Woodward (NASDAQ:WWD) Given New $107.00 Price Target at Barclays

Woodward (NASDAQ:WWDGet Rating) had its price objective cut by Barclays from $110.00 to $107.00 in a report released on Monday morning, Marketbeat reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities analysts have also weighed in on WWD. StockNews.com started coverage on Woodward in a research note on Wednesday, October 12th. They issued a hold rating for the company. Wolfe Research started coverage on Woodward in a research note on Monday, October 10th. They issued an outperform rating and a $100.00 price target for the company. Jefferies Financial Group restated a hold rating and issued a $90.00 price target on shares of Woodward in a research note on Wednesday, September 14th. Truist Financial lifted their price target on Woodward from $80.00 to $88.00 in a research note on Friday, November 18th. Finally, Wells Fargo & Company lifted their price target on Woodward from $100.00 to $106.00 and gave the company an equal weight rating in a research note on Friday, November 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $105.86.

Woodward Stock Performance

Shares of WWD stock opened at $98.35 on Monday. The stock has a market cap of $5.88 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.50. The business has a 50-day simple moving average of $89.77 and a 200-day simple moving average of $94.14. The company has a quick ratio of 1.48, a current ratio of 2.43 and a debt-to-equity ratio of 0.37. Woodward has a 52-week low of $79.26 and a 52-week high of $129.12.

Woodward Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.76 annualized dividend and a yield of 0.77%. Woodward’s dividend payout ratio (DPR) is currently 27.84%.

Insiders Place Their Bets

In related news, Director David P. Hess purchased 11,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was acquired at an average cost of $93.93 per share, for a total transaction of $1,033,230.00. Following the completion of the transaction, the director now directly owns 15,400 shares of the company’s stock, valued at $1,446,522. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Mark D. Hartman sold 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $92.21, for a total value of $488,713.00. Following the completion of the sale, the chief financial officer now directly owns 2,585 shares in the company, valued at $238,362.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David P. Hess purchased 11,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $93.93 per share, with a total value of $1,033,230.00. Following the completion of the transaction, the director now directly owns 15,400 shares of the company’s stock, valued at $1,446,522. The disclosure for this purchase can be found here. In the last three months, insiders bought 12,000 shares of company stock worth $1,127,640. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Securian Asset Management Inc. lifted its holdings in Woodward by 1.8% in the first quarter. Securian Asset Management Inc. now owns 5,704 shares of the technology company’s stock valued at $712,000 after acquiring an additional 100 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Woodward by 0.3% in the second quarter. Yousif Capital Management LLC now owns 33,810 shares of the technology company’s stock valued at $3,127,000 after acquiring an additional 105 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Woodward by 1.6% in the third quarter. Prudential Financial Inc. now owns 7,726 shares of the technology company’s stock valued at $624,000 after acquiring an additional 125 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Woodward by 41.0% during the second quarter. Meeder Asset Management Inc. now owns 468 shares of the technology company’s stock worth $43,000 after purchasing an additional 136 shares in the last quarter. Finally, East Coast Asset Management LLC. lifted its stake in Woodward by 0.5% during the third quarter. East Coast Asset Management LLC. now owns 31,882 shares of the technology company’s stock worth $2,559,000 after purchasing an additional 144 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

About Woodward

(Get Rating)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.

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Analyst Recommendations for Woodward (NASDAQ:WWD)

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