Woodward (NASDAQ:WWD) Price Target Raised to $228.00

Woodward (NASDAQ:WWD) had its price objective upped by equities researchers at UBS Group from $209.00 to $228.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. UBS Group’s price objective would suggest a potential upside of 16.30% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Truist Financial reissued a “buy” rating and set a $226.00 price target (up from $187.00) on shares of Woodward in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group lowered their price target on Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, TD Cowen reissued a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Woodward has a consensus rating of “Hold” and an average price target of $184.67.

Woodward Stock Up 9.3 %

Shares of WWD stock traded up $16.76 during mid-day trading on Tuesday, hitting $196.05. 584,700 shares of the stock traded hands, compared to its average volume of 427,422. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. The stock has a market cap of $11.70 billion, a P/E ratio of 32.78, a P/E/G ratio of 1.87 and a beta of 1.38. The stock’s fifty day moving average is $167.82 and its two-hundred day moving average is $170.87. Woodward has a 52-week low of $129.46 and a 52-week high of $201.64.

Insiders Place Their Bets

In related news, COO Thomas G. Cromwell sold 7,913 shares of Woodward stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $175.13, for a total value of $1,385,803.69. Following the completion of the transaction, the chief operating officer now owns 11,511 shares in the company, valued at $2,015,921.43. The trade was a 40.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 27,913 shares of company stock worth $4,907,304 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WWD. True Wealth Design LLC purchased a new position in Woodward in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC acquired a new position in shares of Woodward in the 3rd quarter valued at $31,000. AlphaCentric Advisors LLC purchased a new position in shares of Woodward in the 2nd quarter valued at $37,000. Capital Performance Advisors LLP purchased a new position in shares of Woodward in the 3rd quarter valued at $41,000. Finally, UMB Bank n.a. lifted its position in Woodward by 101.6% in the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after acquiring an additional 124 shares during the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

About Woodward

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