Woodward, Inc. (NASDAQ:WWD) had its price target boosted by SunTrust Banks, Inc. to $77.00 in a research report sent to investors on Thursday. The brokerage currently has a hold rating on the technology company’s stock.
Other research analysts have also recently issued research reports about the stock. Wood & Company reaffirmed a buy rating and issued a $80.00 target price on shares of Woodward in a research report on Tuesday, July 25th. BidaskClub raised shares of Woodward from a hold rating to a buy rating in a research report on Saturday, September 23rd. Zacks Investment Research raised shares of Woodward from a sell rating to a hold rating in a research report on Tuesday, September 26th. Oppenheimer Holdings, Inc. reissued a market perform rating and set a $82.00 price target on shares of Woodward in a research report on Thursday, October 26th. Finally, CIBC started coverage on shares of Woodward in a research report on Friday, July 14th. They set an outperform rating and a $82.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $75.75.
Woodward (NASDAQ:WWD) traded down $2.83 during midday trading on Thursday, reaching $79.22. 425,700 shares of the company’s stock were exchanged, compared to its average volume of 280,197. Woodward has a 52 week low of $62.90 and a 52 week high of $82.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.05. The firm has a market capitalization of $4,857.53, a PE ratio of 25.07, a P/E/G ratio of 1.96 and a beta of 1.24.
Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The company had revenue of $606.79 million for the quarter, compared to analysts’ expectations of $596.99 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. Woodward’s revenue for the quarter was up 2.7% compared to the same quarter last year. equities research analysts anticipate that Woodward will post 3.4 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, November 10th. This represents a $0.50 annualized dividend and a dividend yield of 0.63%. Woodward’s dividend payout ratio is presently 15.82%.
In related news, Director John A. Halbrook sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the sale, the director now owns 345,721 shares of the company’s stock, valued at $24,407,902.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Halbrook sold 8,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the completion of the sale, the director now directly owns 350,521 shares in the company, valued at approximately $24,543,480.42. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its holdings in Woodward by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,046 shares of the technology company’s stock valued at $476,000 after acquiring an additional 18 shares in the last quarter. Jennison Associates LLC raised its holdings in Woodward by 0.4% in the second quarter. Jennison Associates LLC now owns 9,009 shares of the technology company’s stock valued at $609,000 after acquiring an additional 34 shares in the last quarter. World Asset Management Inc raised its holdings in Woodward by 2.7% in the second quarter. World Asset Management Inc now owns 3,462 shares of the technology company’s stock valued at $234,000 after acquiring an additional 91 shares in the last quarter. Advisor Group Inc. raised its holdings in Woodward by 9.8% in the second 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 in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Woodward by 5.8% in the second 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 in the last quarter. 71.31% of the stock is currently owned by hedge funds and other institutional investors.
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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