Woodward (NASDAQ:WWD) Price Target Raised to $200.00

Woodward (NASDAQ:WWD) had its price objective raised by Barclays from $175.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. Truist Financial restated a “buy” rating and set a $226.00 price objective (up previously from $187.00) on shares of Woodward in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. StockNews.com raised shares of Woodward from a “hold” rating to a “buy” rating in a report on Monday. UBS Group raised their target price on Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, TD Cowen reissued a “hold” rating and issued a $160.00 price objective (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Woodward currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.44.

Woodward Trading Down 1.4 %

NASDAQ:WWD opened at $181.32 on Tuesday. The firm has a 50 day moving average of $170.27 and a 200 day moving average of $171.15. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. Woodward has a 52 week low of $131.12 and a 52 week high of $201.64. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.91 and a beta of 1.38.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, November 25th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.19. Woodward had a return on equity of 17.13% and a net margin of 11.22%. The firm had revenue of $855.00 million during the quarter, compared to analysts’ expectations of $810.39 million. During the same quarter last year, the firm earned $1.33 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Woodward will post 5.98 earnings per share for the current fiscal year.

Woodward Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, November 21st. Woodward’s dividend payout ratio is currently 16.64%.

Insider Buying and Selling at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,008,669.50. This trade represents a 46.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Cohn sold 2,400 shares of Woodward stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total value of $430,968.00. Following the completion of the transaction, the director now owns 20,963 shares of the company’s stock, valued at approximately $3,764,325.91. This represents a 10.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,313 shares of company stock valued at $8,933,572. 1.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Woodward

A number of large investors have recently modified their holdings of WWD. True Wealth Design LLC acquired a new position in Woodward during the third quarter worth about $28,000. Wolff Wiese Magana LLC purchased a new position in Woodward during the third quarter worth approximately $31,000. AlphaCentric Advisors LLC acquired a new position in Woodward during the second quarter worth $37,000. Capital Performance Advisors LLP purchased a new stake in Woodward in the 3rd quarter valued at $41,000. Finally, UMB Bank n.a. increased its stake in shares of Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

About Woodward

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.