Woodward (NASDAQ:WWD) Stock Price Target Cut by TD Cowen

Woodward (NASDAQ:WWD) had its target price cut by TD Cowen from $420.00 to $380.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective suggests a potential upside of 14.76% from the stock’s current price.

A number of other research analysts also recently issued reports on WWD. Jefferies Financial Group reduced their price objective on Woodward from $450.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Truist Financial lifted their target price on shares of Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Guggenheim assumed coverage on shares of Woodward in a research note on Monday, September 14th. They set a “buy” rating and a $404.00 price target on the stock. Melius Research downgraded shares of Woodward from a “buy” rating to a “hold” rating and set a $388.00 price objective for the company. in a report on Monday, September 14th. Finally, Wall Street Zen lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $418.36.

Woodward Stock Up 2.4%

WWD stock traded up $7.67 during mid-day trading on Friday, reaching $331.12. 110,776 shares of the company traded hands, compared to its average volume of 708,145. The company has a quick ratio of 1.14, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average price is $341.80 and its 200 day moving average price is $369.23. The stock has a market cap of $19.55 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 1.74 and a beta of 0.86. Woodward has a fifty-two week low of $244.69 and a fifty-two week high of $450.92.

Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. Woodward had a return on equity of 21.89% and a net margin of 13.17%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $1.76 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, equities research analysts predict that Woodward will post 9.46 EPS for the current fiscal year.

Insider Transactions at Woodward

In other news, EVP Shawn McLevige sold 2,150 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $356.82, for a total transaction of $767,163.00. Following the transaction, the executive vice president directly owned 3,098 shares of the company’s stock, valued at approximately $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Woodward

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Woodward in the second quarter valued at approximately $2,984,684,000. Sei Investments Co. raised its holdings in Woodward by 12.5% during the 1st quarter. Sei Investments Co. now owns 904,404 shares of the technology company’s stock valued at $323,705,000 after buying an additional 100,465 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Woodward by 45.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company’s stock valued at $322,060,000 after buying an additional 334,333 shares during the period. Bank of America Corp DE purchased a new stake in Woodward during the 2nd quarter valued at $303,698,000. Finally, Findlay Park Partners LLP bought a new stake in Woodward in the 2nd quarter worth $231,958,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

About Woodward

Woodward, Inc is a designer, manufacturer and service provider of control systems and components for the aerospace and energy industries. The company develops technologies that help regulate the flow of fuel, air and power in aircraft engines, industrial engines and other energy systems.

Woodward’s aerospace products include engine controls, fuel metering systems, actuation systems, air-management components and electric power systems used in commercial aircraft, business jets, military aircraft and other aerospace applications.