Woodward appoints Paxton McVoy as CIO. TD Cowen cuts Woodward stock target to USD 380

Published on 10/18/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

McVoy starts October 19, 2026 in a newly created executive role. Woodward stock has a USD 380 target after TD Cowen cut it from USD 420 on October 9, 2026.

Leadership and estimates

Woodward appointed Paxton McVoy as chief information officer effective October 19, 2026.
Third-quarter revenue reached USD 1.11 billion, up 21.20 percent year over year, with adjusted EPS of USD 2.52.
TD Cowen cut its target from USD 420 to USD 380 on October 9, 2026, while results are scheduled for November 12, 2026.

WWD, US9807451037, Illustration mit AI erstellt.

Woodward (ISIN US9807451037) appointed Paxton McVoy as executive vice president and chief information officer, effective October 19, 2026, according to Woodward. The newly created role covers information technology, enterprise resource planning, data, analytics, artificial intelligence and cybersecurity.

Three analyst moves shape estimates

On August 4, 2026, Truist raised its Woodward target from USD 415 to USD 420, according to MarketBeat. On September 14, 2026, Guggenheim began coverage with a USD 404 target, while Melius Research set a USD 388 target and a hold rating in the same report.

On October 9, 2026, TD Cowen cut its target from USD 420 to USD 380 and maintained a hold rating, as reported by MarketBeat. The move puts the latest target below the USD 418.36 consensus cited in that report.

What does the target cut change?

The analyst reset contrasts with Woodward's latest operating figures. In the third quarter of fiscal 2026, revenue reached USD 1.11 billion, up 21.20 percent from the prior-year quarter, while adjusted earnings per share came to USD 2.52 against a USD 2.44 consensus estimate, according to MarketBeat. For investors, the tension is between strong reported demand and more cautious aerospace valuation assumptions.

Two dates set the next milestones

McVoy's start date is October 19, 2026. Woodward's next earnings date is November 12, 2026, according to CNN. The leadership appointment therefore arrives before the next scheduled report.

Leadership adds a digital focus

McVoy will report directly to Chief Executive Officer Chip Blankenship and lead a global information technology organization. His previous responsibilities included technology strategy, cybersecurity, data and artificial intelligence across 13 operating companies, according to Woodward.

Woodward's business spans aerospace and industrial energy control solutions, including fuel, air, combustion, electrical and motion-control systems. The company is headquartered in Fort Collins, Colorado, and employs 10,200 people.