Fiduciary Alliance LLC Reduces Position in Woodward, Inc. $WWD

Fiduciary Alliance LLC decreased its position in Woodward, Inc. (NASDAQ:WWD) by 54.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,449 shares of the technology company’s stock after selling 4,142 shares during the period. Fiduciary Alliance LLC’s holdings in Woodward were worth $1,356,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in Woodward during the 3rd quarter valued at $26,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Woodward in the fourth quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Woodward in the fourth quarter valued at about $44,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Woodward during the fourth quarter valued at about $61,000. Finally, Global Retirement Partners LLC raised its stake in shares of Woodward by 131.1% during the fourth quarter. Global Retirement Partners LLC now owns 282 shares of the technology company’s stock valued at $85,000 after acquiring an additional 160 shares during the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Trading Up 0.8%

Shares of WWD opened at $436.44 on Friday. Woodward, Inc. has a 1-year low of $233.31 and a 1-year high of $450.92. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $376.30 and its 200-day moving average price is $359.73. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 52.27, a PEG ratio of 2.58 and a beta of 0.89.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.17. Woodward had a net margin of 12.85% and a return on equity of 20.12%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. Woodward’s revenue was up 23.4% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. Sell-side analysts anticipate that Woodward, Inc. will post 9.34 EPS for the current year.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th. Woodward’s dividend payout ratio is presently 15.33%.

Insiders Place Their Bets

In other Woodward news, EVP Karrie M. Bem sold 280 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $372.66, for a total transaction of $104,344.80. Following the completion of the transaction, the executive vice president owned 4,297 shares of the company’s stock, valued at approximately $1,601,320.02. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $5,233,935.00. Following the sale, the director owned 4,434 shares in the company, valued at approximately $1,578,725.70. This trade represents a 76.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,629 shares of company stock valued at $5,570,005. 0.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WWD has been the topic of several recent analyst reports. Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada began coverage on Woodward in a research report on Thursday, April 16th. They set an “outperform” rating and a $450.00 price target for the company. Truist Financial increased their price objective on Woodward from $404.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research report on Monday, April 20th. Finally, UBS Group boosted their target price on Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $393.00.

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.