33,315 Shares in Woodward, Inc. $WWD Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of Woodward, Inc. (NASDAQ:WWD) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 33,315 shares of the technology company’s stock, valued at approximately $14,174,000.

Several other institutional investors and hedge funds also recently bought and sold shares of WWD. Geode Capital Management LLC lifted its position in Woodward by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company’s stock worth $451,093,000 after buying an additional 106,390 shares in the last quarter. Tribune Investment Group LP acquired a new stake in shares of Woodward during the 2nd quarter valued at $5,752,000. BlackRock Inc. purchased a new position in shares of Woodward during the 2nd quarter valued at $2,984,684,000. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Woodward during the 4th quarter valued at $24,436,000. Finally, Natixis Advisors LLC increased its stake in shares of Woodward by 15.4% in the fourth quarter. Natixis Advisors LLC now owns 169,174 shares of the technology company’s stock worth $51,145,000 after acquiring an additional 22,555 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel G. Korte sold 14,700 shares of the business’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 completion of the sale, the director directly owned 4,434 shares in the company, valued at approximately $1,578,725.70. The trade was a 76.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shawn M. Mclevige sold 2,150 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 3,098 shares of the company’s stock, valued at approximately $1,105,428.36. This represents a 40.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is currently owned by insiders.

Woodward Stock Performance

WWD opened at $341.81 on Monday. The company has a market cap of $20.18 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.88. The stock has a 50-day moving average of $387.62 and a 200-day moving average of $379.65. 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.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.52 earnings per share 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business earned $1.76 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, equities research analysts forecast that Woodward, Inc. will post 9.46 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.32 dividend. 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 0.4%. Woodward’s dividend payout ratio (DPR) is currently 14.24%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. 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 report on Thursday, July 30th. Susquehanna assumed coverage on Woodward in a research report on Tuesday, May 26th. They issued a “positive” rating and a $423.00 target price on the stock. Wall Street Zen lowered Woodward from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Truist Financial raised their price objective on shares of Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Woodward has an average rating of “Moderate Buy” and a consensus price target of $419.00.

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.