Credit Suisse Group Increases Woodward, Inc.Common Stock (WWD) Price Target to $81.00

Woodward, Inc.Common Stock (NASDAQ:WWD) had its target price lifted by stock analysts at Credit Suisse Group from $78.00 to $81.00 in a report issued on Thursday. The brokerage presently has a “neutral” rating on the technology company’s stock. Credit Suisse Group’s price target indicates a potential downside of 2.04% from the stock’s current price.

Other analysts have also recently issued reports about the company. BidaskClub cut Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 4th. Barrington Research reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Friday, July 13th. Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, July 30th. ValuEngine upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research upgraded 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. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $85.86.

Shares of Woodward, Inc.Common Stock stock opened at $82.69 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 2.11. The company has a market cap of $4.82 billion, a PE ratio of 21.48, a P/E/G ratio of 1.40 and a beta of 1.32. Woodward, Inc.Common Stock has a twelve month low of $68.56 and a twelve month high of $89.30.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $719.40 million for the quarter, compared to analysts’ expectations of $689.01 million. Woodward, Inc.Common Stock had a return on equity of 15.40% and a net margin of 7.59%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. As a group, research analysts expect that Woodward, Inc.Common Stock will post 4.5 EPS for the current year.

In related news, CFO Robert F. Weber, Jr. sold 10,865 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $79.14, for a total value of $859,856.10. Following the sale, the chief financial officer now directly owns 35,688 shares in the company, valued at approximately $2,824,348.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary L. Petrovich sold 3,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $79.78, for a total value of $303,164.00. Following the completion of the sale, the director now owns 25,326 shares in the company, valued at $2,020,508.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,800 shares of company stock worth $2,377,942. 6.17% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First National Bank of Hutchinson boosted its stake in Woodward, Inc.Common Stock by 9.0% during the 3rd quarter. First National Bank of Hutchinson now owns 8,858 shares of the technology company’s stock valued at $716,000 after purchasing an additional 732 shares in the last quarter. GAM Holding AG boosted its stake in Woodward, Inc.Common Stock by 24.0% during the 2nd quarter. GAM Holding AG now owns 3,851 shares of the technology company’s stock valued at $296,000 after purchasing an additional 746 shares in the last quarter. Pendal Group Ltd boosted its stake in Woodward, Inc.Common Stock by 3.9% during the 2nd quarter. Pendal Group Ltd now owns 25,163 shares of the technology company’s stock valued at $1,934,000 after purchasing an additional 941 shares in the last quarter. Arizona State Retirement System boosted its stake in Woodward, Inc.Common Stock by 2.6% during the 3rd quarter. Arizona State Retirement System now owns 39,424 shares of the technology company’s stock valued at $3,188,000 after purchasing an additional 983 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its stake in Woodward, Inc.Common Stock by 14.3% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 8,000 shares of the technology company’s stock valued at $615,000 after purchasing an additional 1,000 shares in the last quarter. 73.62% of the stock is owned by hedge funds and other institutional investors.

About Woodward, Inc.Common Stock

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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