Allianz Asset Management GmbH Acquires Shares of 48,672 Woodward, Inc. $WWD

Allianz Asset Management GmbH purchased a new stake in Woodward, Inc. (NASDAQ:WWD) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 48,672 shares of the technology company’s stock, valued at approximately $12,300,000. Allianz Asset Management GmbH owned 0.08% of Woodward at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC increased its holdings in Woodward by 300.8% in the 3rd quarter. AlphaQuest LLC now owns 6,766 shares of the technology company’s stock valued at $1,710,000 after buying an additional 5,078 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of 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 acquiring an additional 6,741 shares in the last quarter. Syntax Research Inc. bought a new position in Woodward in the third quarter valued at approximately $1,011,000. U.S. Capital Wealth Advisors LLC acquired a new position in Woodward during the third quarter valued at approximately $2,079,000. Finally, Anchor Capital Advisors LLC bought a new stake in Woodward during the second quarter worth $246,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

Insider Transactions at Woodward

In related news, Director John D. Cohn sold 2,250 shares of Woodward stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $369.62, for a total transaction of $831,645.00. Following the completion of the transaction, the director owned 21,575 shares of the company’s stock, valued at $7,974,551.50. This trade represents a 9.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas G. Cromwell sold 5,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $297.88, for a total transaction of $1,489,400.00. Following the completion of the transaction, the chief operating officer owned 15,135 shares in the company, valued at approximately $4,508,413.80. The trade was a 24.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,250 shares of company stock worth $12,739,855 over the last three months. 0.71% of the stock is owned by company insiders.

Woodward Stock Up 3.1%

Shares of NASDAQ:WWD opened at $388.50 on Monday. The business has a fifty day simple moving average of $318.61 and a 200 day simple moving average of $277.07. Woodward, Inc. has a 12-month low of $146.82 and a 12-month high of $392.66. The firm has a market cap of $23.16 billion, a P/E ratio of 48.93, a P/E/G ratio of 2.94 and a beta of 1.00. The company has a quick ratio of 1.36, a current ratio of 2.05 and a debt-to-equity ratio of 0.18.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, February 2nd. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.52. Woodward had a return on equity of 19.07% and a net margin of 12.89%.The company had revenue of $996.45 million for the quarter, compared to analyst estimates of $901.92 million. During the same period in the previous year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. Woodward has set its FY 2026 guidance at 8.200-8.600 EPS. Analysts predict that Woodward, Inc. will post 6.15 earnings per share for the current year.

Woodward announced that its Board of Directors has authorized a share buyback program on Thursday, November 20th that allows the company to repurchase $1.80 billion in shares. This repurchase authorization allows the technology company to repurchase up to 11.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Woodward Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Woodward’s previous quarterly dividend of $0.28. Woodward’s payout ratio is currently 14.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WWD shares. The Goldman Sachs Group lifted their price target on Woodward from $362.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. TD Cowen lifted their target price on Woodward from $350.00 to $390.00 and gave the company a “hold” rating in a research report on Tuesday, February 3rd. UBS Group increased their target price on shares of Woodward from $378.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Zacks Research upgraded shares of Woodward from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Woodward from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $350.30.

Woodward 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.