Barrington Research Lowers Woodward, Inc.Common Stock (NASDAQ:WWD) to Market Perform

Woodward, Inc.Common Stock (NASDAQ:WWD) was downgraded by Barrington Research from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, Briefing.com Automated Import reports.

WWD has been the topic of a number of other research reports. BidaskClub raised shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. ValuEngine raised shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $106.75.

Shares of WWD opened at $115.68 on Wednesday. The firm has a market cap of $7.10 billion, a PE ratio of 23.70, a PEG ratio of 1.62 and a beta of 1.30. The firm’s 50 day moving average price is $108.47 and its 200 day moving average price is $110.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02. Woodward, Inc.Common Stock has a twelve month low of $68.40 and a twelve month high of $119.20.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings data on Monday, November 18th. The technology company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.07). The business had revenue of $736.54 million for the quarter, compared to the consensus estimate of $746.21 million. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. Woodward, Inc.Common Stock’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. On average, sell-side analysts anticipate that Woodward, Inc.Common Stock will post 5.51 earnings per share for the current fiscal year.

In related news, CFO Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 36,553 shares of the company’s stock, valued at $3,959,420.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.61% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in Woodward, Inc.Common Stock by 257.5% during the 2nd quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock worth $117,020,000 after purchasing an additional 744,802 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Woodward, Inc.Common Stock by 793.2% in the second quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock worth $85,268,000 after purchasing an additional 669,635 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Woodward, Inc.Common Stock in the second quarter worth about $55,453,000. Nuveen Asset Management LLC bought a new stake in shares of Woodward, Inc.Common Stock in the second quarter worth about $51,503,000. Finally, Morgan Stanley increased its holdings in shares of Woodward, Inc.Common Stock by 349.0% in the second quarter. Morgan Stanley now owns 410,813 shares of the technology company’s stock worth $46,487,000 after purchasing an additional 319,326 shares during the last quarter. 75.37% of the stock is currently owned by institutional investors and hedge funds.

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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