Woodward, Inc.Common Stock (NASDAQ:WWD) Receives Average Recommendation of “Hold” from Analysts

Woodward, Inc.Common Stock (NASDAQ:WWD) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $104.50.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, May 3rd. Wood & Company reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, May 7th. ValuEngine cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barrington Research set a $110.00 target price on shares of Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research note on Tuesday, April 23rd.

Shares of WWD traded down $0.02 during midday trading on Wednesday, hitting $106.42. The stock had a trading volume of 258,586 shares, compared to its average volume of 441,979. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $119.20. The firm has a market cap of $6.58 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.02 and a quick ratio of 1.19. The stock’s 50 day moving average is $112.76 and its 200 day moving average is $104.49.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.13. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The company had revenue of $752.01 million for the quarter, compared to analysts’ expectations of $699.59 million. During the same period in the prior year, the business earned $1.12 EPS. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. As a group, equities research analysts expect that Woodward, Inc.Common Stock will post 4.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be paid a dividend of $0.162 per share. The ex-dividend date is Monday, August 19th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.61%. Woodward, Inc.Common Stock’s payout ratio is 16.88%.

In related news, VP Christopher Fawzy sold 8,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $113.50, for a total value of $964,750.00. Following the completion of the transaction, the vice president now directly owns 12,006 shares of the company’s stock, valued at $1,362,681. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary L. Petrovich sold 3,577 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $107.23, for a total value of $383,561.71. Following the completion of the transaction, the director now directly owns 6,015 shares of the company’s stock, valued at $644,988.45. The disclosure for this sale can be found here. Insiders have sold 18,777 shares of company stock worth $2,098,712 over the last 90 days. Insiders own 4.61% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Woodward, Inc.Common Stock by 3.8% in the first quarter. BlackRock Inc. now owns 6,449,780 shares of the technology company’s stock valued at $612,019,000 after acquiring an additional 237,595 shares during the period. Northern Trust Corp boosted its holdings in shares of Woodward, Inc.Common Stock by 1.3% in the first quarter. Northern Trust Corp now owns 1,104,274 shares of the technology company’s stock valued at $104,785,000 after acquiring an additional 14,253 shares during the period. Invesco Ltd. boosted its holdings in shares of Woodward, Inc.Common Stock by 257.5% in the second quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock valued at $117,020,000 after acquiring an additional 744,802 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Woodward, Inc.Common Stock by 793.2% in the second quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock valued at $85,268,000 after acquiring an additional 669,635 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Woodward, Inc.Common Stock by 12.6% in the second quarter. AQR Capital Management LLC now owns 700,788 shares of the technology company’s stock valued at $78,839,000 after acquiring an additional 78,494 shares during the period. 73.35% of the stock is owned by hedge funds and other 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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Analyst Recommendations for Woodward, Inc.Common Stock (NASDAQ:WWD)

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