Hennion & Walsh Asset Management Inc. Has $2.79 Million Position in Woodward, Inc. $WWD

Hennion & Walsh Asset Management Inc. boosted its position in Woodward, Inc. (NASDAQ:WWD) by 33.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,057 shares of the technology company’s stock after buying an additional 2,779 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Woodward were worth $2,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WWD. SJS Investment Consulting Inc. grew its position in shares of Woodward by 1,766.7% in the third quarter. SJS Investment Consulting Inc. now owns 112 shares of the technology company’s stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. Financial Perspectives Inc bought a new position in Woodward in the 3rd quarter worth approximately $30,000. Kilter Group LLC acquired a new position in shares of Woodward during the second quarter worth approximately $39,000. True Wealth Design LLC increased its holdings in Woodward by 627.3% in the 3rd quarter. True Wealth Design LLC now owns 160 shares of the technology company’s stock valued at $40,000 after buying an additional 138 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Woodward by 32.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company’s stock valued at $54,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gregg C. Sengstack sold 7,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 9,610 shares of the company’s stock, valued at $2,890,303.60. The trade was a 42.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Thomas G. Cromwell sold 5,000 shares of the stock in a transaction that occurred 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 $4,508,413.80. This represents a 24.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,000 shares of company stock valued at $11,908,210. 0.71% of the stock is currently owned by insiders.

Woodward Stock Down 1.0%

NASDAQ:WWD opened at $322.59 on Thursday. The stock’s fifty day moving average price is $288.88 and its two-hundred day moving average price is $263.47. Woodward, Inc. has a 52-week low of $146.82 and a 52-week high of $328.42. 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 company has a market cap of $19.36 billion, a price-to-earnings ratio of 44.87, a P/E/G ratio of 2.74 and a beta of 1.02.

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

Woodward announced that its Board of Directors has approved a stock buyback plan on Thursday, November 20th that permits the company to repurchase $1.80 billion in shares. This repurchase authorization permits the technology company to reacquire up to 11.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WWD. Truist Financial raised their target price on Woodward from $294.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Wolfe Research set a $300.00 price objective on Woodward and gave the company an “outperform” rating in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Woodward from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. UBS Group upped their price objective on shares of Woodward from $329.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Wall Street Zen cut shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Nine 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $298.78.

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.