Woodward, Inc.Common Stock (WWD) Receives “Sell” Rating from Wood & Company

Wood & Company restated their sell rating on shares of Woodward, Inc.Common Stock (NASDAQ:WWD) in a research report sent to investors on Thursday morning.

Other analysts also recently issued research reports about the stock. SunTrust Banks raised shares of Woodward, Inc.Common Stock from a hold rating to a buy rating and increased their target price for the stock from $80.00 to $96.00 in a research report on Tuesday, November 20th. BidaskClub raised shares of Woodward, Inc.Common Stock from a hold rating to a buy rating in a research report on Wednesday, November 7th. Barrington Research reissued a hold rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, October 30th. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a sell rating to a hold rating in a research report on Friday, October 5th. Finally, Credit Suisse Group increased their target price on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the stock a neutral rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Woodward, Inc.Common Stock has an average rating of Hold and an average price target of $87.13.

WWD opened at $77.29 on Thursday. The company has a market cap of $4.85 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33. Woodward, Inc.Common Stock has a 1 year low of $68.56 and a 1 year high of $89.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.89 and a quick ratio of 0.96.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.08. The firm had revenue of $719.40 million during the quarter, compared to the consensus estimate of $689.01 million. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 16.80%. The company’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, analysts expect that Woodward, Inc.Common Stock will post 4.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were given a $0.1425 dividend. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.57 annualized dividend and a yield of 0.74%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 14.81%.

In other Woodward, Inc.Common Stock news, insider Thomas A. Gendron sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $81.33, for a total value of $162,660.00. Following the completion of the sale, the insider now owns 227,390 shares of the company’s stock, valued at $18,493,628.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas A. Gendron sold 1,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $80.87, for a total transaction of $80,870.00. Following the completion of the sale, the chief executive officer now directly owns 227,390 shares of the company’s stock, valued at approximately $18,389,029.30. The disclosure for this sale can be found here. Insiders sold 23,625 shares of company stock valued at $1,942,411 in the last ninety days. 6.17% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Voya Investment Management LLC grew its position in shares of Woodward, Inc.Common Stock by 11.6% during the second quarter. Voya Investment Management LLC now owns 918,121 shares of the technology company’s stock worth $70,566,000 after buying an additional 95,756 shares in the last quarter. BlackRock Inc. grew its position in shares of Woodward, Inc.Common Stock by 4.1% during the second quarter. BlackRock Inc. now owns 5,977,566 shares of the technology company’s stock worth $459,435,000 after buying an additional 236,693 shares in the last quarter. Adalta Capital Management LLC grew its position in shares of Woodward, Inc.Common Stock by 2.1% during the second quarter. Adalta Capital Management LLC now owns 77,425 shares of the technology company’s stock worth $5,951,000 after buying an additional 1,600 shares in the last quarter. GWM Advisors LLC acquired a new stake in shares of Woodward, Inc.Common Stock during the third quarter worth approximately $1,584,000. Finally, US Bancorp DE lifted its stake in Woodward, Inc.Common Stock by 8.8% during the third quarter. US Bancorp DE now owns 22,276 shares of the technology company’s stock worth $1,801,000 after purchasing an additional 1,808 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Analyst Recommendations for Woodward, Inc.Common Stock (NASDAQ:WWD)

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