Brokerages Set Woodward, Inc.Common Stock (NASDAQ:WWD) Target Price at $106.75

Woodward, Inc.Common Stock (NASDAQ:WWD) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $106.75.

A number of brokerages have issued reports on WWD. Barrington Research set a $119.00 target price on Woodward, Inc.Common Stock and gave the company a “buy” rating in a research report on Wednesday, September 4th. SunTrust Banks reaffirmed a “hold” rating and issued a $110.00 price objective (down from $118.00) on shares of Woodward, Inc.Common Stock in a research note on Friday, June 14th. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research note on Monday, August 26th. BidaskClub downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, ValuEngine lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

In related news, Director Mary L. Petrovich sold 3,577 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $107.23, for a total value of $383,561.71. Following the sale, the director now owns 6,015 shares of the company’s stock, valued at $644,988.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $108.32, for a total transaction of $1,083,200.00. Following the completion of the sale, the chief financial officer now directly owns 36,553 shares in the company, valued at approximately $3,959,420.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,577 shares of company stock worth $3,592,562. 4.61% of the stock is owned by company insiders.



A number of hedge funds and other institutional investors have recently bought and sold shares of WWD. Crossmark Global Holdings Inc. grew its position in Woodward, Inc.Common Stock by 1.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 6,725 shares of the technology company’s stock valued at $638,000 after buying an additional 100 shares in the last quarter. State Treasurer State of Michigan increased its holdings in shares of Woodward, Inc.Common Stock by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,900 shares of the technology company’s stock valued at $1,888,000 after buying an additional 100 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Woodward, Inc.Common Stock by 5.2% during the second quarter. Allianz Asset Management GmbH now owns 2,543 shares of the technology company’s stock valued at $288,000 after buying an additional 126 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Woodward, Inc.Common Stock by 1.8% in the 1st quarter. CIBC Private Wealth Group LLC now owns 8,497 shares of the technology company’s stock valued at $806,000 after acquiring an additional 152 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of Woodward, Inc.Common Stock by 0.3% in the first quarter. MetLife Investment Advisors LLC now owns 56,979 shares of the technology company’s stock valued at $5,407,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 74.27% of the company’s stock.

Shares of WWD stock traded up $0.94 during trading on Friday, hitting $107.88. 6,730 shares of the stock traded hands, compared to its average volume of 276,143. Woodward, Inc.Common Stock has a 52-week low of $68.40 and a 52-week high of $119.20. The firm has a market capitalization of $6.61 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.69 and a beta of 1.35. The firm’s fifty day moving average price is $108.38 and its 200-day moving average price is $106.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.02 and a quick ratio of 1.19.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13. Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The company had revenue of $752.01 million during the quarter, compared to analysts’ expectations of $699.59 million. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. As a group, equities research analysts expect that Woodward, Inc.Common Stock will post 4.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.162 per share. The ex-dividend date was Monday, August 19th. This represents a $0.65 dividend on an annualized basis and a yield of 0.60%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 16.88%.

About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Analyst Recommendations for Woodward, Inc.Common Stock (NASDAQ:WWD)

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