Woodward (NASDAQ: WWD) has recently received a number of price target changes and ratings updates:

  • 10/31/2017 – Woodward was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/27/2017 – Woodward was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Persistent weakness in large capital projects remains one of the major dampeners for Woodward's industrial segment. Also, the company’s dependence on government defense budgets, stiff competition it faces from a number of major players in the U.S. and abroad as well as sluggish growth in China are major concerns. Moreover, it underperformed the broader industry on a year-to-date basis. Further, a comparative analysis of the company’s historical EV/EBITDA ratio shows that the company is overvalued when compared to its own range as well as that of the broader industry. This indicates that there is no upside left for the company in terms of this metric.  However, Woodward stands to benefit from increased global usage of natural gas as a source of electricity and transportation fuel, while strong backlog in the commercial aerospace space buoys optimism.”
  • 10/26/2017 – Woodward was downgraded by analysts at Wood & Company from an “outperform” rating to a “market perform” rating.
  • 10/26/2017 – Woodward had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $82.00 price target on the stock.
  • 9/29/2017 – Woodward was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/26/2017 – Woodward was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Woodward stands to benefit from increased global usage of natural gas as a source of electricity and transportation fuel, while strong backlog in the commercial aerospace space buoys optimism. Its investments in new technologies will ensure that it remains well positioned to achieve its goal of being a premier aerospace supplier. However, persistent weakness in large capital projects remains one of the major dampeners for Woodward's industrial segment. Also, the company’s dependence on government defense budgets, stiff competition it faces from a number of major players in the U.S. and abroad as well as sluggish growth in China are major concerns. Moreover, it underperformed the broader industry on a year-to-date basis.”
  • 9/23/2017 – Woodward was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Woodward, Inc. (WWD) opened at $77.99 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.21 and a quick ratio of 1.05. The stock has a market capitalization of $4,782.11, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio (DPR) is 15.77%.

In other news, Director John A. Halbrook sold 1,800 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $70.60, for a total transaction of $127,080.00. Following the transaction, the director now directly owns 345,721 shares of the company’s stock, valued at $24,407,902.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Donovan sold 5,700 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total value of $402,135.00. Following the transaction, the director now directly owns 39,052 shares in the company, valued at $2,755,118.60. The disclosure for this sale can be found here. Insiders have sold 16,200 shares of company stock worth $1,138,389 over the last three months. Corporate insiders own 5.93% of the company’s stock.

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.

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