Woodward, Inc. (NASDAQ:WWD) had its target price raised by SunTrust Banks, Inc. to $77.00 in a research report released on Thursday, November 9th. The firm currently has a hold rating on the technology company’s stock.
Several other analysts have also recently weighed in on the stock. BidaskClub cut shares of Woodward from a buy rating to a hold rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Woodward from a sell rating to a hold rating in a research note on Tuesday, September 26th. Wood & Company initiated coverage on shares of Woodward in a research note on Thursday, July 13th. They set an outperform rating and a $82.00 price target on the stock. CIBC initiated coverage on shares of Woodward in a report on Friday, July 14th. They issued an outperform rating and a $82.00 price objective on the stock. Finally, Oppenheimer Holdings, Inc. restated a market perform rating and issued a $82.00 price objective on shares of Woodward in a report on Thursday, October 26th. One 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. Woodward currently has a consensus rating of Hold and a consensus price target of $77.71.
Shares of Woodward (NASDAQ:WWD) traded down $0.59 during trading hours on Thursday, reaching $76.67. 145,520 shares of the company were exchanged, compared to its average volume of 274,282. The company has a market capitalization of $4,730.67, a PE ratio of 24.45, a PEG ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28. Woodward has a 12-month low of $65.22 and a 12-month high of $82.94.
Woodward (NASDAQ:WWD) last released its earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million during the quarter, compared to analyst estimates of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. equities analysts anticipate that Woodward will post 3.4 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio (DPR) is presently 15.82%.
In other news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the sale, the director now owns 27,904 shares in the company, valued at approximately $2,223,669.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John A. Halbrook sold 1,800 shares of Woodward stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $70.60, for a total transaction of $127,080.00. Following the completion of the sale, the director now owns 345,721 shares of the company’s stock, valued at approximately $24,407,902.60. The disclosure for this sale can be found here. Company insiders own 5.93% of the company’s stock.
Large investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Woodward by 78.5% during the 3rd quarter. GSA Capital Partners LLP now owns 6,328 shares of the technology company’s stock valued at $491,000 after purchasing an additional 2,782 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Woodward by 34.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 27,974 shares of the technology company’s stock worth $2,016,000 after acquiring an additional 7,100 shares during the last quarter. California Public Employees Retirement System grew its holdings in Woodward by 1.0% during the 3rd quarter. California Public Employees Retirement System now owns 130,188 shares of the technology company’s stock worth $10,104,000 after acquiring an additional 1,288 shares during the last quarter. AMP Capital Investors Ltd bought a new stake in Woodward during the 3rd quarter worth approximately $442,000. Finally, NWQ Investment Management Company LLC grew its holdings in Woodward by 5.1% during the 3rd quarter. NWQ Investment Management Company LLC now owns 122,784 shares of the technology company’s stock worth $9,529,000 after acquiring an additional 5,995 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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