Barrington Research Reiterates “$119.00” Price Target for Woodward, Inc.Common Stock (NASDAQ:WWD)

Barrington Research set a $119.00 target price on Woodward, Inc.Common Stock (NASDAQ:WWD) in a research note published on Monday morning, TipRanks reports. The firm currently has a buy rating on the technology company’s stock.

WWD has been the topic of a number of other reports. BidaskClub lowered Woodward, Inc.Common Stock from a buy rating to a hold rating in a research report on Thursday, August 15th. ValuEngine lowered Woodward, Inc.Common Stock from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Finally, Wood & Company reiterated a sell rating on shares of Woodward, Inc.Common Stock in a research report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $106.75.

Shares of WWD opened at $107.88 on Monday. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02. The business’s fifty day moving average price is $107.19 and its two-hundred day moving average price is $108.64. Woodward, Inc.Common Stock has a 52 week low of $68.40 and a 52 week high of $119.20.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.13. The firm had revenue of $752.01 million for the quarter, compared to analyst estimates of $699.59 million. Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. As a group, research analysts forecast that Woodward, Inc.Common Stock will post 4.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.162 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.65 annualized dividend and a dividend yield of 0.60%. Woodward, Inc.Common Stock’s dividend payout ratio is currently 16.88%.

In other news, CFO Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $108.32, for a total value of $1,083,200.00. Following the transaction, the chief financial officer now directly owns 36,553 shares in the company, valued at approximately $3,959,420.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary L. Petrovich sold 3,577 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $107.23, for a total value of $383,561.71. Following the completion of the transaction, the director now owns 6,015 shares in the company, valued at $644,988.45. The disclosure for this sale can be found here. Insiders sold a total of 33,577 shares of company stock worth $3,592,562 over the last 90 days. 4.61% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Motco bought a new position in Woodward, Inc.Common Stock during the second quarter worth about $39,000. FNY Investment Advisers LLC bought a new position in Woodward, Inc.Common Stock during the second quarter worth about $80,000. HM Payson & Co. bought a new position in Woodward, Inc.Common Stock during the second quarter worth about $91,000. Veritable L.P. bought a new position in Woodward, Inc.Common Stock during the second quarter worth about $200,000. Finally, Magnus Financial Group LLC bought a new position in Woodward, Inc.Common Stock during the second quarter worth about $225,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Woodward, Inc.Common Stock Company Profile

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.

Recommended Story: How does the Beige Book influence monetary policy?

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

Receive News & Ratings for Woodward Inc.Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc.Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.