Woodward (NASDAQ:WWD) PT Raised to $175.00 at Barclays

Woodward (NASDAQ:WWD) had its target price increased by equities research analysts at Barclays from $140.00 to $175.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price objective suggests a potential downside of 0.82% from the stock’s previous close.

A number of other research firms have also recently commented on WWD. Deutsche Bank Aktiengesellschaft upped their price objective on Woodward from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. The Goldman Sachs Group boosted their target price on shares of Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company raised their price target on shares of Woodward from $156.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Alembic Global Advisors downgraded shares of Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price objective on the stock. in a report on Thursday, February 1st. Finally, Truist Financial upped their target price on shares of Woodward from $143.00 to $152.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.13.

Woodward Stock Up 1.9 %

NASDAQ:WWD opened at $176.45 on Monday. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.31. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.28. Woodward has a twelve month low of $105.18 and a twelve month high of $177.58. The stock’s 50 day moving average price is $151.70 and its two-hundred day moving average price is $140.44.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The firm had revenue of $835.34 million for the quarter, compared to analyst estimates of $807.04 million. During the same period in the prior year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. Equities research analysts expect that Woodward will post 5.88 earnings per share for the current fiscal year.

Insider Transactions at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 38,700 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $141.98, for a total value of $5,494,626.00. Following the completion of the sale, the chief operating officer now owns 11,833 shares in the company, valued at approximately $1,680,049.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the completion of the sale, the director now owns 20,531 shares in the company, valued at $2,850,934.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas G. Cromwell sold 38,700 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $141.98, for a total transaction of $5,494,626.00. Following the transaction, the chief operating officer now directly owns 11,833 shares in the company, valued at approximately $1,680,049.34. The disclosure for this sale can be found here. Insiders have sold 57,200 shares of company stock worth $8,244,976 in the last quarter. Company insiders own 1.12% of the company’s stock.

Institutional Trading of Woodward

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Woodward by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,758,261 shares of the technology company’s stock valued at $783,872,000 after buying an additional 37,011 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Woodward by 6.3% during the 3rd quarter. Earnest Partners LLC now owns 1,062,665 shares of the technology company’s stock worth $132,047,000 after purchasing an additional 62,897 shares during the period. FMR LLC boosted its position in shares of Woodward by 6.5% in the 3rd quarter. FMR LLC now owns 998,396 shares of the technology company’s stock worth $124,061,000 after buying an additional 61,216 shares in the last quarter. Norges Bank acquired a new stake in Woodward during the 4th quarter valued at $84,157,000. Finally, Sei Investments Co. raised its holdings in Woodward by 6.7% in the 1st quarter. Sei Investments Co. now owns 559,964 shares of the technology company’s stock valued at $86,302,000 after acquiring an additional 35,281 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Company Profile

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.