Woodward (NASDAQ:WWD) PT Raised to $200.00

Woodward (NASDAQ:WWD) had its target price boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $182.00 to $200.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 22.66% from the company’s previous close.

A number of other analysts have also weighed in on the company. Truist Financial increased their price objective on Woodward from $143.00 to $152.00 and gave the company a “hold” rating in a research note on Tuesday. UBS Group raised their target price on Woodward from $168.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Barclays increased their price objective on Woodward from $134.00 to $140.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Alembic Global Advisors downgraded Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 target price for the company. in a report on Thursday, February 1st. Finally, StockNews.com cut shares of Woodward from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.89.

Woodward Trading Up 7.9 %

Shares of WWD stock traded up $11.98 on Tuesday, hitting $163.05. 650,144 shares of the company’s stock traded hands, compared to its average volume of 386,590. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.69 and a current ratio of 2.65. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 1.84 and a beta of 1.36. The company’s fifty day simple moving average is $148.01 and its 200 day simple moving average is $138.67. Woodward has a one year low of $95.60 and a one year high of $169.99.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, April 29th. The technology company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.28 by $0.34. Woodward had a return on equity of 15.26% and a net margin of 9.50%. The firm had revenue of $835.34 million for the quarter, compared to the consensus estimate of $807.04 million. During the same quarter in the previous year, the business earned $1.01 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Equities analysts forecast that Woodward will post 5.27 EPS for the current year.

Insider Activity at Woodward

In other Woodward news, EVP Christopher Fawzy sold 11,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the transaction, the executive vice president now owns 4,836 shares in the company, valued at approximately $677,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director John D. Cohn sold 1,500 shares of Woodward stock in a transaction 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 of the company’s stock, valued at $2,850,934.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher Fawzy sold 11,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total value of $1,540,000.00. Following the sale, the executive vice president now owns 4,836 shares of the company’s stock, valued at approximately $677,040. The disclosure for this sale can be found here. Insiders sold 51,200 shares of company stock valued at $7,242,916 over the last 90 days. Corporate insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Woodward

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its holdings in Woodward by 79.3% during the fourth quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock valued at $27,000 after buying an additional 88 shares during the last quarter. Mather Group LLC. bought a new position in Woodward in the 1st quarter worth $34,000. Principal Securities Inc. purchased a new position in Woodward during the fourth quarter valued at $34,000. BluePath Capital Management LLC bought a new stake in Woodward during the third quarter valued at about $32,000. Finally, GAMMA Investing LLC purchased a new stake in Woodward in the fourth quarter worth about $44,000. Hedge funds and other institutional investors 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.