Sumitomo Mitsui Trust Group Inc. Has $1.66 Million Stock Position in Woodward, Inc. $WWD

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Woodward, Inc. (NASDAQ:WWD) by 47.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,558 shares of the technology company’s stock after buying an additional 2,115 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Woodward were worth $1,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in Woodward by 35.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 25,688 shares of the technology company’s stock worth $6,300,000 after buying an additional 6,741 shares during the period. Anchor Capital Advisors LLC bought a new position in shares of Woodward during the second quarter valued at $246,000. XTX Topco Ltd raised its stake in shares of Woodward by 213.4% during the second quarter. XTX Topco Ltd now owns 5,043 shares of the technology company’s stock valued at $1,236,000 after acquiring an additional 3,434 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Woodward by 7.2% during the second quarter. Advisors Asset Management Inc. now owns 16,681 shares of the technology company’s stock worth $4,088,000 after purchasing an additional 1,121 shares during the period. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Woodward in the third quarter worth $2,079,000. Institutional investors own 81.18% of the company’s stock.

Woodward Trading Down 0.9%

Shares of WWD stock opened at $333.06 on Monday. Woodward, Inc. has a fifty-two week low of $146.82 and a fifty-two week high of $338.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 2.08. The stock has a 50 day simple moving average of $298.02 and a two-hundred day simple moving average of $267.70. The company has a market cap of $19.98 billion, a P/E ratio of 46.32, a PEG ratio of 2.79 and a beta of 1.02.

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

Woodward declared that its Board of Directors has authorized a share repurchase program on Thursday, November 20th that permits the company to buyback $1.80 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 11.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling 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 shares were sold at an average price of $297.88, for a total value of $1,489,400.00. Following the completion of the sale, the chief operating officer directly owned 15,135 shares of the company’s stock, valued at approximately $4,508,413.80. The trade was a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregg C. Sengstack sold 7,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $300.76, for a total transaction of $2,105,320.00. Following the transaction, the director owned 9,610 shares in the company, valued at $2,890,303.60. This represents a 42.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 40,000 shares of company stock valued at $11,908,210. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Woodward from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Melius Research raised Woodward to a “strong-buy” rating in a research note on Monday, January 5th. Wolfe Research set a $300.00 price objective on Woodward and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Woodward from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $312.00.

Woodward Company 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.