Covea Finance Trims Stock Holdings in Woodward, Inc. $WWD

by · The Cerbat Gem

Covea Finance lowered its stake in Woodward, Inc. (NASDAQ:WWD – Free Report) by 8.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 24,500 shares of the technology company’s stock after selling 2,400 shares during the quarter. Covea Finance’s holdings in Woodward were worth $6,191,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. CWM LLC lifted its holdings in shares of Woodward by 14.4% in the 3rd quarter. CWM LLC now owns 18,737 shares of the technology company’s stock worth $4,735,000 after acquiring an additional 2,356 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Woodward during the third quarter worth $2,014,000. USA Financial Formulas acquired a new position in Woodward during the third quarter worth $260,000. Red Door Wealth Management LLC boosted its position in shares of Woodward by 13.4% during the third quarter. Red Door Wealth Management LLC now owns 939 shares of the technology company’s stock worth $237,000 after buying an additional 111 shares during the period. Finally, Trust Point Inc. acquired a new stake in shares of Woodward in the third quarter valued at $201,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gregg C. Sengstack sold 7,000 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $300.76, for a total transaction of $2,105,320.00. Following the sale, the director owned 9,610 shares of the company’s stock, valued at approximately $2,890,303.60. This trade represents a 42.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas G. Cromwell sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 15,135 shares of the company’s stock, valued at $4,508,413.80. This trade represents a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,000 shares of company stock worth $11,908,210. 0.71% of the stock is currently owned by insiders.

Woodward Price Performance

Woodward stock opened at $314.04 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $279.27 and a 200-day simple moving average of $258.47. The stock has a market cap of $18.84 billion, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.02. Woodward, Inc. has a 12-month low of $146.82 and a 12-month high of $317.56.

Woodward (NASDAQ:WWD – Get Free Report) last posted 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 firm had revenue of $995.26 million for the quarter, compared to analyst estimates of $943.15 million. Woodward’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 earnings per share. Woodward has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts expect that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward announced that its Board of Directors has approved a stock buyback program on Thursday, November 20th that authorizes the company to buyback $1.80 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 11.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

WWD has been the topic of several research reports. Wall Street Zen raised Woodward from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Woodward from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial raised their price objective on shares of Woodward from $294.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. UBS Group lifted their price objective on shares of Woodward from $329.00 to $345.00 and gave the company a “buy” rating in a report on Monday, December 1st. Finally, Wolfe Research set a $300.00 target price on shares of Woodward and gave the stock an “outperform” rating in a report on Friday, October 3rd. Eight equities research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.78.

View Our Latest Stock Report on WWD

Woodward Company Profile

(Free Report)

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.

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