Woodward (NASDAQ:WWD) Stock Gets Price Target Trim from TD Cowen

Woodward (NASDAQ:WWD) had its target price cut by TD Cowen from $420.00 to $380.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group decreased their target price on Woodward from $450.00 to $420.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Zacks Research downgraded shares of Woodward from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered Woodward from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company decreased their price objective on shares of Woodward from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Wednesday, September 30th. Finally, Royal Bank Of Canada dropped their price target on Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Woodward currently has an average rating of “Moderate Buy” and an average price target of $418.36.

Woodward Price Performance

WWD opened at $335.51 on Friday. The company has a market cap of $19.81 billion, a P/E ratio of 37.32, a P/E/G ratio of 1.80 and a beta of 0.86. The business’s 50-day moving average price is $341.30 and its 200-day moving average price is $369.04. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. Woodward has a 12 month low of $244.69 and a 12 month high of $450.92.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. Woodward had a return on equity of 21.89% and a net margin of 13.17%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, equities analysts expect that Woodward will post 9.46 EPS for the current year.

Woodward Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 19th. Woodward’s dividend payout ratio is 14.24%.

Insider Activity at Woodward

In other news, EVP Shawn McLevige sold 2,150 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $356.82, for a total value of $767,163.00. Following the transaction, the executive vice president owned 3,098 shares in the company, valued at $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is owned by insiders.

Institutional Trading of Woodward

A number of hedge funds and other institutional investors have recently made changes to their positions in WWD. BlackRock Inc. acquired a new stake in Woodward in the 2nd quarter valued at $2,984,684,000. Bank of America Corp DE purchased a new stake in Woodward during the 2nd quarter worth $303,698,000. Findlay Park Partners LLP purchased a new stake in shares of Woodward during the second quarter worth about $231,958,000. Bank of New York Mellon Corp purchased a new position in shares of Woodward during the 2nd quarter valued at approximately $184,322,000. Finally, Artisan Partners Limited Partnership boosted its stake in Woodward by 45.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company’s stock valued at $322,060,000 after acquiring an additional 334,333 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Company Profile

Woodward, Inc is a designer, manufacturer and service provider of control systems and components for the aerospace and energy industries. The company develops technologies that help regulate the flow of fuel, air and power in aircraft engines, industrial engines and other energy systems.

Woodward’s aerospace products include engine controls, fuel metering systems, actuation systems, air-management components and electric power systems used in commercial aircraft, business jets, military aircraft and other aerospace applications.