Woodward, Inc. $WWD Stock: McCollum Christoferson Group LLC Grows Holdings

McCollum Christoferson Group LLC increased its holdings in shares of Woodward, Inc. (NASDAQ:WWD) by 674.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,941 shares of the technology company’s stock after acquiring an additional 12,141 shares during the quarter. McCollum Christoferson Group LLC’s holdings in Woodward were worth $4,581,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Tribune Investment Group LP bought a new stake in shares of Woodward during the 2nd quarter valued at $5,752,000. Varenne Capital Partners bought a new position in shares of Woodward in the second quarter worth $36,830,000. BlackRock Inc. bought a new position in shares of Woodward in the second quarter worth $2,984,684,000. Ceredex Value Advisors LLC acquired a new position in Woodward in the second quarter valued at about $24,101,000. Finally, Assenagon Asset Management S.A. acquired a new position in Woodward in the second quarter valued at about $57,599,000. Institutional investors own 81.18% of the company’s stock.

Wall Street Analyst Weigh In

WWD has been the subject of several recent analyst reports. TD Cowen cut their price objective on shares of Woodward from $420.00 to $380.00 and set a “hold” rating for the company in a research report on Friday. Wells Fargo & Company dropped their target price on shares of Woodward from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Zacks Research downgraded shares of Woodward from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Truist Financial increased their price target on shares of Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada decreased their price objective on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.36.

Woodward Price Performance

NASDAQ:WWD traded down $1.25 during trading hours on Tuesday, hitting $331.31. The company’s stock had a trading volume of 142,740 shares, compared to its average volume of 707,190. Woodward, Inc. has a twelve month low of $244.69 and a twelve 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. The stock has a fifty day simple moving average of $340.68 and a 200-day simple moving average of $368.78. The company has a market capitalization of $19.56 billion, a P/E ratio of 36.85, a PEG ratio of 1.80 and a beta of 0.86.

Woodward (NASDAQ:WWD) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, analysts anticipate that Woodward, Inc. will post 9.46 EPS for the current fiscal year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. Woodward’s payout ratio is 14.24%.

Insider Transactions at Woodward

In related news, EVP Shawn McLevige sold 2,150 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 3,098 shares in the company, valued at $1,105,428.36. This represents a 40.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

About Woodward

Woodward, Inc is a designer, manufacturer and service provider of control systems and components for the aerospace and energy industries. The company develops technologies that help regulate the flow of fuel, air and power in aircraft engines, industrial engines and other energy systems.

Woodward’s aerospace products include engine controls, fuel metering systems, actuation systems, air-management components and electric power systems used in commercial aircraft, business jets, military aircraft and other aerospace applications.