Woodward (NASDAQ:WWD) Rating Increased to Strong-Buy at Guggenheim

Woodward (NASDAQ:WWD) was upgraded by investment analysts at Guggenheim to a “strong-buy” rating in a report issued on Monday, Zacks reports.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded Woodward from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. TD Cowen lifted their target price on shares of Woodward from $390.00 to $420.00 and gave the company a “hold” rating in a report on Monday, July 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research report on Friday, July 17th. Melius Research cut shares of Woodward from a “buy” rating to a “hold” rating and set a $388.00 price target for the company. in a research note on Monday. Finally, Susquehanna started coverage on shares of Woodward in a research report on Tuesday, May 26th. They set a “positive” rating and a $423.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $415.17.

Woodward Stock Performance

Shares of WWD stock opened at $318.45 on Monday. The stock’s 50-day moving average is $364.97 and its two-hundred day moving average is $374.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.14 and a current ratio of 1.65. Woodward has a 1 year low of $233.31 and a 1 year high of $450.92. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.87 and a beta of 0.87.

Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%.The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 EPS. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. Analysts predict that Woodward will post 9.46 earnings per share for the current year.

Insider Buying and Selling at Woodward

In other news, EVP Shawn McLevige sold 2,150 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $356.82, for a total value of $767,163.00. Following the transaction, the executive vice president owned 3,098 shares of the company’s stock, valued at approximately $1,105,428.36. The trade was a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Woodward

Several hedge funds have recently modified their holdings of WWD. Sequoia Financial Advisors LLC increased its stake in Woodward by 25.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,680 shares of the technology company’s stock valued at $10,925,000 after buying an additional 5,148 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Woodward by 277.1% in the 2nd quarter. WINTON GROUP Ltd now owns 2,640 shares of the technology company’s stock worth $1,123,000 after acquiring an additional 1,940 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Woodward by 15.6% in the second quarter. NewEdge Advisors LLC now owns 2,381 shares of the technology company’s stock valued at $1,013,000 after acquiring an additional 322 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Woodward by 5.8% during the second quarter. Baird Financial Group Inc. now owns 80,479 shares of the technology company’s stock worth $34,239,000 after acquiring an additional 4,395 shares during the period. Finally, Nykredit A S acquired a new position in shares of Woodward during the second quarter worth about $744,000. 81.18% of the stock is owned by institutional investors and hedge funds.

Woodward Company Profile

Woodward, Inc (NASDAQ: WWD) designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage fuel, air, combustion, motion, actuation and electrical power in engines, turbines and other energy-conversion systems.

In aerospace, Woodward supplies systems and components for commercial aircraft, business aviation, military aircraft, helicopters and space applications. Its offerings include fuel metering and engine control systems, air-management products, actuators, electric power systems and other controls used in propulsion and aircraft subsystems.

Woodward also serves industrial customers with controls for power generation, gas and diesel engines, renewable-energy equipment, industrial turbines and other applications.