Woodward (NASDAQ:WWD) Stock Price Expected to Rise, Truist Financial Analyst Says

Woodward (NASDAQ:WWD) had its price objective increased by stock analysts at Truist Financial from $226.00 to $229.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial’s price target would suggest a potential upside of 24.69% from the company’s previous close.

WWD has been the topic of a number of other reports. Wells Fargo & Company dropped their target price on shares of Woodward from $197.00 to $193.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. UBS Group increased their price target on shares of Woodward from $209.00 to $228.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. TD Cowen reissued a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Finally, Barclays boosted their price objective on Woodward from $175.00 to $200.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Woodward Stock Down 0.2 %

Shares of NASDAQ:WWD opened at $183.66 on Tuesday. Woodward has a 12-month low of $133.56 and a 12-month high of $201.64. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 1.85 and a beta of 1.39. The business’s 50 day moving average is $175.52 and its 200 day moving average is $169.39.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, November 25th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.22 by $0.19. The firm had revenue of $855.00 million during the quarter, compared to analyst estimates of $810.39 million. Woodward had a net margin of 11.22% and a return on equity of 17.13%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. On average, sell-side analysts forecast that Woodward will post 5.98 earnings per share for the current fiscal year.

Insider Activity at Woodward

In related news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $181.85, for a total transaction of $1,818,500.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,093,275.35. This represents a 46.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John D. Cohn sold 2,400 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $179.57, for a total transaction of $430,968.00. Following the sale, the director now owns 20,963 shares of the company’s stock, valued at approximately $3,764,325.91. This represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,313 shares of company stock valued at $10,752,072. Insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC bought a new position in Woodward during the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC purchased a new stake in Woodward during the 3rd quarter valued at $31,000. Capital Performance Advisors LLP bought a new stake in Woodward in the 3rd quarter worth about $41,000. UMB Bank n.a. lifted its stake in Woodward by 101.6% during the 3rd 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 period. Finally, Brooklyn Investment Group bought a new position in Woodward during the third quarter valued at approximately $69,000. 81.18% of the stock is currently owned by institutional investors.

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.