Several other research firms have also recently issued reports on WWD. BidaskClub upgraded Woodward, Inc.Common Stock from a sell rating to a hold rating in a report on Friday, November 15th. Wood & Company reiterated a sell rating on shares of Woodward, Inc.Common Stock in a research note on Monday, August 26th. Finally, Barrington Research set a $119.00 target price on Woodward, Inc.Common Stock and gave the company a buy rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Woodward, Inc.Common Stock has a consensus rating of Hold and an average price target of $106.75.
Shares of WWD traded down $4.31 on Tuesday, hitting $111.37. 44,928 shares of the stock traded hands, compared to its average volume of 215,413. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $7.10 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.62 and a beta of 1.30. The stock’s 50 day moving average is $108.47 and its two-hundred day moving average is $110.00. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $119.20.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.162 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 annualized dividend and a dividend yield of 0.58%. Woodward, Inc.Common Stock’s dividend payout ratio is presently 13.32%.
In related news, CFO Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $108.32, for a total value of $1,083,200.00. Following the completion of the sale, the chief financial officer now directly owns 36,553 shares in the company, valued at $3,959,420.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.61% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in Woodward, Inc.Common Stock by 257.5% in the second quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock valued at $117,020,000 after buying an additional 744,802 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Woodward, Inc.Common Stock by 793.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock valued at $85,268,000 after acquiring an additional 669,635 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at $55,453,000. Nuveen Asset Management LLC acquired a new position in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at $51,503,000. Finally, Morgan Stanley boosted its position in Woodward, Inc.Common Stock by 349.0% during the 2nd quarter. Morgan Stanley now owns 410,813 shares of the technology company’s stock worth $46,487,000 after purchasing an additional 319,326 shares during the period. 75.37% of the stock is currently owned by institutional investors and hedge funds.
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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