Woodward, Inc.Common Stock (WWD) Raised to “Outperform” at Barrington Research

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

Several other brokerages also recently issued reports on WWD. Wood & Company reissued a hold rating on shares of Woodward, Inc.Common Stock in a research report on Thursday. Credit Suisse Group increased their price objective 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. BidaskClub raised shares of Woodward, Inc.Common Stock from a hold rating to a buy rating in a research report on Wednesday. Zacks Investment Research raised shares of Woodward, Inc.Common Stock from a sell rating to a hold rating in a research report on Friday, October 5th. Finally, ValuEngine downgraded shares of Woodward, Inc.Common Stock from a buy rating to a hold rating in a research report on Friday, August 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Woodward, Inc.Common Stock currently has an average rating of Hold and a consensus target price of $85.86.

NASDAQ:WWD traded down $1.21 during trading hours on Friday, hitting $82.69. The stock had a trading volume of 329,882 shares, compared to its average volume of 295,869. Woodward, Inc.Common Stock has a one year low of $68.56 and a one year high of $89.30. 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 capitalization of $4.85 billion, a PE ratio of 21.48, a PEG ratio of 1.42 and a beta of 1.32.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Wednesday, November 7th. The technology company reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.08. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 17.08%. The firm had revenue of $719.40 million during the quarter, compared to the consensus estimate of $689.01 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 18.6% on a year-over-year basis. On average, sell-side analysts forecast that Woodward, Inc.Common Stock will post 4.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be given a $0.1425 dividend. The ex-dividend date is Friday, November 9th. This represents a $0.57 dividend on an annualized basis and a yield of 0.69%. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 14.81%.

In related news, VP Christopher Fawzy sold 6,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $80.55, for a total value of $483,300.00. Following the completion of the transaction, the vice president now owns 9,506 shares of the company’s stock, valued at $765,708.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mary L. Petrovich sold 3,800 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $79.78, for a total transaction of $303,164.00. Following the completion of the transaction, the director now directly owns 25,326 shares of the company’s stock, valued at approximately $2,020,508.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,800 shares of company stock valued at $2,377,942. 6.17% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Woodward, Inc.Common Stock by 2.2% in the third quarter. BlackRock Inc. now owns 6,107,387 shares of the technology company’s stock valued at $493,844,000 after purchasing an additional 129,821 shares in the last quarter. Northern Trust Corp lifted its stake in Woodward, Inc.Common Stock by 2.1% in the second quarter. Northern Trust Corp now owns 1,089,483 shares of the technology company’s stock valued at $83,738,000 after acquiring an additional 22,106 shares during the last quarter. Brown Advisory Inc. lifted its stake in Woodward, Inc.Common Stock by 3.2% in the second quarter. Brown Advisory Inc. now owns 1,022,836 shares of the technology company’s stock valued at $78,614,000 after acquiring an additional 31,352 shares during the last quarter. Voya Investment Management LLC lifted its stake 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 acquiring an additional 95,756 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Woodward, Inc.Common Stock by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 642,614 shares of the technology company’s stock valued at $51,962,000 after acquiring an additional 2,120 shares during the last quarter. 73.62% of the stock is owned by institutional investors and hedge funds.

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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