StockNews.com assumed coverage on shares of Woodward (NASDAQ:WWD – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the technology company’s stock.
Several other analysts have also issued reports on the stock. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating and set a $115.00 price target on the stock in a research report on Wednesday, February 2nd. William Blair reiterated an “outperform” rating on shares of Woodward in a report on Thursday, March 10th. TheStreet downgraded shares of Woodward from a “b” rating to a “c+” rating in a report on Monday, January 31st. Jefferies Financial Group upped their price objective on shares of Woodward from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, March 10th. Finally, Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and upped their price objective for the company from $110.00 to $143.00 in a report on Friday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $126.86.
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Shares of WWD stock opened at $127.46 on Thursday. The company’s fifty day simple moving average is $118.72 and its 200-day simple moving average is $115.11. The company has a quick ratio of 3.02, a current ratio of 4.39 and a debt-to-equity ratio of 0.33. The firm has a market cap of $8.04 billion, a PE ratio of 42.35, a P/E/G ratio of 2.47 and a beta of 1.53. Woodward has a 12 month low of $101.28 and a 12 month high of $130.75.
Woodward (NASDAQ:WWD – Get Rating) last announced its quarterly earnings data on Monday, January 31st. The technology company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.25). The business had revenue of $541.59 million during the quarter, compared to the consensus estimate of $590.08 million. Woodward had a return on equity of 9.44% and a net margin of 8.77%. During the same period in the prior year, the firm earned $0.64 EPS. On average, equities analysts predict that Woodward will post 3.75 earnings per share for the current fiscal year.
In related news, CEO Thomas A. Gendron sold 70,895 shares of the company’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $122.19, for a total value of $8,662,660.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas A. Gendron sold 9,613 shares of the stock in a transaction dated Tuesday, January 18th. The stock was sold at an average price of $116.62, for a total transaction of $1,121,068.06. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in WWD. CWM LLC acquired a new stake in Woodward during the fourth quarter worth about $26,000. Sageworth Trust Co of South Dakota bought a new position in shares of Woodward in the fourth quarter worth about $26,000. Quent Capital LLC bought a new position in shares of Woodward in the fourth quarter worth about $29,000. Manchester Capital Management LLC bought a new position in shares of Woodward in the third quarter worth about $31,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Woodward by 43.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 315 shares of the technology company’s stock worth $34,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 81.06% of the company’s stock.
About Woodward (Get Rating)
Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.
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Read More: StockNews.com Initiates Coverage on Woodward (NASDAQ:WWD)