Woodward (NASDAQ:WWD) Price Target Cut to $125.00

Woodward (NASDAQ:WWDGet Rating) had its target price cut by equities research analysts at Cowen from $130.00 to $125.00 in a report released on Tuesday, The Fly reports. Cowen’s price target would suggest a potential upside of 13.95% from the company’s previous close.

Several other equities research analysts have also recently issued reports on WWD. TheStreet cut shares of Woodward from a “b” rating to a “c+” rating in a research report on Monday, January 31st. StockNews.com initiated coverage on shares of Woodward in a research report on Thursday, March 31st. They issued a “hold” rating for the company. William Blair reissued an “outperform” rating on shares of Woodward in a research report on Thursday, March 10th. 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 report on Wednesday, February 2nd. Finally, Jefferies Financial Group boosted their price target on shares of Woodward from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, March 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $126.63.

NASDAQ:WWD opened at $109.70 on Tuesday. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.50. The company has a fifty day simple moving average of $120.31 and a two-hundred day simple moving average of $115.26. Woodward has a 52 week low of $101.28 and a 52 week high of $130.75. The company has a quick ratio of 3.02, a current ratio of 4.39 and a debt-to-equity ratio of 0.33.

Woodward (NASDAQ:WWDGet Rating) last released its quarterly earnings data on Monday, May 2nd. The technology company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.14). Woodward had a return on equity of 9.44% and a net margin of 8.77%. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, analysts expect that Woodward will post 3.75 EPS for the current year.

In other Woodward news, CEO Thomas A. Gendron sold 70,895 shares of Woodward 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. CWM LLC acquired a new position in Woodward during the fourth quarter worth about $26,000. Sageworth Trust Co of South Dakota acquired a new position in Woodward during the fourth quarter worth about $26,000. Quent Capital LLC acquired a new position in Woodward during the fourth quarter worth about $29,000. Manchester Capital Management LLC acquired a new position in Woodward during the third quarter worth about $31,000. Finally, Rockefeller Capital Management L.P. grew its position in Woodward by 43.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 315 shares of the technology company’s stock worth $34,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 80.05% 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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