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WWD · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Woodward, Inc. (WWD) stock moving?
WWD closed at $334.13 on Nov 10, up about 9.7% from the $304.65 close on Oct 30 and near its $341.97 intraday high of the period. The rally came in steps: a jump to $319.57 on Nov 2, a peak close of $332.69 on Nov 3 on the highest volume of the stretch (967,019), then a pullback to $306.86 on Nov 5 before recovering to $332.91 on Nov 9 and $334.13 on Nov 10. Volume has been moderate, mostly between 475,000 and 980,000 shares a day, well below the 1.26 million shares traded on Oct 22. The news flow is thin: the company scheduled its fiscal Q4 and full-year results for Nov 18, and RBC Capital kept its Outperform rating while cutting its price target from $430 to $380 on Oct 28. That target sits about 14% above the latest close, so the analyst still sees upside but with lower expectations than before. No SEC filings were found in the past 45 days, so the November 18 report is the main event ahead and its outcome is unknown. The rally has improved short-term momentum, but the stock has not yet been tested by results.
News behind the analysis
- Woodward Schedules Fiscal 2026 Fourth Quarter and Full Year Earnings ReleaseWoodward will release fiscal 2026 fourth quarter and full year results on November 18, 2026, with a conference call to follow.
- RBC Capital Maintains Outperform on Woodward, Lowers Price Target to $380RBC Capital kept its Outperform rating on Woodward while lowering its price target to $380.
- RBC Cuts Price Target on Woodward to $380 From $430RBC Capital Markets reduced its Woodward price target from $430 to $380 and kept its Outperform rating.
About Woodward, Inc.
Woodward, Inc. is a company based in Fort Collins, Colorado that designs and makes systems for controlling fuel, air, combustion and motion in aircraft engines, aircraft, and industrial engines and turbines. What sets it apart is that its parts are built into many major jet-engine and aircraft programs, so it earns money both from selling original equipment and from aftermarket parts and repairs over the long lives of those programs.
How it makes money
Woodward reports two business segments. Aerospace brings in roughly 65% of sales. It sells fuel systems, actuation and flight-control parts, and other components to commercial and defense aircraft and engine makers, and it earns higher-margin revenue from spare parts and repairs. Industrial brings in roughly 35% of sales. It sells fuel, combustion and control systems for power generation, transportation (such as marine and engines) and oil and gas. In fiscal 2026 (the year ending September), sales were up roughly 24% year over year through the first nine months, totaling about $3.2 billion. The company credited higher sales volumes and price increases.
What usually moves WWD
- Commercial aircraft production rates at Boeing and Airbus
- Air travel demand driving aftermarket parts and repair sales
- Defense spending and military aircraft programs
- Power-generation and data-center demand for gas turbines and engines
- Supply-chain execution and pricing affecting margins