Woodward, Inc. $WWD Shares Purchased by Legal & General Group Plc

by · The Cerbat Gem

Legal & General Group Plc raised its position in shares of Woodward, Inc. (NASDAQ:WWDFree Report) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,938 shares of the technology company’s stock after acquiring an additional 6,015 shares during the period. Legal & General Group Plc owned approximately 0.20% of Woodward worth $28,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Woodward by 189.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after purchasing an additional 112 shares in the last quarter. TCTC Holdings LLC raised its holdings in Woodward by 116.7% in the first quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock valued at $33,000 after buying an additional 98 shares during the period. Virtus Advisers LLC acquired a new position in Woodward during the first quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB grew its stake in Woodward by 32.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock worth $54,000 after buying an additional 54 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Woodward by 2,218.2% in the second quarter. Hantz Financial Services Inc. now owns 255 shares of the technology company’s stock worth $62,000 after acquiring an additional 244 shares in the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Woodward from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Alembic Global Advisors upgraded Woodward from a “neutral” rating to an “overweight” rating and set a $281.00 price objective on the stock in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research report on Wednesday, October 8th. Wolfe Research set a $300.00 target price on Woodward and gave the company an “outperform” rating in a report on Friday, October 3rd. Finally, Wall Street Zen lowered Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $273.22.

Check Out Our Latest Analysis on WWD

Insider Transactions at Woodward

In related news, Director John D. Cohn sold 1,750 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $244.32, for a total transaction of $427,560.00. Following the transaction, the director directly owned 20,963 shares in the company, valued at $5,121,680.16. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.82% of the stock is owned by company insiders.

Woodward Stock Up 1.5%

NASDAQ:WWD opened at $298.15 on Thursday. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26. Woodward, Inc. has a one year low of $146.82 and a one year high of $303.07. The stock has a 50-day simple moving average of $257.63 and a 200 day simple moving average of $246.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04.

Woodward (NASDAQ:WWDGet Free Report) last announced its quarterly earnings data on Monday, November 24th. The technology company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.26. Woodward had a return on equity of 16.57% and a net margin of 11.32%.The firm had revenue of $995.26 million for the quarter, compared to analysts’ expectations of $943.15 million. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Woodward’s revenue for the quarter was up 16.5% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts predict that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 20th. Woodward’s dividend payout ratio is currently 17.72%.

Woodward announced that its board has authorized a stock repurchase plan on Thursday, November 20th that allows the company to buyback $1.80 billion in shares. This buyback authorization allows the technology company to reacquire up to 11.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About Woodward

(Free Report)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.

Further Reading

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