Deutsche Bank Aktiengesellschaft Boosts Woodward (NASDAQ:WWD) Price Target to $200.00

Woodward (NASDAQ:WWD) had its price target lifted by Deutsche Bank Aktiengesellschaft from $182.00 to $200.00 in a report published on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Barclays increased their price objective on shares of Woodward from $134.00 to $140.00 and gave the stock an equal weight rating in a research note on Tuesday, February 6th. StockNews.com downgraded Woodward from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Alembic Global Advisors cut Woodward from an overweight rating to a neutral rating and set a $148.00 price objective on the stock. in a research note on Thursday, February 1st. Truist Financial raised their target price on shares of Woodward from $143.00 to $152.00 and gave the company a hold rating in a research note on Tuesday. Finally, UBS Group upped their price target on shares of Woodward from $168.00 to $177.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $168.75.

Woodward Stock Performance

WWD stock opened at $168.83 on Tuesday. Woodward has a 1-year low of $105.18 and a 1-year high of $169.99. The business’s 50-day moving average price is $149.64 and its two-hundred day moving average price is $139.30. The firm has a market cap of $10.18 billion, a PE ratio of 29.52, a P/E/G ratio of 1.81 and a beta of 1.31. The company has a current ratio of 2.62, a quick ratio of 1.69 and a debt-to-equity ratio of 0.28.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The business had revenue of $835.34 million for the quarter, compared to analyst estimates of $807.04 million. During the same period last year, the business posted $1.01 earnings per share. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. As a group, research analysts forecast that Woodward will post 5.88 earnings per share for the current year.

Woodward Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, May 21st. Woodward’s dividend payout ratio is 17.48%.

Insider Buying and Selling at Woodward

In other news, EVP Christopher Fawzy sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the completion of the sale, the executive vice president now owns 4,836 shares in the company, valued at approximately $677,040. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the completion of the sale, the director now directly owns 20,531 shares in the company, valued at approximately $2,850,934.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher Fawzy sold 11,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $140.00, for a total value of $1,540,000.00. Following the transaction, the executive vice president now owns 4,836 shares in the company, valued at approximately $677,040. The disclosure for this sale can be found here. Insiders have sold a total of 51,200 shares of company stock worth $7,242,916 over the last ninety days. Insiders own 1.12% of the company’s stock.

Hedge Funds Weigh In On Woodward

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Woodward in the 4th quarter valued at $84,157,000. Hawk Ridge Capital Management LP raised its position in shares of Woodward by 61.9% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 490,042 shares of the technology company’s stock worth $60,893,000 after acquiring an additional 187,300 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Woodward by 37.6% in the 4th quarter. Sei Investments Co. now owns 524,683 shares of the technology company’s stock valued at $71,425,000 after purchasing an additional 143,410 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Woodward in the 3rd quarter valued at about $16,627,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Woodward by 3,387.8% during the 4th quarter. Panagora Asset Management Inc. now owns 78,231 shares of the technology company’s stock valued at $10,650,000 after purchasing an additional 75,988 shares in the last quarter. 81.18% of the stock is owned by institutional investors.

About Woodward

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 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.