State of Alaska Department of Revenue Has $1.64 Million Position in Woodward, Inc. $WWD

State of Alaska Department of Revenue reduced its holdings in Woodward, Inc. (NASDAQ:WWD) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,693 shares of the technology company’s stock after selling 260 shares during the period. State of Alaska Department of Revenue’s holdings in Woodward were worth $1,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in Woodward by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 44,771 shares of the technology company’s stock valued at $10,973,000 after buying an additional 1,784 shares during the last quarter. Covea Finance increased its stake in Woodward by 21.2% in the 2nd quarter. Covea Finance now owns 26,900 shares of the technology company’s stock valued at $6,593,000 after buying an additional 4,700 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Woodward in the 2nd quarter valued at $405,000. CHICAGO TRUST Co NA acquired a new stake in Woodward in the 2nd quarter valued at $257,000. Finally, Gries Financial LLC acquired a new stake in Woodward in the 2nd quarter valued at $237,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Woodward Stock Performance

Shares of NASDAQ:WWD opened at $257.72 on Friday. The company’s 50 day moving average price is $247.49 and its two-hundred day moving average price is $224.05. Woodward, Inc. has a 12-month low of $146.82 and a 12-month high of $267.45. The firm has a market cap of $15.46 billion, a PE ratio of 40.78, a PEG ratio of 2.43 and a beta of 1.26. The company has a quick ratio of 1.39, a current ratio of 2.04 and a debt-to-equity ratio of 0.20.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, July 28th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. Woodward had a net margin of 11.32% and a return on equity of 16.57%. The firm had revenue of $915.45 million for the quarter, compared to analyst estimates of $884.98 million. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. Equities research analysts predict that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward Announces Dividend

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

Wall Street Analysts Forecast Growth

WWD has been the topic of several recent analyst reports. Alembic Global Advisors upgraded shares of 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. Barclays boosted their price objective on shares of Woodward from $200.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Northcoast Research upgraded shares of Woodward to a “hold” rating in a research note on Friday, July 25th. The Goldman Sachs Group boosted their price objective on shares of Woodward from $229.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, Truist Financial boosted their price objective on shares of Woodward from $267.00 to $294.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Woodward has a consensus rating of “Moderate Buy” and an average price target of $268.67.

Woodward Company Profile

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.