This represents a 40.97% decrease in their position. The transaction 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 firm’s stock in a transaction 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 $1,578,725.70. This represents a 76.83% decrease in their position. The SEC filing for this sale provides additional information. 0.71% of the stock is currently owned by corporate insiders.

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.