Woodward, Inc. (WWD) Stock Rating Lowered by ValuEngine
ValuEngine lowered shares of Woodward, Inc. (NASDAQ:WWD) from a buy rating to a hold rating in a research report report published on Wednesday morning.
Several other equities research analysts have also recently weighed in on WWD. SunTrust Banks, Inc. upped their target price on Woodward to $77.00 and gave the stock a hold rating in a report on Thursday, November 9th. BidaskClub upgraded Woodward from a buy rating to a strong-buy rating in a report on Friday, September 29th. Cowen and Company reiterated a hold rating and issued a $62.00 target price on shares of Woodward in a report on Thursday, November 9th. Oppenheimer Holdings, Inc. reiterated a market perform rating and issued a $82.00 target price on shares of Woodward in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Woodward from a sell rating to a hold rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $77.71.
Shares of Woodward (NASDAQ WWD) traded down $1.10 during mid-day trading on Wednesday, hitting $76.71. The company’s stock had a trading volume of 238,672 shares, compared to its average volume of 357,461. Woodward has a twelve month low of $65.22 and a twelve month high of $82.94. The stock has a market cap of $4,697.57, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.24. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42.
Woodward (NASDAQ:WWD) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business had revenue of $606.79 million during the quarter, compared to analysts’ expectations of $596.99 million. During the same period in the prior year, the business earned $0.99 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. analysts forecast that Woodward will post 3.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s payout ratio is 15.82%.
In related news, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the transaction, the director now directly owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the transaction, the director now directly owns 345,721 shares in the company, valued at $24,407,902.60. The disclosure for this sale can be found here. Insiders own 5.93% of the company’s stock.
A number of large investors have recently made changes to their positions in WWD. Advisor Group Inc. increased its position in Woodward by 9.8% during the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after buying an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Woodward by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after buying an additional 190 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in Woodward during the 3rd quarter valued at about $203,000. Public Employees Retirement System of Ohio increased its position in Woodward by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after buying an additional 171 shares in the last quarter. Finally, Diversified Trust Co acquired a new position in Woodward during the 2nd quarter valued at about $213,000. 70.68% of the stock is currently owned by institutional investors.
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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