Pinnbrook Capital Management LP Reduces Holdings in Woodward, Inc. $WWD

Pinnbrook Capital Management LP lowered its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 74.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,045 shares of the technology company’s stock after selling 23,445 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Woodward were worth $2,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WWD. Perbak Capital Partners LLP acquired a new stake in Woodward in the 3rd quarter worth approximately $430,000. Alpha Wave Global LP grew its position in Woodward by 8.5% during the 3rd quarter. Alpha Wave Global LP now owns 117,883 shares of the technology company’s stock worth $29,790,000 after purchasing an additional 9,270 shares during the last quarter. Jump Financial LLC increased its stake in Woodward by 683.6% during the 3rd quarter. Jump Financial LLC now owns 38,630 shares of the technology company’s stock valued at $9,762,000 after purchasing an additional 33,700 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Woodward by 1.4% in the third quarter. Pathstone Holdings LLC now owns 14,090 shares of the technology company’s stock worth $3,561,000 after buying an additional 190 shares during the last quarter. Finally, Eisler Capital Management Ltd. purchased a new position in shares of Woodward in the third quarter worth $4,064,000. 81.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WWD. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a report on Wednesday, January 21st. Truist Financial raised their target price on Woodward from $366.00 to $404.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Melius Research raised Woodward from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Woodward from $430.00 to $445.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group increased their price objective on Woodward from $362.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Woodward presently has a consensus rating of “Moderate Buy” and an average target price of $354.80.

Insider Buying and Selling at Woodward

In related news, Director Eileen P. Paterson sold 5,200 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $378.15, for a total transaction of $1,966,380.00. Following the sale, the director directly owned 2,538 shares of the company’s stock, valued at $959,744.70. This trade represents a 67.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas G. Cromwell sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $297.88, for a total value of $1,489,400.00. Following the completion of the sale, the chief operating officer owned 15,135 shares in the company, valued at approximately $4,508,413.80. This represents a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 31,925 shares of company stock worth $11,692,560. Insiders own 0.71% of the company’s stock.

Woodward Stock Down 1.4%

WWD stock opened at $356.80 on Friday. The company has a market capitalization of $21.27 billion, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. Woodward, Inc. has a 12 month low of $146.82 and a 12 month high of $403.31. The firm’s fifty day simple moving average is $360.55 and its 200-day simple moving average is $299.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.05 and a quick ratio of 1.36.

Woodward (NASDAQ:WWD) last issued its earnings results on Monday, February 2nd. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.52. The firm had revenue of $996.45 million during the quarter, compared to analysts’ expectations of $901.92 million. Woodward had a net margin of 12.89% and a return on equity of 19.07%. The firm’s revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 earnings per share. Woodward has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, equities research analysts forecast that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, February 19th. This is an increase from Woodward’s previous quarterly dividend of $0.28. Woodward’s dividend payout ratio (DPR) is 16.12%.

Woodward declared that its Board of Directors has authorized a share buyback plan on Thursday, November 20th that authorizes the company to repurchase $1.80 billion in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.