Shares of Woodward, Inc. (NASDAQ:WWD) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $74.75.

A number of brokerages recently issued reports on WWD. BidaskClub raised shares of Woodward from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Wood & Company reissued a “buy” rating and set a $80.00 price target on shares of Woodward in a research report on Tuesday, July 25th. CIBC began coverage on shares of Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target for the company. Finally, Oppenheimer Holdings, Inc. began coverage on shares of Woodward in a research report on Friday, July 14th. They set an “outperform” rating and a $82.00 price target for the company.

Shares of Woodward (WWD) opened at 71.33 on Wednesday. Woodward has a 52-week low of $57.09 and a 52-week high of $72.97. The company has a market capitalization of $4.37 billion, a P/E ratio of 22.43 and a beta of 1.21. The stock’s 50 day moving average is $69.49 and its 200 day moving average is $68.64.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The company had revenue of $548.62 million during the quarter, compared to analysts’ expectations of $530.89 million. During the same period last year, the company posted $0.81 EPS. Woodward’s revenue was up 8.1% on a year-over-year basis. Equities analysts expect that Woodward will post $3.10 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 0.70%. Woodward’s dividend payout ratio is currently 15.77%.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/13/woodward-inc-wwd-given-consensus-rating-of-hold-by-analysts.html.

In other Woodward news, Director John A. Halbrook sold 1,800 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $70.60, for a total transaction of $127,080.00. Following the completion of the sale, the director now directly owns 345,721 shares in the company, valued at approximately $24,407,902.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John A. Halbrook sold 8,700 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the sale, the director now owns 350,521 shares of the company’s stock, valued at $24,543,480.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,200 shares of company stock valued at $1,138,389. 5.93% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its stake in shares of Woodward by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 20,081 shares of the technology company’s stock worth $1,364,000 after acquiring an additional 300 shares during the period. Wells Fargo & Company MN grew its stake in shares of Woodward by 17.7% in the first quarter. Wells Fargo & Company MN now owns 188,499 shares of the technology company’s stock worth $12,803,000 after acquiring an additional 28,404 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Woodward by 4.0% in the first quarter. Great West Life Assurance Co. Can now owns 32,526 shares of the technology company’s stock worth $2,207,000 after acquiring an additional 1,248 shares during the period. State Treasurer State of Michigan grew its stake in shares of Woodward by 0.9% in the first quarter. State Treasurer State of Michigan now owns 22,500 shares of the technology company’s stock worth $1,528,000 after acquiring an additional 200 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Woodward by 21.7% in the first quarter. Advisors Asset Management Inc. now owns 19,478 shares of the technology company’s stock worth $1,323,000 after acquiring an additional 3,478 shares during the period. Institutional investors and hedge funds own 71.27% of the company’s stock.

About Woodward

Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.

Analyst Recommendations for Woodward (NASDAQ:WWD)

Receive News & Stock Ratings for Woodward Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc. and related stocks with our FREE daily email newsletter.