Woodward, Inc. (NASDAQ:WWD) Given Consensus Rating of “Hold” by Brokerages

Shares of Woodward, Inc. (NASDAQ:WWD) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $174.67.

WWD has been the topic of several research reports. TD Cowen reissued a “hold” rating and issued a $160.00 target price (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and upped their target price for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Finally, Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and upped their price objective for the company from $152.00 to $187.00 in a report on Wednesday, August 21st.

Insider Buying and Selling at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $177.65, for a total value of $1,776,500.00. Following the completion of the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,044,929.15. The trade was a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 27,913 shares of company stock valued at $4,907,304. Corporate insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Woodward

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new position in Woodward during the third quarter valued at $28,000. Wolff Wiese Magana LLC acquired a new stake in Woodward in the 3rd quarter worth about $31,000. AlphaCentric Advisors LLC acquired a new stake in shares of Woodward in the second quarter worth approximately $37,000. Capital Performance Advisors LLP acquired a new stake in shares of Woodward in the third quarter worth approximately $41,000. Finally, UMB Bank n.a. increased its position in shares of Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 81.18% of the company’s stock.

Woodward Stock Up 2.0 %

NASDAQ:WWD opened at $176.05 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Woodward has a twelve month low of $129.46 and a twelve month high of $188.35. The company has a market cap of $10.50 billion, a PE ratio of 29.44, a P/E/G ratio of 1.87 and a beta of 1.38. The company’s 50 day moving average is $167.82 and its two-hundred day moving average is $170.87.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

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.