Woodward, Inc.Common Stock (WWD) Upgraded by Barrington Research to “Outperform”

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Barrington Research upgraded shares of Woodward, Inc.Common Stock (NASDAQ:WWD) from a market perform rating to an outperform rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have $98.00 target price on the technology company’s stock.

A number of other equities analysts have also issued reports on WWD. ValuEngine upgraded shares of Woodward, Inc.Common Stock from a hold rating to a buy rating in a research report on Thursday, July 12th. BidaskClub upgraded shares of Woodward, Inc.Common Stock from a buy rating to a strong-buy rating in a research report on Saturday, July 21st. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a sell rating to a hold rating and set a $91.00 target price on the stock in a research report on Monday, July 23rd. Wood & Company reiterated a hold rating on shares of Woodward, Inc.Common Stock in a research report on Monday, July 30th. Finally, Credit Suisse Group upped their target price on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the stock a neutral rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Woodward, Inc.Common Stock currently has an average rating of Hold and an average price target of $85.86.

NASDAQ:WWD traded down $1.21 on Friday, reaching $82.69. The stock had a trading volume of 329,882 shares, compared to its average volume of 295,869. The firm has a market cap of $4.85 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32. Woodward, Inc.Common Stock has a 1-year low of $68.56 and a 1-year high of $89.30. The company has a quick ratio of 1.01, a current ratio of 2.11 and a debt-to-equity ratio of 0.83.

Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.08. The firm had revenue of $719.40 million for the quarter, compared to analyst estimates of $689.01 million. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 17.08%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. On average, research analysts expect that Woodward, Inc.Common Stock will post 4.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 9th. Woodward, Inc.Common Stock’s dividend payout ratio is presently 14.81%.

In related news, CFO Robert F. Weber, Jr. sold 9,135 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $80.09, for a total value of $731,622.15. Following the transaction, the chief financial officer now directly owns 35,688 shares in the company, valued at $2,858,251.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Weber, Jr. sold 10,865 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $79.14, for a total transaction of $859,856.10. Following the completion of the transaction, the chief financial officer now owns 35,688 shares in the company, valued at $2,824,348.32. The disclosure for this sale can be found here. Insiders have sold 29,800 shares of company stock worth $2,377,942 over the last quarter. 6.17% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Woodward, Inc.Common Stock by 2.4% in the first quarter. Principal Financial Group Inc. now owns 241,831 shares of the technology company’s stock valued at $17,329,000 after buying an additional 5,609 shares during the period. Voya Investment Management LLC lifted its holdings in Woodward, Inc.Common Stock by 11.6% in the second quarter. Voya Investment Management LLC now owns 918,121 shares of the technology company’s stock valued at $70,566,000 after buying an additional 95,756 shares during the period. BlackRock Inc. lifted its holdings in Woodward, Inc.Common Stock by 4.1% in the second quarter. BlackRock Inc. now owns 5,977,566 shares of the technology company’s stock valued at $459,435,000 after buying an additional 236,693 shares during the period. Adalta Capital Management LLC lifted its holdings in Woodward, Inc.Common Stock by 2.1% in the second quarter. Adalta Capital Management LLC now owns 77,425 shares of the technology company’s stock valued at $5,951,000 after buying an additional 1,600 shares during the period. Finally, GWM Advisors LLC acquired a new position in Woodward, Inc.Common Stock in the third quarter valued at approximately $1,584,000. Institutional investors and hedge funds own 73.62% of the company’s stock.

Woodward, Inc.Common Stock Company Profile

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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Analyst Recommendations for Woodward, Inc.Common Stock (NASDAQ:WWD)

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