PDT Partners LLC Buys New Shares in Woodward, Inc. $WWD

PDT Partners LLC purchased a new stake in Woodward, Inc. (NASDAQ:WWD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,838 shares of the technology company’s stock, valued at approximately $2,484,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Woodward in the 2nd quarter valued at about $2,984,684,000. State Street Corp increased its position in Woodward by 3.5% during the third quarter. State Street Corp now owns 2,388,758 shares of the technology company’s stock worth $603,663,000 after buying an additional 80,538 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Woodward by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company’s stock valued at $451,093,000 after buying an additional 106,390 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Woodward by 45.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company’s stock valued at $322,060,000 after buying an additional 334,333 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Woodward by 8.5% during the 4th quarter. Invesco Ltd. now owns 982,448 shares of the technology company’s stock worth $297,014,000 after acquiring an additional 76,870 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Up 1.8%

Shares of NASDAQ:WWD opened at $345.91 on Thursday. The business’s 50 day simple moving average is $391.06 and its 200 day simple moving average is $380.31. Woodward, Inc. has a 1 year low of $233.31 and a 1 year high of $450.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. The company has a market capitalization of $20.43 billion, a P/E ratio of 38.48, a P/E/G ratio of 1.99 and a beta of 0.88.

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

Woodward Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.28 annualized dividend and a yield of 0.4%. Woodward’s dividend payout ratio is currently 14.24%.

Insider Transactions at Woodward

In other Woodward news, Director Daniel G. Korte sold 14,700 shares of the 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 sale, the director directly owned 4,434 shares in the company, valued at $1,578,725.70. This represents a 76.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shawn M. Mclevige sold 2,150 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $356.82, for a total transaction of $767,163.00. Following the completion of the transaction, the executive vice president directly owned 3,098 shares in the company, valued at approximately $1,105,428.36. This represents a 40.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

WWD has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Woodward from $427.00 to $429.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $470.00 price target on shares of Woodward in a report on Friday, May 1st. Royal Bank Of Canada reduced their price objective on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Wall Street Zen lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Susquehanna started coverage on shares of Woodward in a research note on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $419.00.

Woodward 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.