ValuEngine Lowers Woodward, Inc.Common Stock (NASDAQ:WWD) to Hold

ValuEngine lowered shares of Woodward, Inc.Common Stock (NASDAQ:WWD) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

WWD has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a hold rating to a buy rating and set a $115.00 price objective for the company in a report on Friday, May 3rd. SunTrust Banks restated a hold rating and set a $110.00 price objective (down previously from $118.00) on shares of Woodward, Inc.Common Stock in a research report on Friday, June 14th. BidaskClub downgraded shares of Woodward, Inc.Common Stock from a strong-buy rating to a buy rating in a research report on Saturday, July 27th. Barrington Research set a $110.00 price objective on shares of Woodward, Inc.Common Stock and gave the stock a buy rating in a research report on Tuesday, April 23rd. Finally, Wood & Company restated a hold rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Woodward, Inc.Common Stock presently has an average rating of Buy and a consensus target price of $103.40.

Shares of WWD opened at $109.84 on Thursday. Woodward, Inc.Common Stock has a 1-year low of $68.40 and a 1-year high of $119.20. The firm has a market capitalization of $6.95 billion, a PE ratio of 28.53, a PEG ratio of 1.82 and a beta of 1.34. The company’s 50-day moving average is $114.19. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.162 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.65 annualized dividend and a dividend yield of 0.59%. Woodward, Inc.Common Stock’s dividend payout ratio is presently 16.88%.

In related news, Director Ronald M. Sega sold 6,700 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $112.00, for a total value of $750,400.00. Following the completion of the sale, the director now owns 18,975 shares in the company, valued at approximately $2,125,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Chad Robert Preiss sold 12,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $109.53, for a total transaction of $1,369,125.00. Following the completion of the sale, the insider now owns 29,627 shares of the company’s stock, valued at approximately $3,245,045.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,700 shares of company stock valued at $3,084,275. 4.61% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in WWD. BlackRock Inc. grew its stake in shares of Woodward, Inc.Common Stock by 3.8% during the 1st quarter. BlackRock Inc. now owns 6,449,780 shares of the technology company’s stock worth $612,019,000 after purchasing an additional 237,595 shares during the period. Northern Trust Corp increased its position in Woodward, Inc.Common Stock by 1.3% during the 1st quarter. Northern Trust Corp now owns 1,104,274 shares of the technology company’s stock worth $104,785,000 after purchasing an additional 14,253 shares in the last quarter. Geode Capital Management LLC increased its position in Woodward, Inc.Common Stock by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 676,342 shares of the technology company’s stock worth $50,245,000 after purchasing an additional 53,220 shares in the last quarter. Norges Bank acquired a new stake in Woodward, Inc.Common Stock during the 4th quarter worth approximately $40,686,000. Finally, FMR LLC increased its position in Woodward, Inc.Common Stock by 114.4% during the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after purchasing an additional 288,545 shares in the last quarter. Hedge funds and other institutional investors own 74.46% 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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