Commerce Bank Acquires Shares of 5,126 Woodward, Inc. $WWD

Commerce Bank acquired a new position in Woodward, Inc. (NASDAQ:WWD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,126 shares of the technology company’s stock, valued at approximately $2,181,000.

Other hedge funds have also modified their holdings of the company. Accel Wealth Management grew its position in shares of Woodward by 3.2% during the 2nd quarter. Accel Wealth Management now owns 963 shares of the technology company’s stock valued at $410,000 after acquiring an additional 30 shares during the period. NewEdge Advisors LLC raised its holdings in Woodward by 1.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,059 shares of the technology company’s stock worth $737,000 after purchasing an additional 31 shares during the period. Bessemer Group Inc. raised its holdings in Woodward by 3.1% in the 1st quarter. Bessemer Group Inc. now owns 1,116 shares of the technology company’s stock worth $399,000 after purchasing an additional 34 shares during the period. Meeder Advisory Services Inc. boosted its position 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 purchasing an additional 39 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Woodward by 1.5% in the third quarter. Quadrant Capital Group LLC now owns 3,327 shares of the technology company’s stock valued at $841,000 after purchasing an additional 48 shares during the period. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Price Performance

Shares of Woodward stock opened at $333.15 on Tuesday. The stock has a market capitalization of $19.67 billion, a P/E ratio of 37.06, a PEG ratio of 2.01 and a beta of 0.88. The business has a 50 day simple moving average of $394.47 and a two-hundred day simple moving average of $380.76. Woodward, Inc. has a 12 month low of $233.31 and a 12 month high of $450.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The business’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. As a group, analysts predict that Woodward, Inc. will post 9.46 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.32 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. Woodward’s dividend payout ratio (DPR) is presently 14.24%.

Insider Buying and Selling at Woodward

In other Woodward news, EVP Shawn M. Mclevige sold 2,150 shares of Woodward stock in a transaction on Friday, July 31st. The shares were sold at an average price of $356.82, for a total transaction of $767,163.00. Following the sale, the executive vice president owned 3,098 shares of the company’s stock, valued at $1,105,428.36. The trade was a 40.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel G. Korte sold 14,700 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the sale, the director directly owned 4,434 shares of the company’s stock, valued at $1,578,725.70. The trade was a 76.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Woodward from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research report on Friday, July 17th. UBS Group increased their price objective on shares of Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada dropped their target price on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned 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 $419.00.

Woodward 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.