Woodward (NASDAQ:WWD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday, January 9th.
Other equities research analysts also recently issued research reports about the stock. SunTrust Banks upped their price target on shares of Woodward to $77.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. Oppenheimer reiterated a “market perform” rating and set a $82.00 price objective on shares of Woodward in a research report on Thursday, October 26th. Cowen reiterated a “hold” rating and set a $62.00 price objective on shares of Woodward in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Wood & Company cut shares of Woodward from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $79.25.
Woodward (NASDAQ WWD) traded up $3.47 during trading on Tuesday, reaching $77.52. 1,777,920 shares of the company were exchanged, compared to its average volume of 552,898. The stock has a market capitalization of $4,598.50, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The company has a current ratio of 2.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. Woodward has a 52 week low of $65.22 and a 52 week high of $84.23.
Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.11). The business had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. Woodward had a net margin of 8.10% and a return on equity of 14.04%. Woodward’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. sell-side analysts anticipate that Woodward will post 3.42 EPS for the current year.
In other news, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the transaction, the director now directly owns 27,904 shares in the company, valued at $2,223,669.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.17% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WWD. BT Investment Management Ltd bought a new position in shares of Woodward in the second quarter worth about $33,271,000. Black Creek Investment Management Inc. grew its holdings in shares of Woodward by 127.5% in the second quarter. Black Creek Investment Management Inc. now owns 731,527 shares of the technology company’s stock worth $49,437,000 after purchasing an additional 409,940 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Woodward in the second quarter worth about $354,000. Teachers Advisors LLC grew its holdings in shares of Woodward by 198.3% in the second quarter. Teachers Advisors LLC now owns 304,107 shares of the technology company’s stock worth $20,552,000 after purchasing an additional 202,175 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Woodward in the fourth quarter worth about $14,286,000. Hedge funds and other institutional investors own 72.27% of the company’s stock.
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Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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