Woodward, Inc. (NASDAQ:WWD – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $242.13.
WWD has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded Woodward from a “hold” rating to a “buy” rating and set a $291.00 target price on the stock in a research note on Tuesday, June 3rd. The Goldman Sachs Group boosted their target price on Woodward from $229.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Wall Street Zen upgraded Woodward from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. Jefferies Financial Group restated a “buy” rating and issued a $245.00 target price (up from $225.00) on shares of Woodward in a research note on Friday, May 23rd. Finally, Truist Financial boosted their target price on Woodward from $267.00 to $294.00 and gave the company a “buy” rating in a research note on Friday, July 11th.
Read Our Latest Research Report on WWD
Insider Activity at Woodward
Institutional Trading of Woodward
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Naya Capital Management UK Ltd. grew its position in Woodward by 130.2% during the fourth quarter. Naya Capital Management UK Ltd. now owns 1,328,765 shares of the technology company’s stock worth $221,133,000 after buying an additional 751,541 shares in the last quarter. Norges Bank purchased a new position in Woodward during the fourth quarter worth about $120,220,000. GAMMA Investing LLC grew its position in Woodward by 44,162.8% during the first quarter. GAMMA Investing LLC now owns 472,284 shares of the technology company’s stock worth $86,187,000 after buying an additional 471,217 shares in the last quarter. Farallon Capital Management LLC grew its position in Woodward by 31.8% during the fourth quarter. Farallon Capital Management LLC now owns 1,521,300 shares of the technology company’s stock worth $253,175,000 after buying an additional 367,300 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Woodward in the 4th quarter worth about $31,187,000. 81.18% of the stock is currently owned by institutional investors.
Woodward Stock Up 1.5%
WWD stock opened at $266.10 on Monday. The stock’s fifty day simple moving average is $240.92 and its two-hundred day simple moving average is $204.30. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 0.20. Woodward has a 1-year low of $145.98 and a 1-year high of $267.45. The stock has a market cap of $15.80 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.84 and a beta of 1.26.
Woodward (NASDAQ:WWD – Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. Woodward had a return on equity of 16.57% and a net margin of 11.32%. The business had revenue of $915.45 million for the quarter, compared to analysts’ expectations of $884.98 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Analysts expect that Woodward will post 6.15 EPS for the current year.
Woodward Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.42%. Woodward’s payout ratio is 18.09%.
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.
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