Shawn Mclevige Sells 2,150 Shares of Woodward (NASDAQ:WWD) Stock

Woodward, Inc. (NASDAQ:WWD) EVP Shawn Mclevige sold 2,150 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was 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 owned 3,098 shares in the company, valued at $1,105,428.36. This trade represents a 40.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Woodward Stock Performance

WWD opened at $373.67 on Wednesday. The company’s 50 day moving average is $396.11 and its 200 day moving average is $378.13. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.14 and a beta of 0.88. Woodward, Inc. has a 12-month low of $233.31 and a 12-month high of $450.92.

Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. Woodward had a net margin of 13.17% and a return on equity of 21.89%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, equities research analysts predict that Woodward, Inc. will post 9.43 EPS for the current year.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Woodward’s payout ratio is presently 14.24%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WWD. Woodline Partners LP purchased a new stake in Woodward in the 1st quarter worth $2,039,000. Focus Partners Wealth lifted its position in shares of Woodward by 35.5% in the first quarter. Focus Partners Wealth now owns 2,390 shares of the technology company’s stock valued at $436,000 after acquiring an additional 626 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Woodward by 684.3% in the first quarter. Acadian Asset Management LLC now owns 5,043 shares of the technology company’s stock valued at $920,000 after acquiring an additional 4,400 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Woodward by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 4,030 shares of the technology company’s stock worth $988,000 after acquiring an additional 265 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Woodward by 11.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506 shares of the technology company’s stock worth $124,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WWD. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $470.00 target price on shares of Woodward in a research report on Friday, May 1st. Truist Financial raised their price objective on Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen lifted their price objective on Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research note on Friday, July 17th. Finally, Susquehanna assumed coverage on shares of Woodward in a report on Tuesday, May 26th. They issued a “positive” rating and a $423.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $406.45.

About Woodward

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.