Woodward (WWD) Upgraded at BidaskClub
BidaskClub upgraded shares of Woodward (NASDAQ:WWD) from a sell rating to a hold rating in a report released on Tuesday morning.
WWD has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Woodward from a hold rating to a sell rating in a research report on Friday, October 27th. ValuEngine downgraded shares of Woodward from a buy rating to a hold rating in a research report on Wednesday, November 15th. Wood & Company downgraded shares of Woodward from an outperform rating to a market perform rating in a research report on Thursday, October 26th. Cowen reaffirmed a hold rating and issued a $62.00 price objective on shares of Woodward in a research report on Sunday, December 10th. Finally, Oppenheimer reaffirmed a market perform rating and issued a $82.00 price objective on shares of Woodward in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $77.71.
Shares of Woodward (WWD) traded up $0.81 during trading on Tuesday, hitting $79.99. 637,886 shares of the stock were exchanged, compared to its average volume of 391,257. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39. Woodward has a 52-week low of $65.22 and a 52-week high of $82.94. The stock has a market cap of $4,880.00, a P/E ratio of 25.31, a P/E/G ratio of 1.95 and a beta of 1.24.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The firm had revenue of $606.79 million for the quarter, compared to the consensus estimate of $596.99 million. During the same quarter in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. equities research analysts expect that Woodward will post 3.4 earnings per share for the current fiscal year.
In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the sale, the director now owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.17% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in WWD. Advisor Group Inc. lifted its stake in Woodward by 9.8% during the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after acquiring an additional 147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Woodward by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares during the period. Wesbanco Bank Inc. acquired a new stake in Woodward during the 3rd quarter valued at approximately $203,000. CAPROCK Group Inc. acquired a new stake in Woodward during the 3rd quarter valued at approximately $222,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Woodward by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after acquiring an additional 171 shares during the period. 72.12% of the stock is currently owned by institutional investors.
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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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