Woodward, Inc. (NASDAQ:WWD) Receives $189.78 Consensus PT from Brokerages

Shares of Woodward, Inc. (NASDAQ:WWD) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $189.78.

A number of research analysts recently commented on the company. UBS Group upped their price objective on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays lifted their price target on Woodward from $175.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Finally, Truist Financial restated a “buy” rating and set a $226.00 price target (up from $187.00) on shares of Woodward in a research report on Tuesday, November 26th.

Insider Buying and Selling

In related news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the transaction, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at approximately $2,008,669.50. The trade was a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John D. Cohn sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $179.57, for a total value of $430,968.00. Following the sale, the director now owns 20,963 shares of the company’s stock, valued at $3,764,325.91. The trade was a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,313 shares of company stock valued at $10,752,072. 0.82% of the stock is owned by corporate insiders.

Institutional Trading of Woodward

Institutional investors have recently bought and sold shares of the company. Naya Capital Management UK Ltd. acquired a new position in Woodward in the third quarter worth approximately $99,000,000. JPMorgan Chase & Co. raised its stake in shares of Woodward by 135.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company’s stock valued at $170,170,000 after acquiring an additional 570,124 shares in the last quarter. State Street Corp lifted its holdings in Woodward by 4.8% in the 3rd quarter. State Street Corp now owns 2,421,483 shares of the technology company’s stock worth $415,309,000 after purchasing an additional 110,569 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Woodward by 17,072.3% during the third quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock valued at $13,165,000 after purchasing an additional 76,313 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Woodward by 13.3% in the second quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock valued at $110,679,000 after purchasing an additional 74,734 shares during the period. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Price Performance

Shares of WWD stock opened at $180.10 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $174.84 and a 200-day simple moving average of $169.30. The company has a market capitalization of $10.65 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 1.85 and a beta of 1.39. Woodward has a twelve month low of $133.56 and a twelve month high of $201.64.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, November 25th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.19. The company had revenue of $855.00 million during the quarter, compared to analyst estimates of $810.39 million. Woodward had a net margin of 11.22% and a return on equity of 17.13%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. Equities research analysts anticipate that Woodward will post 5.98 earnings per share for the current fiscal year.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.64%.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.