StockNews.com Downgrades Woodward (NASDAQ:WWD) to Hold

Woodward (NASDAQ:WWD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

WWD has been the topic of a number of other reports. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price target 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. TD Cowen reiterated a “hold” rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group dropped their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $174.67.

Woodward Price Performance

Shares of NASDAQ WWD opened at $172.54 on Friday. The stock has a market cap of $10.29 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.82 and a beta of 1.38. The firm’s 50-day simple moving average is $167.60 and its 200 day simple moving average is $170.94. Woodward has a fifty-two week low of $129.46 and a fifty-two week high of $188.35. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the transaction, the chief operating officer now owns 11,511 shares in the company, valued at $2,008,669.50. The trade was a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 27,913 shares of company stock worth $4,907,304 over the last 90 days. 1.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WWD. True Wealth Design LLC purchased a new position in Woodward in the third quarter valued at about $28,000. Wolff Wiese Magana LLC bought a new stake in shares of Woodward during the 3rd quarter worth about $31,000. AlphaCentric Advisors LLC bought a new stake in shares of Woodward during the 2nd quarter worth about $37,000. Capital Performance Advisors LLP bought a new stake in shares of Woodward during the 3rd quarter worth about $41,000. Finally, UMB Bank n.a. boosted its stake in shares of Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Company Profile

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.