Woodward, Inc. (WWD) Price Target Raised to $77.00 at SunTrust Banks, Inc.
Woodward, Inc. (NASDAQ:WWD) had its price target boosted by SunTrust Banks, Inc. to $77.00 in a research note released on Thursday. SunTrust Banks, Inc. currently has a hold rating on the technology company’s stock.
A number of other equities research analysts also recently commented on WWD. BidaskClub downgraded Woodward from a buy rating to a hold rating in a research report on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a market perform rating and issued a $82.00 price objective on shares of Woodward in a research report on Thursday, October 26th. Wood & Company assumed coverage on Woodward in a research report on Thursday, July 13th. They issued an outperform rating and a $82.00 price objective for the company. Finally, Zacks Investment Research raised Woodward from a sell rating to a hold rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Woodward presently has an average rating of Hold and an average target price of $75.75.
Woodward (WWD) traded down $2.83 during trading on Thursday, reaching $79.22. The company’s stock had a trading volume of 425,700 shares, compared to its average volume of 269,894. The stock has a market capitalization of $5,031.02, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. The company has a quick ratio of 1.05, a current ratio of 2.39 and a debt-to-equity ratio of 0.42. Woodward has a one year low of $62.90 and a one year high of $82.94.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The business had revenue of $606.79 million during the quarter, compared to the consensus estimate of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. research analysts anticipate that Woodward will post 3.36 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s payout ratio is currently 15.82%.
In other Woodward news, Director John A. Halbrook sold 1,800 shares of the business’s 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 transaction, the director now owns 345,721 shares in the company, valued at $24,407,902.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John A. Halbrook sold 8,700 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $70.02, for a total value of $609,174.00. Following the transaction, the director now owns 350,521 shares in the company, valued at approximately $24,543,480.42. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its stake in shares of Woodward by 9.8% in the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after acquiring an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Woodward by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock worth $148,000 after acquiring an additional 190 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Woodward in the third quarter worth about $203,000. CAPROCK Group Inc. acquired a new position in shares of Woodward in the third quarter worth about $222,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Woodward by 5.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after acquiring an additional 171 shares in the last quarter. Institutional investors own 71.31% 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.
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