Several other equities research analysts also recently weighed in on the stock. Jefferies Financial Group reissued a hold rating and issued a $90.00 target price on shares of Woodward in a research report on Wednesday, September 14th. Barclays dropped their target price on shares of Woodward from $110.00 to $107.00 and set an equal weight rating for the company in a research report on Monday. Truist Financial boosted their target price on shares of Woodward from $80.00 to $88.00 in a research report on Friday, November 18th. Wolfe Research initiated coverage on shares of Woodward in a research report on Monday, October 10th. They issued an outperform rating and a $100.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Woodward from $100.00 to $106.00 and gave the stock an equal weight rating in a research report on Friday, November 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $105.86.
Woodward Stock Performance
Shares of WWD stock opened at $98.35 on Monday. Woodward has a 12 month low of $79.26 and a 12 month high of $129.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.43 and a quick ratio of 1.48. The firm has a market capitalization of $5.88 billion, a P/E ratio of 36.03, a P/E/G ratio of 2.13 and a beta of 1.50. The company’s fifty day moving average price is $89.77 and its two-hundred day moving average price is $94.14.
Woodward Dividend Announcement
Insider Activity at Woodward
In other news, CEO Charles P. Blankenship bought 500 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was purchased at an average price of $95.85 per share, for a total transaction of $47,925.00. Following the transaction, the chief executive officer now owns 38,100 shares in the company, valued at $3,651,885. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director David P. Hess purchased 11,000 shares of Woodward stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of $93.93 per share, with a total value of $1,033,230.00. Following the purchase, the director now owns 15,400 shares in the company, valued at approximately $1,446,522. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles P. Blankenship purchased 500 shares of Woodward stock in a transaction dated Monday, August 29th. The stock was bought at an average cost of $95.85 per share, with a total value of $47,925.00. Following the completion of the purchase, the chief executive officer now owns 38,100 shares in the company, valued at approximately $3,651,885. The disclosure for this purchase can be found here. Insiders acquired a total of 12,000 shares of company stock valued at $1,127,640 in the last quarter. Insiders own 3.90% of the company’s stock.
Institutional Trading of Woodward
A number of institutional investors have recently made changes to their positions in the stock. Strs Ohio lifted its stake in Woodward by 88.2% during the second quarter. Strs Ohio now owns 15,043 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 7,049 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Woodward during the first quarter valued at approximately $761,000. US Bancorp DE raised its holdings in shares of Woodward by 1.7% during the second quarter. US Bancorp DE now owns 24,942 shares of the technology company’s stock valued at $2,307,000 after acquiring an additional 410 shares during the period. Sepio Capital LP raised its holdings in shares of Woodward by 3.7% during the second quarter. Sepio Capital LP now owns 5,527 shares of the technology company’s stock valued at $511,000 after acquiring an additional 196 shares during the period. Finally, IRON Financial LLC acquired a new stake in shares of Woodward during the first quarter valued at approximately $238,000. 84.00% of the stock is owned by institutional investors and hedge funds.
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through two segments: Aerospace and Industrial. The 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.
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