Red Spruce Capital LLC Cuts Stock Holdings in Woodward, Inc. $WWD

Red Spruce Capital LLC lowered its holdings in Woodward, Inc. (NASDAQ:WWD) by 39.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,584 shares of the technology company’s stock after selling 5,587 shares during the quarter. Woodward comprises approximately 1.3% of Red Spruce Capital LLC’s holdings, making the stock its 25th largest holding. Red Spruce Capital LLC’s holdings in Woodward were worth $3,652,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of WWD. NewEdge Advisors LLC boosted its stake in shares of Woodward by 1.5% during the first quarter. NewEdge Advisors LLC now owns 2,059 shares of the technology company’s stock valued at $737,000 after purchasing an additional 31 shares in the last quarter. Bessemer Group Inc. raised its stake in Woodward by 3.1% in the first quarter. Bessemer Group Inc. now owns 1,116 shares of the technology company’s stock worth $399,000 after buying an additional 34 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in Woodward by 5.4% during the first quarter. Meeder Advisory Services Inc. now owns 758 shares of the technology company’s stock worth $271,000 after buying an additional 39 shares during the period. Quadrant Capital Group LLC boosted its position in Woodward by 1.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,327 shares of the technology company’s stock valued at $841,000 after acquiring an additional 48 shares in the last quarter. Finally, Quest Investment Management LLC boosted its position in Woodward by 1.2% during the 3rd quarter. Quest Investment Management LLC now owns 4,313 shares of the technology company’s stock valued at $1,090,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research raised Woodward from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada cut their target price on Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Truist Financial boosted their target price on shares of Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $470.00 price target on shares of Woodward in a research report on Friday, May 1st. Finally, Susquehanna assumed coverage on shares of Woodward in a report on Tuesday, May 26th. They issued a “positive” rating and a $423.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Woodward presently has an average rating of “Buy” and an average target price of $406.45.

Woodward Stock Performance

Shares of WWD opened at $365.78 on Friday. 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 firm has a market cap of $21.60 billion, a PE ratio of 40.69, a P/E/G ratio of 2.19 and a beta of 0.88. Woodward, Inc. has a 12 month low of $233.31 and a 12 month high of $450.92. The stock has a fifty day moving average price of $396.62 and a 200-day moving average price of $378.63.

Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. Woodward had a return on equity of 21.89% and a net margin of 13.17%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $1.76 EPS. The firm’s quarterly 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. Equities research analysts predict 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. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, August 20th. Woodward’s payout ratio is presently 14.24%.

Insider Buying and Selling at Woodward

In related news, EVP Karrie M. Bem sold 185 shares of Woodward stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total transaction of $65,675.00. Following the completion of the transaction, the executive vice president directly owned 3,648 shares in the company, valued at approximately $1,295,040. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel G. Korte sold 14,700 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was 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 owned 4,434 shares in the company, valued at approximately $1,578,725.70. This represents a 76.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 17,779 shares of company stock worth $6,337,168. 0.71% of the stock is currently owned by insiders.

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.