Woodward, Inc.Common Stock (WWD) Stock Rating Lowered by BidaskClub

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Woodward, Inc.Common Stock (NASDAQ:WWD) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

WWD has been the subject of several other research reports. Wood & Company reiterated a “buy” rating and set a $99.00 price objective on shares of Woodward, Inc.Common Stock in a research report on Wednesday, September 26th. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Barrington Research reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, October 30th. Credit Suisse Group increased their price objective on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, November 8th. Finally, SunTrust Banks upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and increased their price objective for the company from $80.00 to $96.00 in a research report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $87.13.

Shares of NASDAQ:WWD opened at $75.19 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.89 and a quick ratio of 0.96. Woodward, Inc.Common Stock has a fifty-two week low of $68.56 and a fifty-two week high of $89.30. The firm has a market cap of $4.85 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.45 and a beta of 1.33.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.08. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 16.80%. The firm had revenue of $719.40 million during the quarter, compared to analyst estimates of $689.01 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. Woodward, Inc.Common Stock’s revenue for the quarter was up 18.6% on a year-over-year basis. Research analysts anticipate that Woodward, Inc.Common Stock will post 4.6 earnings per share for the current year.

In other news, CEO Thomas A. Gendron sold 1,000 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $80.87, for a total value of $80,870.00. Following the sale, the chief executive officer now owns 227,390 shares of the company’s stock, valued at $18,389,029.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas A. Gendron sold 2,000 shares of the stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $81.33, for a total transaction of $162,660.00. Following the completion of the sale, the insider now directly owns 227,390 shares in the company, valued at approximately $18,493,628.70. The disclosure for this sale can be found here. In the last three months, insiders sold 23,625 shares of company stock worth $1,942,411. Insiders own 6.17% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC raised its stake in shares of Woodward, Inc.Common Stock by 11.6% in the second quarter. Voya Investment Management LLC now owns 918,121 shares of the technology company’s stock valued at $70,566,000 after acquiring an additional 95,756 shares during the period. BlackRock Inc. raised its stake in shares of Woodward, Inc.Common Stock by 4.1% in the second quarter. BlackRock Inc. now owns 5,977,566 shares of the technology company’s stock valued at $459,435,000 after acquiring an additional 236,693 shares during the period. Adalta Capital Management LLC raised its stake in shares of Woodward, Inc.Common Stock by 2.1% in the second quarter. Adalta Capital Management LLC now owns 77,425 shares of the technology company’s stock valued at $5,951,000 after acquiring an additional 1,600 shares during the period. GWM Advisors LLC purchased a new stake in shares of Woodward, Inc.Common Stock in the third quarter valued at $1,584,000. Finally, US Bancorp DE raised its stake in shares of Woodward, Inc.Common Stock by 8.8% in the third quarter. US Bancorp DE now owns 22,276 shares of the technology company’s stock valued at $1,801,000 after acquiring an additional 1,808 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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