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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001454930</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000108312</issuerCik>
            <issuerName>WOODWARD, INC.</issuerName>
            <secFileNumber>001-39265</secFileNumber>
            <issuerAddress>
                <ns2:street1>1081 Woodward Way</ns2:street1>
                <ns2:city>Fort Collins</ns2:city>
                <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                <ns2:zipCode>80524</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>970-482-5811</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>THOMAS G CROMWELL</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>10000</noOfUnitsSold>
            <aggregateMarketValue>1795380.00</aggregateMarketValue>
            <noOfUnitsOutstanding>59130924</noOfUnitsOutstanding>
            <approxSaleDate>12/02/2024</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>12/02/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Stock Option Exercise</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>10000</amountOfSecuritiesAcquired>
            <paymentDate>12/02/2024</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THOMAS G CROMWELL</name>
                <address>
                    <ns2:street1>1081 Woodward Way</ns2:street1>
                    <ns2:city>Fort Collins</ns2:city>
                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80524</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/29/2024</saleDate>
            <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
            <grossProceeds>1799863.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THOMAS G CROMWELL</name>
                <address>
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                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80524</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/25/2024</saleDate>
            <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
            <grossProceeds>1795000.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THOMAS G CROMWELL</name>
                <address>
                    <ns2:street1>1081 Woodward Way</ns2:street1>
                    <ns2:city>Fort Collins</ns2:city>
                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80524</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/22/2024</saleDate>
            <amountOfSecuritiesSold>7928</amountOfSecuritiesSold>
            <grossProceeds>1383436.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THOMAS G CROMWELL</name>
                <address>
                    <ns2:street1>1081 Woodward Way</ns2:street1>
                    <ns2:city>Fort Collins</ns2:city>
                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80524</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/14/2024</saleDate>
            <amountOfSecuritiesSold>7913</amountOfSecuritiesSold>
            <grossProceeds>1385768.87</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THOMAS G CROMWELL</name>
                <address>
                    <ns2:street1>1081 Woodward Way</ns2:street1>
                    <ns2:city>Fort Collins</ns2:city>
                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80524</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/11/2024</saleDate>
            <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
            <grossProceeds>1776503.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THOMAS G CROMWELL</name>
                <address>
                    <ns2:street1>1081 Woodward Way</ns2:street1>
                    <ns2:city>Fort Collins</ns2:city>
                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80524</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/07/2024</saleDate>
            <amountOfSecuritiesSold>10000</amountOfSecuritiesSold>
            <grossProceeds>1745000.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>12/02/2024</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>05/17/2024</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Thomas G. Cromwell</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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144
0001454930
XXXXXXXX
LIVE
0000108312
WOODWARD, INC.
001-39265
1081 Woodward Way
Fort Collins
CO
80524
970-482-5811
THOMAS G CROMWELL
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
10000
1795380.00
59130924
12/02/2024
NASDAQ
Common
12/02/2024
Stock Option Exercise
ISSUER
N
10000
12/02/2024
Cash
N
THOMAS G CROMWELL
1081 Woodward Way
Fort Collins
CO
80524
Common
11/29/2024
10000
1799863.00
THOMAS G CROMWELL
1081 Woodward Way
Fort Collins
CO
80524
Common
11/25/2024
10000
1795000.00
THOMAS G CROMWELL
1081 Woodward Way
Fort Collins
CO
80524
Common
11/22/2024
7928
1383436.00
THOMAS G CROMWELL
1081 Woodward Way
Fort Collins
CO
80524
Common
11/14/2024
7913
1385768.87
THOMAS G CROMWELL
1081 Woodward Way
Fort Collins
CO
80524
Common
11/11/2024
10000
1776503.00
THOMAS G CROMWELL
1081 Woodward Way
Fort Collins
CO
80524
Common
11/07/2024
10000
1745000.00
12/02/2024
05/17/2024
/s/ Thomas G. Cromwell