Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Woodward, Inc.Common Stock from a hold rating to a buy rating and set a $115.00 price objective on the stock in a research report on Friday, May 3rd. Wood & Company reissued a hold rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, May 7th. ValuEngine cut Woodward, Inc.Common Stock from a buy rating to a hold rating in a research report on Thursday, August 1st. Barrington Research set a $110.00 price target on Woodward, Inc.Common Stock and gave the stock a buy rating in a research report on Tuesday, April 23rd. Finally, SunTrust Banks reissued a hold rating and issued a $110.00 price target (down from $118.00) on shares of Woodward, Inc.Common Stock in a research report on Friday, June 14th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Woodward, Inc.Common Stock has a consensus rating of Hold and an average target price of $103.40.
Woodward, Inc.Common Stock stock opened at $106.44 on Thursday. The stock’s 50 day simple moving average is $112.76 and its two-hundred day simple moving average is $104.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.65 and a beta of 1.34. Woodward, Inc.Common Stock has a fifty-two week low of $68.40 and a fifty-two week high of $119.20.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be given a $0.162 dividend. The ex-dividend date is Monday, August 19th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.61%. Woodward, Inc.Common Stock’s dividend payout ratio is currently 16.88%.
In related news, VP Christopher Fawzy sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $113.50, for a total value of $964,750.00. Following the completion of the transaction, the vice president now directly owns 12,006 shares in the company, valued at approximately $1,362,681. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary L. Petrovich sold 3,577 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $107.23, for a total transaction of $383,561.71. Following the completion of the transaction, the director now owns 6,015 shares of the company’s stock, valued at $644,988.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,777 shares of company stock worth $2,098,712. Insiders own 4.61% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Motco purchased a new position in Woodward, Inc.Common Stock in the 2nd quarter worth approximately $39,000. Quadrant Capital Group LLC raised its holdings in Woodward, Inc.Common Stock by 774.2% in the 1st quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock worth $50,000 after acquiring an additional 480 shares during the last quarter. Pearl River Capital LLC purchased a new position in Woodward, Inc.Common Stock in the 1st quarter worth approximately $66,000. FNY Investment Advisers LLC purchased a new position in Woodward, Inc.Common Stock in the 2nd quarter worth approximately $80,000. Finally, HM Payson & Co. purchased a new position in Woodward, Inc.Common Stock in the 2nd quarter worth approximately $91,000. Institutional investors own 75.18% 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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