Woodward, Inc. $WWD Position Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its position in Woodward, Inc. (NASDAQ:WWD) by 37.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,335 shares of the technology company’s stock after selling 2,003 shares during the period. Farther Finance Advisors LLC’s holdings in Woodward were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WWD. Bank of America Corp DE grew its position in shares of Woodward by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 869,117 shares of the technology company’s stock worth $213,012,000 after acquiring an additional 15,572 shares in the last quarter. Norges Bank acquired a new stake in shares of Woodward during the 2nd quarter valued at approximately $201,555,000. Sei Investments Co. lifted its stake in Woodward by 4.6% during the second quarter. Sei Investments Co. now owns 711,804 shares of the technology company’s stock worth $174,458,000 after purchasing an additional 31,434 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Woodward by 31.8% in the second quarter. Bank of New York Mellon Corp now owns 639,139 shares of the technology company’s stock worth $156,646,000 after purchasing an additional 154,071 shares during the period. Finally, Hawk Ridge Capital Management LP boosted its holdings in Woodward by 5.7% in the first quarter. Hawk Ridge Capital Management LP now owns 593,148 shares of the technology company’s stock worth $108,244,000 after purchasing an additional 32,225 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Trading Down 1.4%

Woodward stock opened at $307.10 on Tuesday. Woodward, Inc. has a 52-week low of $146.82 and a 52-week high of $317.56. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 42.71, a PEG ratio of 2.61 and a beta of 1.02. The firm has a 50-day moving average price of $281.65 and a two-hundred day moving average price of $259.90.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, November 24th. The technology company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.83 by $0.26. The company had revenue of $995.26 million for the quarter, compared to analyst estimates of $943.15 million. Woodward had a net margin of 12.39% and a return on equity of 17.68%. Woodward’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 earnings per share. Woodward has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Woodward, Inc. will post 6.15 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $350.00 target price on shares of Woodward in a report on Monday, December 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Woodward from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a report on Wednesday, October 8th. UBS Group upped their target price on Woodward from $329.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 1st. Finally, Truist Financial increased their price target on Woodward from $294.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and a consensus price target of $298.78.

Insider Activity at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 5,000 shares of Woodward stock in a transaction on Monday, December 15th. The stock was sold at an average price of $297.88, for a total transaction of $1,489,400.00. Following the sale, the chief operating officer owned 15,135 shares of the company’s stock, valued at $4,508,413.80. The trade was a 24.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregg C. Sengstack sold 7,000 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $300.76, for a total value of $2,105,320.00. Following the completion of the transaction, the director directly owned 9,610 shares of the company’s stock, valued at approximately $2,890,303.60. The trade was a 42.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,000 shares of company stock worth $11,908,210 in the last three months. 0.71% of the stock is owned by company insiders.

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.