Shares of Woodward, Inc. (NASDAQ:WWD) have earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $78.75.

A number of brokerages have recently issued reports on WWD. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Barrington Research reissued a “market perform” rating on shares of Woodward in a research report on Tuesday, February 6th. Credit Suisse Group reduced their target price on shares of Woodward from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Tuesday, April 24th. Zacks Investment Research raised shares of Woodward from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Friday, April 20th. Finally, Wood & Company reaffirmed a “hold” rating on shares of Woodward in a research report on Tuesday, April 24th.

In other Woodward news, CFO Robert F. Weber, Jr. sold 7,000 shares of the business’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $72.87, for a total transaction of $510,090.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas A. Gendron sold 62,000 shares of the business’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $73.22, for a total value of $4,539,640.00. Following the transaction, the insider now directly owns 288,390 shares of the company’s stock, valued at approximately $21,115,915.80. The disclosure for this sale can be found here. Insiders have sold 83,800 shares of company stock valued at $6,152,644 in the last ninety days. 6.17% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE increased its stake in shares of Woodward by 4.6% in the fourth quarter. US Bancorp DE now owns 19,405 shares of the technology company’s stock valued at $1,485,000 after buying an additional 857 shares during the period. Aperio Group LLC increased its stake in shares of Woodward by 4.1% in the fourth quarter. Aperio Group LLC now owns 24,736 shares of the technology company’s stock valued at $1,893,000 after buying an additional 978 shares during the period. Profund Advisors LLC increased its stake in shares of Woodward by 12.3% in the first quarter. Profund Advisors LLC now owns 8,963 shares of the technology company’s stock valued at $642,000 after buying an additional 980 shares during the period. M&T Bank Corp increased its stake in shares of Woodward by 8.3% in the first quarter. M&T Bank Corp now owns 13,590 shares of the technology company’s stock valued at $973,000 after buying an additional 1,037 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Woodward by 49.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock valued at $251,000 after buying an additional 1,092 shares during the period. 72.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Woodward traded down $0.43, reaching $74.72, during trading on Monday, Marketbeat reports. The company’s stock had a trading volume of 124,900 shares, compared to its average volume of 194,535. The stock has a market cap of $4.62 billion, a PE ratio of 23.65, a PEG ratio of 1.73 and a beta of 1.25. Woodward has a 52 week low of $65.76 and a 52 week high of $89.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.48 and a current ratio of 2.92.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, April 23rd. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. The company had revenue of $548.25 million during the quarter, compared to analysts’ expectations of $526.84 million. Woodward had a net margin of 7.94% and a return on equity of 14.56%. The business’s revenue was up 9.6% on a year-over-year basis. equities research analysts predict that Woodward will post 3.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Monday, May 21st will be given a dividend of $0.142 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $0.57 annualized dividend and a yield of 0.76%. Woodward’s dividend payout ratio is 18.04%.

Woodward Company Profile

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

Analyst Recommendations for Woodward (NASDAQ:WWD)

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