Woodward, Inc. (NASDAQ:WWD) Receives $99.63 Average Target Price from Brokerages


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Woodward, Inc. (NASDAQ:WWD) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $99.63.

WWD has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on Woodward in a research note on Sunday, December 13th. They set a “neutral” rating and a $108.00 target price for the company. Truist raised Woodward from a “sell” rating to a “hold” rating and raised their target price for the stock from $70.00 to $101.00 in a research note on Monday, January 11th. Finally, Credit Suisse Group raised their target price on Woodward from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 2nd.

In related news, CEO Thomas A. Gendron sold 2,099 shares of Woodward stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $114.68, for a total transaction of $240,713.32. Following the transaction, the chief executive officer now owns 7,886 shares of the company’s stock, valued at $904,366.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas A. Gendron sold 47,307 shares of Woodward stock in a transaction that occurred on Thursday, February 25th. The shares were sold at an average price of $122.40, for a total value of $5,790,376.80. Following the transaction, the chief executive officer now directly owns 50,702 shares in the company, valued at approximately $6,205,924.80. The disclosure for this sale can be found here. Insiders sold 213,604 shares of company stock valued at $25,151,523 in the last three months. Insiders own 4.20% of the company’s stock.

Several large investors have recently made changes to their positions in WWD. Fulton Bank N.A. raised its stake in shares of Woodward by 6.3% in the first quarter. Fulton Bank N.A. now owns 2,236 shares of the technology company’s stock valued at $270,000 after buying an additional 133 shares during the period. Eaton Vance Management raised its stake in shares of Woodward by 13.8% during the 4th quarter. Eaton Vance Management now owns 264,859 shares of the technology company’s stock valued at $32,188,000 after purchasing an additional 32,084 shares during the period. Norges Bank bought a new stake in shares of Woodward during the 4th quarter valued at $83,850,000. UBS Asset Management Americas Inc. raised its stake in shares of Woodward by 10.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 85,546 shares of the technology company’s stock valued at $10,396,000 after purchasing an additional 8,337 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of Woodward by 0.3% during the 4th quarter. WCM Investment Management LLC now owns 115,900 shares of the technology company’s stock valued at $14,085,000 after purchasing an additional 365 shares during the period. 81.02% of the stock is currently owned by institutional investors.

Shares of WWD opened at $121.30 on Monday. Woodward has a 1 year low of $50.50 and a 1 year high of $127.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.31 and a quick ratio of 1.36. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 1.84 and a beta of 1.51. The business has a 50-day moving average of $119.13 and a 200-day moving average of $108.99.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Sunday, January 31st. The technology company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.04). Woodward had a return on equity of 15.51% and a net margin of 9.25%. The company had revenue of $537.62 million for the quarter, compared to the consensus estimate of $543.91 million. As a group, sell-side analysts anticipate that Woodward will post 3.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 8th. Shareholders of record on Monday, February 22nd were paid a $0.162 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, February 19th. This is a boost from Woodward’s previous quarterly dividend of $0.08. Woodward’s dividend payout ratio (DPR) is 13.32%.

Woodward Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The 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, and 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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Analyst Recommendations for Woodward (NASDAQ:WWD)

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