Woodward (NASDAQ:WWD) Earns “Outperform” Rating from Royal Bank Of Canada

Woodward (NASDAQ:WWD)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $450.00 target price on the technology company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 6.27% from the stock’s previous close.

A number of other analysts have also commented on WWD. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a research report on Friday, July 17th. Wall Street Zen downgraded shares of Woodward from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company assumed coverage on shares of Woodward in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $440.00 price target on the stock. Zacks Research upgraded shares of Woodward from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Finally, UBS Group raised their price objective on Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Woodward presently has an average rating of “Buy” and an average price target of $395.50.

Woodward Stock Up 1.1%

Woodward stock traded up $4.46 during midday trading on Monday, reaching $423.46. The stock had a trading volume of 11,176 shares, compared to its average volume of 711,892. The firm’s fifty day simple moving average is $392.11 and its 200-day simple moving average is $375.37. Woodward has a 1-year low of $233.31 and a 1-year high of $450.92. The stock has a market capitalization of $25.23 billion, a P/E ratio of 50.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73.

Woodward (NASDAQ:WWD) last released its earnings results on Wednesday, April 29th. The technology company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.10 by $0.17. Woodward had a return on equity of 20.12% and a net margin of 12.85%.The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $1.69 EPS. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. As a group, analysts expect that Woodward will post 9.34 EPS for the current fiscal year.

Insider Buying and Selling at Woodward

In other news, Director Daniel G. Korte sold 14,700 shares of Woodward stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $356.05, for a total transaction of $5,233,935.00. Following the completion of the transaction, the director directly owned 4,434 shares in the company, valued at approximately $1,578,725.70. The trade was a 76.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Karrie M. Bem sold 185 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total value of $65,675.00. Following the transaction, the executive vice president directly owned 3,648 shares in the company, valued at $1,295,040. The trade was a 4.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,629 shares of company stock worth $5,570,005 over the last ninety days. Insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Woodward

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP bought a new position in shares of Woodward in the first quarter valued at about $2,039,000. Focus Partners Wealth lifted its stake in shares of Woodward by 35.5% during the 1st quarter. Focus Partners Wealth now owns 2,390 shares of the technology company’s stock worth $436,000 after buying an additional 626 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Woodward by 684.3% during the 1st quarter. Acadian Asset Management LLC now owns 5,043 shares of the technology company’s stock worth $920,000 after buying an additional 4,400 shares during the period. Russell Investments Group Ltd. grew its stake in Woodward by 7.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,030 shares of the technology company’s stock valued at $988,000 after buying an additional 265 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Woodward by 11.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 506 shares of the technology company’s stock valued at $124,000 after buying an additional 54 shares during the last quarter. 81.18% of the stock is owned by institutional investors.

Woodward Company Profile

Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.

Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.