Other equities analysts have also issued reports about the company. Barrington Research set a $119.00 price objective on Woodward, Inc.Common Stock and gave the company a “buy” rating in a report on Monday, October 21st. BidaskClub raised Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a report on Friday. Finally, Wood & Company reissued a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Woodward, Inc.Common Stock presently has a consensus rating of “Hold” and an average price target of $106.75.
NASDAQ WWD traded up $2.09 on Tuesday, hitting $115.68. 1,621,000 shares of the stock traded hands, compared to its average volume of 395,366. The business’s fifty day moving average is $108.47 and its two-hundred day moving average is $110.00. Woodward, Inc.Common Stock has a 12 month low of $68.40 and a 12 month high of $119.20. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.62 and a beta of 1.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02.
Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Monday, November 18th. The technology company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.07). Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The firm had revenue of $736.54 million for the quarter, compared to the consensus estimate of $746.21 million. During the same period last year, the company posted $1.39 earnings per share. Woodward, Inc.Common Stock’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Woodward, Inc.Common Stock will post 4.93 EPS for the current fiscal year.
In other news, CFO Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $108.32, for a total value of $1,083,200.00. Following the completion of the transaction, the chief financial officer now directly owns 36,553 shares of the company’s stock, valued at $3,959,420.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.61% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of WWD. 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 worth $117,020,000 after acquiring an additional 744,802 shares during the period. JPMorgan Chase & Co. boosted its stake in Woodward, Inc.Common Stock by 793.2% during the second quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock valued at $85,268,000 after buying an additional 669,635 shares during the period. Westfield Capital Management Co. LP bought a new stake in Woodward, Inc.Common Stock during the second quarter valued at $55,453,000. Nuveen Asset Management LLC bought a new stake in Woodward, Inc.Common Stock during the second quarter valued at $51,503,000. Finally, Morgan Stanley boosted its stake in Woodward, Inc.Common Stock by 349.0% during the second quarter. Morgan Stanley now owns 410,813 shares of the technology company’s stock valued at $46,487,000 after buying an additional 319,326 shares during the period. 75.37% 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.
Read More: Channel Trading
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Woodward Inc.Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc.Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.