Credit Suisse Group upgraded shares of Woodward, Inc.Common Stock (NASDAQ:WWD) from a neutral rating to an outperform rating in a research note released on Monday morning, BenzingaRatingsTable reports. The firm currently has $145.00 price objective on the technology company’s stock, up from their prior price objective of $110.00.
Several other equities analysts also recently issued reports on WWD. ValuEngine raised shares of Woodward, Inc.Common Stock from a sell rating to a hold rating in a research note on Tuesday, November 19th. BidaskClub downgraded shares of Woodward, Inc.Common Stock from a strong-buy rating to a buy rating in a research note on Thursday, December 19th. Barrington Research downgraded shares of Woodward, Inc.Common Stock from an outperform rating to a market perform rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group raised shares of Woodward, Inc.Common Stock from a hold rating to a buy rating and upped their price objective for the company from $108.00 to $135.00 in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Woodward, Inc.Common Stock presently has an average rating of Hold and an average target price of $124.80.
WWD stock opened at $123.86 on Monday. The company’s 50 day simple moving average is $120.43 and its 200-day simple moving average is $112.39. The firm has a market capitalization of $7.56 billion, a PE ratio of 25.38, a P/E/G ratio of 1.71 and a beta of 1.31. Woodward, Inc.Common Stock has a 12 month low of $75.57 and a 12 month high of $129.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Monday, November 18th. The technology company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.07). The business had revenue of $736.54 million during the quarter, compared to analyst estimates of $746.21 million. Woodward, Inc.Common Stock had a net margin of 8.95% and a return on equity of 18.62%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. As a group, sell-side analysts anticipate that Woodward, Inc.Common Stock will post 5.45 earnings per share for the current year.
In related news, CEO Thomas A. Gendron sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $112.50, for a total transaction of $112,500.00. Following the transaction, the chief executive officer now owns 227,390 shares of the company’s stock, valued at $25,581,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas A. Gendron sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $116.33, for a total transaction of $407,155.00. Following the transaction, the chief executive officer now directly owns 229,890 shares in the company, valued at approximately $26,743,103.70. The disclosure for this sale can be found here. Insiders have sold 77,480 shares of company stock worth $9,312,577 in the last three months. Insiders own 4.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its stake in Woodward, Inc.Common Stock by 281.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 271 shares of the technology company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Usca Ria LLC purchased a new position in shares of Woodward, Inc.Common Stock in the 3rd quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Woodward, Inc.Common Stock in the 3rd quarter valued at $55,000. HM Payson & Co. purchased a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at $91,000. Finally, MUFG Americas Holdings Corp purchased a new position in shares of Woodward, Inc.Common Stock in the 3rd quarter valued at $108,000. 73.65% of the stock is currently owned by institutional investors.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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