BidaskClub Downgrades Woodward, Inc.Common Stock (NASDAQ:WWD) to Hold

Woodward, Inc.Common Stock (NASDAQ:WWD) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, April 11th, BidAskClub reports.

Several other equities research analysts have also recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $110.00 price objective (up from $96.00) on shares of Woodward, Inc.Common Stock in a research report on Tuesday, April 2nd. ValuEngine cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. SunTrust Banks upped their price target on shares of Woodward, Inc.Common Stock to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, February 5th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Woodward, Inc.Common Stock presently has a consensus rating of “Buy” and a consensus target price of $105.00.

Woodward, Inc.Common Stock stock traded up $3.82 during trading hours on Thursday, hitting $112.34. The company had a trading volume of 362,380 shares, compared to its average volume of 468,083. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.84 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 1.05. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $114.55.

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

In related news, Director Ronald M. Sega sold 4,200 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $91.03, for a total transaction of $382,326.00. Following the completion of the sale, the director now owns 16,475 shares of the company’s stock, valued at $1,499,719.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad Robert Preiss sold 14,000 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $89.77, for a total transaction of $1,256,780.00. The disclosure for this sale can be found here. Insiders sold a total of 295,710 shares of company stock valued at $28,167,981 in the last ninety days. Corporate insiders own 4.61% of the company’s stock.

A number of large investors have recently bought and sold shares of WWD. Private Capital Group LLC lifted its position in Woodward, Inc.Common Stock by 437.6% during the fourth quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock valued at $37,000 after acquiring an additional 407 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Woodward, Inc.Common Stock by 774.2% during the first quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock valued at $50,000 after acquiring an additional 480 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in Woodward, Inc.Common Stock during the fourth quarter valued at approximately $59,000. Pearl River Capital LLC purchased a new stake in Woodward, Inc.Common Stock during the first quarter valued at approximately $66,000. Finally, Quantamental Technologies LLC purchased a new stake in Woodward, Inc.Common Stock during the fourth quarter valued at approximately $80,000. 75.40% of the stock is owned by institutional investors.

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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