Woodward (NASDAQ:WWD) PT Raised to $175.00 at Barclays

Woodward (NASDAQ:WWD) had its price target lifted by Barclays from $140.00 to $175.00 in a report published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the technology company’s stock.

A number of other brokerages have also commented on WWD. Alembic Global Advisors lowered Woodward from an overweight rating to a neutral rating and set a $148.00 price target on the stock. in a report on Thursday, February 1st. Wells Fargo & Company boosted their price objective on shares of Woodward from $156.00 to $172.00 and gave the stock an equal weight rating in a research report on Tuesday, April 30th. The Goldman Sachs Group lifted their price target on shares of Woodward from $159.00 to $201.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Truist Financial lifted their target price on Woodward from $143.00 to $152.00 and gave the company a hold rating in a research report on Tuesday, April 30th. Finally, UBS Group raised their price target on Woodward from $168.00 to $177.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $173.13.

Woodward Stock Performance

WWD stock opened at $178.14 on Monday. Woodward has a 1-year low of $105.18 and a 1-year high of $179.73. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28. The firm has a market cap of $10.85 billion, a PE ratio of 31.14, a P/E/G ratio of 1.80 and a beta of 1.31. The business’s 50-day moving average price is $152.45 and its two-hundred day moving average price is $140.70.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, April 29th. The technology company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.34. Woodward had a return on equity of 16.50% and a net margin of 11.09%. The business had revenue of $835.34 million for the quarter, compared to analysts’ expectations of $807.04 million. During the same quarter in the previous year, the business posted $1.01 EPS. Woodward’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, research analysts forecast that Woodward will post 5.88 earnings per share for the current year.

Woodward Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Tuesday, May 21st. Woodward’s payout ratio is 17.48%.

Insider Transactions at Woodward

In other Woodward news, Director Gregg C. Sengstack sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the transaction, the director now owns 17,450 shares in the company, valued at approximately $2,914,324.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Thomas G. Cromwell sold 38,700 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $141.98, for a total value of $5,494,626.00. Following the completion of the transaction, the chief operating officer now owns 11,833 shares of the company’s stock, valued at $1,680,049.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gregg C. Sengstack sold 6,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the sale, the director now owns 17,450 shares in the company, valued at $2,914,324.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,200 shares of company stock valued at $8,244,976. 1.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Woodward

A number of institutional investors and hedge funds have recently made changes to their positions in WWD. Venturi Wealth Management LLC raised its stake in Woodward by 79.3% during the fourth quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock worth $27,000 after acquiring an additional 88 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Woodward during the 1st quarter worth approximately $31,000. BluePath Capital Management LLC bought a new position in Woodward in the 3rd quarter valued at approximately $32,000. Principal Securities Inc. acquired a new stake in Woodward in the fourth quarter valued at approximately $34,000. Finally, Mather Group LLC. bought a new stake in shares of Woodward during the first quarter worth $34,000. Institutional investors own 81.18% of the company’s stock.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in 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.