Woodward, Inc. (NASDAQ:WWD – Get Rating) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $126.86.
A number of equities analysts have commented on WWD shares. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating and set a $115.00 price target for the company in a research note on Wednesday, February 2nd. StockNews.com started coverage on shares of Woodward in a report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $143.00 in a report on Friday, January 7th. Jefferies Financial Group boosted their price objective on shares of Woodward from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 10th. Finally, TheStreet lowered shares of Woodward from a “b” rating to a “c+” rating in a report on Monday, January 31st.
WWD stock opened at $117.11 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.39 and a quick ratio of 3.02. Woodward has a one year low of $101.28 and a one year high of $130.75. The stock has a market cap of $7.39 billion, a PE ratio of 38.91, a P/E/G ratio of 2.31 and a beta of 1.51. The firm has a 50 day simple moving average of $120.74 and a two-hundred day simple moving average of $115.22.
The company also recently declared a quarterly dividend, which was paid on Monday, March 7th. Investors of record on Monday, February 21st were issued a dividend of $0.19 per share. This is a positive change from Woodward’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Thursday, February 17th. Woodward’s dividend payout ratio is currently 25.25%.
In other Woodward news, CEO Thomas A. Gendron sold 70,895 shares of the company’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $122.19, for a total value of $8,662,660.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas A. Gendron sold 9,613 shares of the company’s stock in a transaction on Tuesday, January 18th. The stock was sold at an average price of $116.62, for a total transaction of $1,121,068.06. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Woodward in the 4th quarter worth about $53,411,000. FMR LLC grew its position in shares of Woodward by 114.4% in the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after buying an additional 288,545 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Woodward in the 3rd quarter worth about $26,806,000. Millennium Management LLC grew its position in shares of Woodward by 321.5% in the 3rd quarter. Millennium Management LLC now owns 310,114 shares of the technology company’s stock worth $35,105,000 after buying an additional 236,534 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Woodward by 98.2% in the 3rd quarter. Goldman Sachs Group Inc. now owns 430,578 shares of the technology company’s stock worth $48,742,000 after buying an additional 213,292 shares during the period. Institutional investors and hedge funds own 81.06% of the company’s stock.
Woodward Company Profile (Get Rating)
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.
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