Woodward, Inc.Common Stock (NASDAQ:WWD) Upgraded to “Sell” by BidaskClub

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Woodward, Inc.Common Stock (NASDAQ:WWD) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and upped their price objective for the stock from $108.00 to $135.00 in a research note on Wednesday, December 4th. Credit Suisse Group decreased their price objective on shares of Woodward, Inc.Common Stock from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research note on Thursday, March 5th. Finally, ValuEngine raised shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $124.60.

NASDAQ:WWD opened at $70.56 on Friday. The firm’s 50-day moving average is $97.75 and its 200-day moving average is $110.05. Woodward, Inc.Common Stock has a 52-week low of $46.51 and a 52-week high of $129.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.68. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.81 and a beta of 1.29.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its earnings results on Monday, February 3rd. The technology company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.07. The business had revenue of $720.00 million for the quarter, compared to analysts’ expectations of $672.12 million. Woodward, Inc.Common Stock had a net margin of 8.89% and a return on equity of 18.72%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities analysts predict that Woodward, Inc.Common Stock will post 5.12 EPS for the current year.

In other news, CEO Thomas A. Gendron sold 3,500 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $118.80, for a total transaction of $415,800.00. Following the completion of the sale, the chief executive officer now owns 3,500 shares of the company’s stock, valued at $415,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.20% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC bought a new position in Woodward, Inc.Common Stock in the third quarter valued at $784,000. Resources Management Corp CT ADV bought a new position in Woodward, Inc.Common Stock in the third quarter valued at $216,000. FMR LLC grew its position in Woodward, Inc.Common Stock by 21.2% in the fourth quarter. FMR LLC now owns 1,252,537 shares of the technology company’s stock valued at $148,350,000 after purchasing an additional 218,678 shares in the last quarter. Pinebridge Investments L.P. bought a new position in Woodward, Inc.Common Stock in the fourth quarter valued at $7,333,000. Finally, Stifel Financial Corp grew its position in Woodward, Inc.Common Stock by 8.7% in the third quarter. Stifel Financial Corp now owns 10,185 shares of the technology company’s stock valued at $1,090,000 after purchasing an additional 811 shares in the last quarter. 76.73% of the stock is owned by institutional investors and hedge funds.

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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