Woodward (NASDAQ:WWD) PT Set at $267.00 by Truist Financial

Woodward (NASDAQ:WWD) has been given a $267.00 target price by research analysts at Truist Financial in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial’s price objective points to a potential upside of 11.94% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded Woodward from a “hold” rating to a “buy” rating and set a $291.00 price objective on the stock in a report on Tuesday, June 3rd. Wall Street Zen raised shares of Woodward from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. UBS Group upped their price objective on shares of Woodward from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Jefferies Financial Group reiterated a “buy” rating and set a $245.00 target price (up previously from $225.00) on shares of Woodward in a research report on Friday, May 23rd. Finally, Wells Fargo & Company upped their target price on Woodward from $175.00 to $193.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.13.

Woodward Stock Performance

NASDAQ:WWD traded up $6.45 during midday trading on Thursday, hitting $238.51. The company’s stock had a trading volume of 92,732 shares, compared to its average volume of 473,763. The firm’s 50 day moving average is $199.05 and its 200-day moving average is $187.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19. The firm has a market cap of $14.16 billion, a P/E ratio of 39.90, a P/E/G ratio of 2.37 and a beta of 1.24. Woodward has a fifty-two week low of $145.98 and a fifty-two week high of $238.51.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.25. The firm had revenue of $883.63 million for the quarter, compared to the consensus estimate of $838.61 million. Woodward had a return on equity of 16.76% and a net margin of 11.18%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. Equities analysts anticipate that Woodward will post 6.15 earnings per share for the current fiscal year.

Insider Activity at Woodward

In other news, CEO Charles P. Blankenship sold 5,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $214.38, for a total transaction of $1,071,900.00. Following the transaction, the chief executive officer now owns 72,878 shares in the company, valued at $15,623,585.64. This represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Randall Hobbs sold 500 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $230.00, for a total transaction of $115,000.00. Following the transaction, the executive vice president now directly owns 50,268 shares in the company, valued at $11,561,640. The trade was a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,050 shares of company stock worth $13,267,077 in the last ninety days. 0.82% of the stock is owned by insiders.

Institutional Investors Weigh In On Woodward

A number of large investors have recently added to or reduced their stakes in WWD. MassMutual Private Wealth & Trust FSB boosted its holdings in Woodward by 191.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company’s stock valued at $30,000 after purchasing an additional 109 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Woodward by 2,314.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company’s stock worth $31,000 after purchasing an additional 162 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Woodward by 189.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company’s stock valued at $31,000 after purchasing an additional 112 shares in the last quarter. TCTC Holdings LLC raised its holdings in shares of Woodward by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company’s stock worth $33,000 after buying an additional 98 shares in the last quarter. Finally, NBT Bank N A NY bought a new position in shares of Woodward during the 4th quarter worth approximately $34,000. 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.