Shares of Woodward, Inc.Common Stock (NASDAQ:WWD) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $114.52. Woodward, Inc.Common Stock shares last traded at $115.17, with a volume of 6,414 shares trading hands.
A number of brokerages have recently issued reports on WWD. Zacks Investment Research downgraded Inflarx from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. BidaskClub upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, May 7th. SunTrust Banks lowered their price objective on Broadcom to $307.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Finally, Barrington Research set a $110.00 price objective on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $103.40.
The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.01 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.88 and a beta of 1.34. The company has a 50-day moving average price of $112.59.
In other news, VP Christopher Fawzy sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $108.58, for a total transaction of $868,640.00. Following the completion of the sale, the vice president now owns 7,506 shares in the company, valued at $815,001.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert F. Weber, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $107.14, for a total value of $2,678,500.00. Following the sale, the chief financial officer now owns 36,553 shares of the company’s stock, valued at approximately $3,916,288.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,700 shares of company stock valued at $8,126,475. 4.61% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in shares of 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 in the last quarter. Pearl River Capital LLC purchased a new position in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $66,000. Meeder Asset Management Inc. purchased a new position in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $94,000. Manchester Capital Management LLC purchased a new position in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $107,000. Finally, Private Capital Group LLC boosted its position in shares of Woodward, Inc.Common Stock by 163.2% during the first quarter. Private Capital Group LLC now owns 1,316 shares of the technology company’s stock valued at $125,000 after buying an additional 816 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.
About Woodward, Inc.Common Stock (NASDAQ:WWD)
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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