Woodward, Inc. (NASDAQ:WWD) – Investment analysts at Truist Securiti upped their FY2022 EPS estimates for Woodward in a research note issued to investors on Monday, January 11th. Truist Securiti analyst M. Ciarmoli now expects that the technology company will post earnings per share of $4.20 for the year, up from their previous estimate of $4.03.
Other equities research analysts have also recently issued research reports about the stock. Truist raised shares of Woodward from a “sell” rating to a “hold” rating and boosted their target price for the company from $70.00 to $101.00 in a research report on Monday. Credit Suisse Group increased their target price on shares of Woodward from $100.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, November 20th. BidaskClub raised shares of Woodward from a “hold” rating to a “buy” rating in a report on Wednesday, October 7th. Barclays cut Woodward from an “overweight” rating to an “equal weight” rating and set a $130.00 price target for the company. in a research note on Friday, December 4th. Finally, TheStreet raised Woodward from a “c+” rating to a “b” rating in a research report on Thursday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $96.38.
Woodward (NASDAQ:WWD) last announced its earnings results on Wednesday, November 18th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.54 by $0.21. The business had revenue of $531.26 million during the quarter, compared to the consensus estimate of $520.33 million. Woodward had a net margin of 9.25% and a return on equity of 15.51%.
In related news, VP Christopher Fawzy sold 19,000 shares of the stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $112.75, for a total value of $2,142,250.00. Also, Director Paul Donovan sold 1,405 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The shares were sold at an average price of $116.51, for a total transaction of $163,696.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,400 shares of company stock valued at $5,983,238. 4.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its holdings in Woodward by 109.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 398 shares of the technology company’s stock worth $31,000 after purchasing an additional 208 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Woodward in the second quarter worth approximately $53,000. Harbor Investment Advisory LLC lifted its stake in shares of Woodward by 94.8% in the third quarter. Harbor Investment Advisory LLC now owns 744 shares of the technology company’s stock worth $60,000 after acquiring an additional 362 shares during the period. Aigen Investment Management LP bought a new stake in Woodward in the third quarter valued at approximately $107,000. Finally, Iron Financial LLC acquired a new stake in Woodward during the 4th quarter valued at approximately $208,000. 81.02% of the stock is currently owned by institutional investors.
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 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, and 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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