Woodward, Inc.Common Stock (WWD) Downgraded to Hold at BidaskClub
BidaskClub downgraded shares of Woodward, Inc.Common Stock (NASDAQ:WWD) from a buy rating to a hold rating in a research note released on Friday.
A number of other analysts also recently commented on the company. ValuEngine downgraded Woodward, Inc.Common Stock from a buy rating to a hold rating in a report on Friday, August 3rd. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a hold rating to a buy rating and set a $91.00 price objective for the company in a report on Wednesday, August 1st. Barrington Research restated a hold rating on shares of Woodward, Inc.Common Stock in a report on Wednesday, August 1st. Finally, Wood & Company restated a hold rating on shares of Woodward, Inc.Common Stock in a report on Monday, July 30th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $80.00.
WWD traded down $1.22 during trading on Friday, hitting $78.17. The company’s stock had a trading volume of 144,003 shares, compared to its average volume of 148,026. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 2.11. The company has a market capitalization of $4.90 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. Woodward, Inc.Common Stock has a twelve month low of $68.56 and a twelve month high of $89.30.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Tuesday, August 21st were issued a $0.142 dividend. The ex-dividend date was Monday, August 20th. This represents a $0.57 annualized dividend and a yield of 0.73%. Woodward, Inc.Common Stock’s dividend payout ratio is currently 18.04%.
In related news, insider Chad Robert Preiss sold 4,812 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $80.79, for a total value of $388,761.48. Following the completion of the sale, the insider now directly owns 21,812 shares in the company, valued at approximately $1,762,191.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James R. Rulseh sold 4,112 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $79.09, for a total value of $325,218.08. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at $790,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,924 shares of company stock valued at $2,788,758. 6.17% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC purchased a new position in Woodward, Inc.Common Stock in the 1st quarter valued at about $217,000. Jane Street Group LLC purchased a new position in Woodward, Inc.Common Stock in the 2nd quarter valued at about $283,000. GAM Holding AG boosted its position in Woodward, Inc.Common Stock by 24.0% in the 2nd quarter. GAM Holding AG now owns 3,851 shares of the technology company’s stock valued at $296,000 after buying an additional 746 shares during the last quarter. Truvestments Capital LLC purchased a new position in Woodward, Inc.Common Stock in the 2nd quarter valued at about $307,000. Finally, Oakbrook Investments LLC purchased a new position in Woodward, Inc.Common Stock in the 2nd quarter valued at about $323,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.
Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.
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