Woodward (NASDAQ:WWD) PT Raised to $200.00 at Deutsche Bank Aktiengesellschaft

Woodward (NASDAQ:WWD) had its target price lifted by Deutsche Bank Aktiengesellschaft from $182.00 to $200.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 20.58% from the stock’s previous close.

Several other equities research analysts have also commented on WWD. The Goldman Sachs Group boosted their price target on shares of Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Barclays boosted their price objective on shares of Woodward from $134.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Alembic Global Advisors lowered shares of Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price objective for the company. in a research note on Thursday, February 1st. Finally, Truist Financial boosted their target price on shares of Woodward from $143.00 to $152.00 and gave the stock a “hold” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.89.

Woodward Trading Up 2.2 %

Shares of WWD opened at $165.86 on Tuesday. Woodward has a 1-year low of $105.18 and a 1-year high of $169.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.65 and a quick ratio of 1.69. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.84 and a beta of 1.36. The company has a 50-day moving average of $148.50 and a 200 day moving average of $138.91.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.92%. The business had revenue of $835.34 million during the quarter, compared to analyst estimates of $807.04 million. During the same quarter in the previous year, the business posted $1.01 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, research analysts expect that Woodward will post 5.27 EPS for the current year.

Insider Activity

In related news, COO Thomas G. Cromwell sold 38,700 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $141.98, for a total value of $5,494,626.00. Following the completion of the transaction, the chief operating officer now directly owns 11,833 shares in the company, valued at approximately $1,680,049.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Thomas G. Cromwell sold 38,700 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $141.98, for a total value of $5,494,626.00. Following the completion of the transaction, the chief operating officer now directly owns 11,833 shares in the company, valued at approximately $1,680,049.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $138.86, for a total transaction of $208,290.00. Following the completion of the transaction, the director now owns 20,531 shares of the company’s stock, valued at $2,850,934.66. The disclosure for this sale can be found here. Insiders have sold 51,200 shares of company stock valued at $7,242,916 in the last ninety days. Insiders own 1.12% of the company’s stock.

Hedge Funds Weigh In On Woodward

A number of large investors have recently added to or reduced their stakes in WWD. Venturi Wealth Management LLC raised its position in shares of Woodward by 34.7% in the first quarter. Venturi Wealth Management LLC now owns 268 shares of the technology company’s stock valued at $41,000 after buying an additional 69 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of Woodward by 0.3% in the fourth quarter. Yousif Capital Management LLC now owns 28,230 shares of the technology company’s stock valued at $3,843,000 after buying an additional 76 shares during the last quarter. CWM LLC raised its position in shares of Woodward by 22.8% in the fourth quarter. CWM LLC now owns 491 shares of the technology company’s stock valued at $67,000 after buying an additional 91 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Woodward by 0.3% in the first quarter. Fifth Third Bancorp now owns 28,741 shares of the technology company’s stock valued at $4,430,000 after buying an additional 93 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in shares of Woodward by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 14,510 shares of the technology company’s stock valued at $1,975,000 after buying an additional 100 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

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.