Barclays Issues Positive Forecast for Woodward (NASDAQ:WWD) Stock Price

Woodward (NASDAQ:WWD) had its price target raised by equities researchers at Barclays from $175.00 to $200.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential upside of 12.13% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. TD Cowen reaffirmed a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Truist Financial reiterated a “buy” rating and issued a $226.00 price objective (up previously from $187.00) on shares of Woodward in a research report on Tuesday, November 26th. UBS Group increased their price objective on shares of Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.44.

Woodward Trading Up 0.0 %

NASDAQ WWD traded up $0.01 during trading hours on Tuesday, hitting $178.36. 12,111 shares of the company’s stock were exchanged, compared to its average volume of 432,476. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. Woodward has a 1-year low of $131.12 and a 1-year high of $201.64. The stock has a 50-day simple moving average of $169.52 and a 200 day simple moving average of $170.98. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.91 and a beta of 1.38.

Insider Transactions at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 7,913 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,015,921.43. This represents a 40.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Woodward

Several institutional investors and hedge funds have recently added to or reduced their stakes in WWD. Naya Capital Management UK Ltd. acquired a new stake in shares of Woodward during the third quarter worth $99,000,000. Acadian Asset Management LLC grew its position in Woodward by 94.2% during the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock worth $75,735,000 after purchasing an additional 210,746 shares during the last quarter. State Street Corp grew its position in shares of Woodward by 4.8% in the 3rd quarter. State Street Corp now owns 2,421,483 shares of the technology company’s stock valued at $415,309,000 after purchasing an additional 110,569 shares during the period. International Assets Investment Management LLC raised its stake in Woodward by 17,072.3% in the 3rd quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock valued at $13,165,000 after acquiring an additional 76,313 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Woodward by 13.3% in the second quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock worth $110,679,000 after buying an additional 74,734 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

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.