Wood & Company Reiterates “Hold” Rating for Woodward, Inc.Common Stock (NASDAQ:WWD)

Wood & Company reiterated their hold rating on shares of Woodward, Inc.Common Stock (NASDAQ:WWD) in a report released on Tuesday, May 7th, AnalystRatings.com reports.

Other research analysts also recently issued reports about the company. BidaskClub raised Woodward, Inc.Common Stock from a hold rating to a buy rating in a research note on Wednesday, February 27th. ValuEngine raised Woodward, Inc.Common Stock from a hold rating to a buy rating in a report on Wednesday, February 13th. SunTrust Banks boosted their price objective on Woodward, Inc.Common Stock to $97.00 and gave the stock a buy rating in a report on Tuesday, January 29th. Zacks Investment Research raised Woodward, Inc.Common Stock from a hold rating to a buy rating and set a $82.00 price objective for the company in a report on Saturday, January 12th. Finally, Barrington Research set a $110.00 price objective on Woodward, Inc.Common Stock and gave the stock a buy rating in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Woodward, Inc.Common Stock currently has an average rating of Buy and a consensus price target of $105.00.

Shares of NASDAQ:WWD traded up $0.05 during midday trading on Tuesday, reaching $108.92. The company’s stock had a trading volume of 293,310 shares, compared to its average volume of 411,132. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 1.10. Woodward, Inc.Common Stock has a fifty-two week low of $68.40 and a fifty-two week high of $114.55.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Monday, April 29th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.35. The company had revenue of $758.84 million for the quarter, compared to the consensus estimate of $661.88 million. Woodward, Inc.Common Stock had a return on equity of 19.75% and a net margin of 9.21%. The firm’s revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Analysts anticipate that Woodward, Inc.Common Stock will post 4.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, May 17th. Woodward, Inc.Common Stock’s dividend payout ratio is presently 16.88%.

In other Woodward, Inc.Common Stock news, insider Chad Robert Preiss sold 14,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $106.79, for a total transaction of $1,495,060.00. Following the sale, the insider now owns 31,127 shares in the company, valued at $3,324,052.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher Fawzy sold 8,500 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $113.50, for a total value of $964,750.00. Following the sale, the vice president now owns 12,006 shares in the company, valued at approximately $1,362,681. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,010 shares of company stock valued at $16,053,200. 4.61% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in shares of Woodward, Inc.Common Stock by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 642,614 shares of the technology company’s stock valued at $51,962,000 after purchasing an additional 2,120 shares in the last quarter. Teachers Advisors LLC raised its position in Woodward, Inc.Common Stock by 2.5% in the 3rd quarter. Teachers Advisors LLC now owns 127,071 shares of the technology company’s stock valued at $10,275,000 after purchasing an additional 3,118 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Woodward, Inc.Common Stock in the 3rd quarter valued at $10,960,000. Morgan Stanley raised its position in Woodward, Inc.Common Stock by 41.8% in the 3rd quarter. Morgan Stanley now owns 284,692 shares of the technology company’s stock valued at $23,020,000 after purchasing an additional 83,893 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Woodward, Inc.Common Stock by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,965,656 shares of the technology company’s stock valued at $401,523,000 after purchasing an additional 93,193 shares during the last quarter. Hedge funds and other institutional investors own 74.73% of the company’s stock.

Woodward, Inc.Common Stock Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Analyst Recommendations for Woodward, Inc.Common Stock (NASDAQ:WWD)

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