Woodward, Inc. (NASDAQ:WWD) Stock Has Consensus Target Price of $413.82

Woodward, Inc. (NASDAQ:WWD) has been given an average rating of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $413.82.

WWD has been the topic of several recent analyst reports. TD Cowen decreased their price target on Woodward from $420.00 to $380.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company cut their price objective on Woodward from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Guggenheim began coverage on shares of Woodward in a report on Monday, September 14th. They issued a “buy” rating and a $404.00 price objective on the stock. Wall Street Zen cut shares of Woodward from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Woodward in a research note on Thursday, October 15th.

Hedge Funds Weigh In On Woodward

Hedge funds have recently made changes to their positions in the stock. Bard Associates Inc. acquired a new stake in Woodward in the 2nd quarter valued at approximately $28,000. Washington Trust Advisors Inc. acquired a new position in Woodward during the second quarter worth $33,000. Elevation Wealth Partners LLC boosted its position in shares of Woodward by 550.0% during the second quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock worth $39,000 after buying an additional 77 shares during the period. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Woodward during the third quarter worth $34,000. Finally, Parallel Advisors LLC boosted its position in shares of Woodward by 82.5% during the first quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $41,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Trading Down 0.6%

Woodward stock traded down $2.04 during mid-day trading on Friday, hitting $329.86. The company’s stock had a trading volume of 387,740 shares, compared to its average volume of 705,553. The stock’s fifty day moving average is $325.55 and its two-hundred day moving average is $363.93. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $19.48 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. Woodward has a 1 year low of $253.52 and a 1 year high of $450.92.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 19th. Woodward’s dividend payout ratio is currently 14.24%.

About Woodward

Woodward, Inc. designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage the operation of aircraft engines, turbines, and other equipment used in power generation and industrial applications. In aerospace, Woodward supplies systems and components for commercial and military aircraft, helicopters, business aviation, and space applications. These include engine controls, fuel systems, actuation equipment, and components that regulate airflow and combustion.