Deutsche Bank Aktiengesellschaft Increases Woodward (NASDAQ:WWD) Price Target to $162.00

Woodward (NASDAQ:WWD) had its price target upped by investment analysts at Deutsche Bank Aktiengesellschaft from $158.00 to $162.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 3.35% from the company’s current price.

Several other equities analysts also recently commented on the company. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and upped their target price for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. TD Cowen decreased their price objective on Woodward from $200.00 to $186.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. The Goldman Sachs Group dropped their target price on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and raised their price target for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and a consensus target price of $174.67.

Woodward Stock Performance

Shares of NASDAQ WWD opened at $167.62 on Thursday. Woodward has a 12 month low of $119.03 and a 12 month high of $188.35. The stock has a 50 day moving average of $162.82 and a 200-day moving average of $167.37. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $10.21 billion, a P/E ratio of 29.30, a P/E/G ratio of 1.78 and a beta of 1.37.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.11. The company had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. As a group, equities research analysts predict that Woodward will post 5.91 EPS for the current year.

Institutional Trading of Woodward

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its holdings in shares of Woodward by 94.2% during the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after acquiring an additional 210,746 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Woodward by 12.3% during the first quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock valued at $207,359,000 after purchasing an additional 147,856 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Woodward by 37.6% during the fourth quarter. Sei Investments Co. now owns 524,683 shares of the technology company’s stock worth $71,425,000 after purchasing an additional 143,410 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Woodward by 1.3% in the first quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock valued at $899,431,000 after buying an additional 77,654 shares during the period. Finally, Intrinsic Edge Capital Management LLC raised its holdings in Woodward by 878.6% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 62,033 shares of the technology company’s stock valued at $8,445,000 after buying an additional 70,000 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in 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.