Brown Advisory Inc. Has $39.13 Million Stake in Woodward, Inc. $WWD

by · The Cerbat Gem

Brown Advisory Inc. trimmed its holdings in shares of Woodward, Inc. (NASDAQ:WWD – Free Report) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,429 shares of the technology company’s stock after selling 17,690 shares during the quarter. Brown Advisory Inc.’s holdings in Woodward were worth $39,129,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Bornite Capital Management LP acquired a new position in Woodward during the fourth quarter worth $1,572,000. Aigen Investment Management LP acquired a new position in Woodward during the fourth quarter worth $855,000. Forest Avenue Capital Management LP grew its position in shares of Woodward by 37.6% in the fourth quarter. Forest Avenue Capital Management LP now owns 344,999 shares of the technology company’s stock valued at $104,300,000 after purchasing an additional 94,307 shares during the last quarter. Soros Fund Management LLC acquired a new stake in shares of Woodward in the fourth quarter valued at about $54,798,000. Finally, Alpha Wave Global LP grew its position in shares of Woodward by 1.7% in the fourth quarter. Alpha Wave Global LP now owns 119,904 shares of the technology company’s stock valued at $36,249,000 after purchasing an additional 2,021 shares during the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

Woodward Stock Performance

NASDAQ:WWD opened at $402.50 on Tuesday. Woodward, Inc. has a 1 year low of $233.31 and a 1 year high of $407.00. The firm has a 50 day moving average of $369.58 and a 200-day moving average of $352.35. 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 stock has a market capitalization of $23.98 billion, a P/E ratio of 48.20, a price-to-earnings-growth ratio of 2.31 and a beta of 0.89.

Woodward (NASDAQ:WWD – Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.27 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. Woodward’s quarterly revenue was up 23.4% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. As a group, sell-side analysts anticipate that Woodward, Inc. will post 9.34 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.32 dividend. The ex-dividend date was Thursday, May 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. Woodward’s payout ratio is 15.33%.

Insider Buying and Selling

In other news, EVP Karrie M. Bem sold 280 shares of Woodward stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $372.66, for a total value of $104,344.80. Following the completion of the transaction, the executive vice president owned 4,297 shares in the company, valued at approximately $1,601,320.02. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel G. Korte sold 14,700 shares of the business’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 transaction of $5,233,935.00. Following the completion of the transaction, the director owned 4,434 shares of the company’s stock, valued at $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. Insiders sold 15,629 shares of company stock valued at $5,570,005 in the last quarter. 0.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Woodward in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $440.00 price target on the stock. Royal Bank Of Canada began coverage on shares of Woodward in a research note on Thursday, April 16th. They issued an “outperform” rating and a $450.00 target price for the company. UBS Group increased their target price on shares of Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $470.00 target price on shares of Woodward in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $393.00.

Get Our Latest Stock Report on WWD

About Woodward

(Free Report)

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.

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