Woodward
Controls fuel, combustion and motion across aircraft engines and industrial power equipment.
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Profile
Supplies fuel, combustion, propulsion, actuation and electronic-control systems through Aerospace and Industrial, plus repair and replacement services. A shared precision-control base serves aircraft and power equipment, while demand depends on major manufacturers’ production rates, long-duration programs and installed-product support.
Designs and services energy-control systems for aircraft and industrial equipment through Aerospace and Industrial. Aerospace products manage fuel, air, combustion and motion across engines, nacelles and airframes; Industrial products control turbines, compressors, reciprocating engines and other power equipment. Manufacturing spans the United States, Europe and Asia.
Combines mechanical, fluid, combustion, electronic and motion-control expertise, extending a product lineage that began with waterwheel governors in 1870. Repair, maintenance, replacement and installed-product support create an ongoing services business alongside original equipment.
Depends on long-duration aircraft and engine programs, production rates at large manufacturers, industrial equipment investment and continued support demand. Sales are concentrated among a small group of major customers, with government-linked demand also material.
Company facts
Categories
Key statistics
Year to date +9.9% · Average volume (30d) 620.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 4, 2026 | Truist Financial | Target | $415 | $420 | |
| Jul 30, 2026 | RBC Capital | Reiterate | Outperform | $450 | $430 |
| May 5, 2026 | Truist Financial | Target | $404 | $415 | |
| May 1, 2026 | Deutsche Bank | Target | $400 | $470 | |
| Apr 16, 2026 | RBC Capital | Target | $450 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q3 FY26 | $2.44 | $2.52 | +3.3% | $1.11B | $1.11B | −0.1% | −7.56% |
| Apr 29, 2026Q2 FY26 | $2.10 | $2.27 | +8.1% | $1.01B | $1.09B | +8.0% | +0.56% |
| Feb 2, 2026Q1 FY26 | $1.65 | $2.17 | +31.5% | $890.1M | $996.5M | +11.9% | +13.42% |
| Nov 24, 2025Q4 FY25 | $1.88 | $2.09 | +11.2% | $939.6M | $995.3M | +5.9% | +12.44% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $883.6M | $915.4M | $995.3M | $996.5M | $1.09B | $1.11B | |
| Gross profit | $240.1M | $249.2M | $277.4M | $292.2M | $315.9M | $349.9M | |
| Operating income | $123.5M | $120.1M | $150.8M | $159.4M | $167.5M | $194.1M | |
| Net income | $108.9M | $108.4M | $137.6M | $133.7M | $134.0M | $146.7M | |
| Diluted EPS | $1.78 | $1.76 | $2.23 | $2.17 | $2.19 | $2.40 | |
| Gross margin | 27.2% | 27.2% | 27.9% | 29.3% | 29.0% | 31.5% | |
| Operating margin | 14.0% | 13.1% | 15.1% | 16.0% | 15.4% | 17.5% |
Fiscal years (4-quarter sums)FY21 $2.25B · FY22 $2.38B · FY23 $2.91B · FY24 $3.32B · FY25 $3.57B
Revenue by product · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $474.9M · Total debt $1.36B · Total assets $5.20B · Shareholders' equity $2.47B
Dividends
Raised for 5 straight years — most recently to $0.32 from $0.28 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 20, 2026 | Aug 20 | Sep 3 | $0.32 | |
| May 21, 2026 | May 21 | Jun 4 | $0.32 | |
| Feb 19, 2026 | Feb 19 | Mar 5 | $0.32 | raised from $0.28 |
| Nov 20, 2025 | Nov 20 | Dec 4 | $0.28 | |
| Aug 21, 2025 | Aug 21 | Sep 4 | $0.28 | |
| May 22, 2025 | May 22 | Jun 5 | $0.28 | |
| Feb 20, 2025 | Feb 20 | Mar 6 | $0.28 | raised from $0.25 |
| Nov 21, 2024 | Nov 21 | Dec 5 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 59.58M · Float 58.83M · 98.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.02M | 11.77% | 13F | Aug 7, 2026 |
| FMR LLC | 2.81M | 4.71% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.69M | 4.52% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.68M | 4.51% | 13F | Aug 13, 2026 |
| State Street Corp | 2.34M | 3.93% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Shawn M. McLevige | officer: EVP and President, Aerospace | −2,150 | $356.82 |
| Jun 4, 2026 | Daniel G. Korte | director | −14,700 | $356.05 |
| May 20, 2026 | Karrie M. Bem | officer: EVP, Gen Counsel & Corp Sec | −185 | $355.00 |
| May 18, 2026 | Karrie M. Bem | officer: EVP, Gen Counsel & Corp Sec | −185 | $352.48 |
| May 15, 2026 | Karrie M. Bem | officer: EVP, Gen Counsel & Corp Sec | −279 | $361.44 |
Peers
- Parker-Hannifin
Broad aerospace fuel, actuation, and industrial motion-control rival
- Honeywell Aerospace
Engine fuel-control and aircraft actuation systems rival
- Eaton
Aircraft fuel, hydraulic, and motion-control systems rival
- RTX
Integrated engine fuel-control and actuation systems rival
- Emerson Electric
Gas- and steam-turbine control systems rival
- Cummins
Engine fuel-system and power-generation controls rival
- GE Vernova
OEM-integrated gas- and steam-turbine controls rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Woodward | $341.81 | +0.02% | $20.37B | 38.0 | 33.4 | 4.9 | +21.2% |
| Parker-Hannifin | $996.00 | +0.11% | $125.46B | 34.9 | 28.3 | 5.8 | +9.8% |
| Honeywell Aerospace | $162.40 | −0.01% | $51.46B | 68.6 | 18.9 | 5.8 | — |
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Emerson Electric | $156.00 | +0.53% | $86.93B | 34.0 | 22.0 | 4.7 | +7.0% |
| Cummins | $564.40 | −0.03% | $77.94B | 28.9 | 17.0 | 2.2 | +9.4% |
| GE Vernova | $914.10 | +0.30% | $242.88B | 26.2 | 43.5 | 5.9 | +21.9% |
| Median | 34.9 | 26.9 | 5.2 | +12.1% |