Barrington Research Analysts Give Woodward, Inc.Common Stock (WWD) a $110.00 Price Target

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Woodward, Inc.Common Stock (NASDAQ:WWD) received a $110.00 price target from equities research analysts at Barrington Research in a report issued on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the technology company’s stock. Barrington Research’s price target suggests a potential upside of 5.97% from the company’s previous close.

Several other analysts also recently issued reports on WWD. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Saturday, January 12th. BidaskClub raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. ValuEngine raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, SunTrust Banks upped their price target on Woodward, Inc.Common Stock to $97.00 and gave the company a “buy” rating in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $99.40.

Shares of NASDAQ:WWD traded up $2.46 during midday trading on Tuesday, hitting $103.81. The stock had a trading volume of 511,778 shares, compared to its average volume of 391,371. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.70 and a beta of 1.46. The company has a quick ratio of 1.05, a current ratio of 1.96 and a debt-to-equity ratio of 0.63. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $101.51.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, January 28th. The technology company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.22. The business had revenue of $652.80 million for the quarter, compared to the consensus estimate of $583.12 million. Woodward, Inc.Common Stock had a net margin of 8.42% and a return on equity of 18.03%. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, research analysts forecast that Woodward, Inc.Common Stock will post 4.62 EPS for the current year.

In related news, CEO Thomas A. Gendron sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the transaction, the chief executive officer now directly owns 227,390 shares in the company, valued at approximately $19,328,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad Robert Preiss sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $89.77, for a total value of $1,256,780.00. The disclosure for this sale can be found here. Insiders sold a total of 278,310 shares of company stock valued at $25,887,325 over the last quarter. 4.61% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of WWD. Private Capital Group LLC boosted its position in Woodward, Inc.Common Stock by 437.6% during the 4th quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock worth $37,000 after acquiring an additional 407 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new position in Woodward, Inc.Common Stock during the 4th quarter worth approximately $59,000. Quantamental Technologies LLC acquired a new position in Woodward, Inc.Common Stock during the 4th quarter worth approximately $80,000. Meeder Asset Management Inc. acquired a new position in Woodward, Inc.Common Stock during the 1st quarter worth approximately $94,000. Finally, Advisory Services Network LLC boosted its position in Woodward, Inc.Common Stock by 564.4% during the 4th quarter. Advisory Services Network LLC now owns 2,465 shares of the technology company’s stock worth $183,000 after acquiring an additional 2,094 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

About Woodward, Inc.Common Stock

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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