Woodward Inc (WWD) Receives $70.75 Consensus Target Price from Analysts
Woodward Inc (NASDAQ:WWD) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $70.75.
A number of equities research analysts have recently weighed in on the company. Stephens assumed coverage on Woodward in a research note on Thursday, April 13th. They set an “overweight” rating and a $82.00 price target on the stock. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. Finally, SunTrust Banks, Inc. assumed coverage on Woodward in a research note on Thursday, January 19th. They set a “hold” rating and a $69.00 price target on the stock.
Woodward (NASDAQ:WWD) traded up 0.07% during midday trading on Thursday, reaching $68.80. 251,996 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 21.60 and a beta of 1.21. The firm’s 50 day moving average is $68.66 and its 200 day moving average is $66.98. Woodward has a 52 week low of $51.91 and a 52 week high of $72.28.
Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, January 23rd. The technology company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.23. Woodward had a return on equity of 17.11% and a net margin of 9.97%. The business had revenue of $443 million for the quarter, compared to analyst estimates of $450.95 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was down .4% on a year-over-year basis. On average, equities analysts anticipate that Woodward will post $3.17 earnings per share for the current year.
In related news, VP Christopher Fawzy sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $69.50, for a total value of $722,800.00. Following the sale, the vice president now owns 13,906 shares in the company, valued at $966,467. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas A. Gendron sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $69.40, for a total value of $3,123,000.00. Following the completion of the sale, the insider now owns 223,434 shares in the company, valued at approximately $15,506,319.60. The disclosure for this sale can be found here. Insiders have sold 98,800 shares of company stock worth $6,947,615 in the last 90 days. Insiders own 5.93% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Fund Advisors raised its stake in shares of Woodward by 5.9% in the third quarter. BlackRock Fund Advisors now owns 2,856,606 shares of the technology company’s stock worth $178,481,000 after buying an additional 159,254 shares in the last quarter. Northern Trust Corp raised its stake in shares of Woodward by 3.1% in the third quarter. Northern Trust Corp now owns 1,114,424 shares of the technology company’s stock worth $69,630,000 after buying an additional 33,465 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Woodward by 9.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 890,622 shares of the technology company’s stock worth $61,497,000 after buying an additional 74,048 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Woodward by 7.7% in the fourth quarter. Brown Advisory Inc. now owns 659,242 shares of the technology company’s stock worth $45,521,000 after buying an additional 47,054 shares in the last quarter. Finally, Cooke & Bieler LP raised its stake in shares of Woodward by 0.4% in the third quarter. Cooke & Bieler LP now owns 600,186 shares of the technology company’s stock worth $37,500,000 after buying an additional 2,520 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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