Woodward, Inc. (WWD) Coverage Initiated by Analysts at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. began coverage on shares of Woodward, Inc. (NASDAQ:WWD) in a research note published on Friday, MarketBeat reports. The firm issued an outperform rating and a $82.00 target price on the technology company’s stock.
Several other analysts have also weighed in on WWD. Stephens started coverage on Woodward in a report on Thursday, April 13th. They set an overweight rating and a $82.00 price objective on the stock. Cowen and Company reissued a market perform rating and set a $62.00 price objective (up previously from $58.00) on shares of Woodward in a report on Friday, April 21st. Zacks Investment Research raised Woodward from a sell rating to a hold rating in a report on Tuesday, June 20th. BidaskClub lowered Woodward from a buy rating to a hold rating in a report on Tuesday, June 20th. Finally, CL King started coverage on Woodward in a report on Thursday, June 22nd. They set a buy rating and a $79.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $74.11.
Shares of Woodward (NASDAQ WWD) traded down 0.58% during trading on Friday, reaching $68.31. The company had a trading volume of 163,409 shares. The firm has a market capitalization of $4.19 billion, a PE ratio of 21.81 and a beta of 1.20. Woodward has a 12 month low of $57.02 and a 12 month high of $72.28. The stock has a 50 day moving average price of $68.38 and a 200 day moving average price of $68.82.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, April 19th. The technology company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.06. Woodward had a return on equity of 16.41% and a net margin of 9.74%. The firm had revenue of $500.40 million for the quarter, compared to analyst estimates of $498.56 million. During the same period in the previous year, the business posted $0.65 EPS. Woodward’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Woodward will post $3.11 EPS for the current year.
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In related news, CFO Robert F. Weber, Jr. sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total value of $498,675.00. Following the sale, the chief financial officer now owns 34,053 shares of the company’s stock, valued at approximately $2,264,183.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary L. Petrovich purchased 7,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was bought at an average cost of $68.35 per share, for a total transaction of $498,955.00. Following the purchase, the director now owns 22,204 shares in the company, valued at $1,517,643.40. The disclosure for this purchase can be found here. 5.93% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of WWD. Highbridge Capital Management LLC acquired a new position in Woodward during the fourth quarter worth approximately $224,000. Teachers Advisors LLC raised its position in Woodward by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 93,966 shares of the technology company’s stock worth $6,488,000 after buying an additional 2,273 shares in the last quarter. USA Financial Portformulas Corp acquired a new position in Woodward during the fourth quarter worth approximately $308,000. UBS Asset Management Americas Inc. raised its position in Woodward by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 215,960 shares of the technology company’s stock worth $14,911,000 after buying an additional 3,088 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Woodward during the fourth quarter worth approximately $204,000. 70.33% of the stock is currently owned by institutional investors.
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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