StockNews.com Upgrades Woodward (NASDAQ:WWD) to “Buy”

StockNews.com upgraded shares of Woodward (NASDAQ:WWDGet Rating) from a hold rating to a buy rating in a research note published on Monday.

WWD has been the subject of several other reports. Jefferies Financial Group reaffirmed a hold rating and set a $90.00 price objective on shares of Woodward in a report on Wednesday, September 14th. Wells Fargo & Company increased their price target on shares of Woodward from $100.00 to $106.00 and gave the company an equal weight rating in a report on Friday, November 18th. Barclays reduced their price target on shares of Woodward from $110.00 to $107.00 and set an equal weight rating for the company in a report on Monday. Wolfe Research started coverage on shares of Woodward in a report on Monday, October 10th. They issued an outperform rating and a $100.00 price target for the company. Finally, Truist Financial increased their price target on shares of Woodward from $80.00 to $88.00 in a report on Friday, November 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $105.86.

Woodward Price Performance

NASDAQ WWD opened at $98.35 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $89.77 and a 200 day simple moving average of $94.14. The company has a market cap of $5.88 billion, a P/E ratio of 36.03, a P/E/G ratio of 2.13 and a beta of 1.50. Woodward has a 1 year low of $79.26 and a 1 year high of $129.12.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, November 10th. Woodward’s payout ratio is 27.84%.

Insider Transactions at Woodward

In other Woodward news, Director David P. Hess acquired 11,000 shares of Woodward stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of $93.93 per share, with a total value of $1,033,230.00. Following the acquisition, the director now owns 15,400 shares of the company’s stock, valued at $1,446,522. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Woodward news, Director David P. Hess acquired 11,000 shares of Woodward stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of $93.93 per share, with a total value of $1,033,230.00. Following the acquisition, the director now owns 15,400 shares of the company’s stock, valued at $1,446,522. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark D. Hartman sold 5,300 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $92.21, for a total transaction of $488,713.00. Following the sale, the chief financial officer now owns 2,585 shares of the company’s stock, valued at approximately $238,362.85. The disclosure for this sale can be found here. In the last three months, insiders acquired 12,000 shares of company stock valued at $1,127,640. Company insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On Woodward

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in Woodward by 15.4% in the 1st quarter. BlackRock Inc. now owns 5,749,193 shares of the technology company’s stock valued at $718,131,000 after acquiring an additional 768,984 shares in the last quarter. Vanguard Group Inc. increased its position in Woodward by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,301,811 shares of the technology company’s stock valued at $425,522,000 after acquiring an additional 15,752 shares in the last quarter. State Street Corp increased its position in Woodward by 41.1% in the 1st quarter. State Street Corp now owns 2,134,296 shares of the technology company’s stock valued at $266,595,000 after acquiring an additional 621,559 shares in the last quarter. Cooke & Bieler LP increased its position in Woodward by 9.6% in the 2nd quarter. Cooke & Bieler LP now owns 1,759,615 shares of the technology company’s stock valued at $162,746,000 after acquiring an additional 153,721 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Woodward by 15.8% in the 1st quarter. Bank of America Corp DE now owns 860,628 shares of the technology company’s stock valued at $107,500,000 after acquiring an additional 117,421 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

About Woodward

(Get Rating)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through two segments: Aerospace and Industrial. The 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.

Recommended Stories

Analyst Recommendations for Woodward (NASDAQ:WWD)

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