Woodward (NASDAQ:WWD) Price Target Raised to $404.00

Woodward (NASDAQ:WWDFree Report) had its target price lifted by Truist Financial from $366.00 to $404.00 in a research report sent to investors on Tuesday, MarketBeat reports. Truist Financial currently has a buy rating on the technology company’s stock.

WWD has been the subject of a number of other reports. Zacks Research raised Woodward from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Jefferies Financial Group lifted their price objective on Woodward from $350.00 to $375.00 and gave the company a “buy” rating in a report on Friday, January 16th. Weiss Ratings restated a “buy (b)” rating on shares of Woodward in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Woodward from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Finally, Melius Research raised shares of Woodward from a “hold” rating to a “buy” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and a consensus target price of $342.80.

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Woodward Trading Up 0.9%

Shares of Woodward stock opened at $376.81 on Tuesday. Woodward has a 52-week low of $146.82 and a 52-week high of $384.66. The firm has a market capitalization of $22.61 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 2.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.05 and a quick ratio of 1.36. The company’s fifty day moving average price is $316.84 and its two-hundred day moving average price is $275.82.

Woodward (NASDAQ:WWDGet Free Report) last issued its earnings results on Monday, February 2nd. The technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.52. The business had revenue of $996.45 million for the quarter, compared to analyst estimates of $901.92 million. Woodward had a net margin of 12.89% and a return on equity of 19.07%. The firm’s revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.35 EPS. Woodward has set its FY 2026 guidance at 8.200-8.600 EPS. On average, analysts expect that Woodward will post 6.15 EPS for the current year.

Woodward Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.3%. This is an increase from Woodward’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, February 19th. Woodward’s payout ratio is currently 14.11%.

Woodward declared that its Board of Directors has approved a share buyback plan on Thursday, November 20th that permits the company to repurchase $1.80 billion in outstanding shares. This repurchase authorization permits the technology company to purchase up to 11.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Woodward

In related news, COO Thomas G. Cromwell sold 5,000 shares of Woodward stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $297.88, for a total value of $1,489,400.00. Following the completion of the sale, the chief operating officer directly owned 15,135 shares in the company, valued at $4,508,413.80. This trade represents a 24.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Cohn sold 2,250 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $369.62, for a total transaction of $831,645.00. Following the transaction, the director owned 21,575 shares in the company, valued at approximately $7,974,551.50. The trade was a 9.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,250 shares of company stock worth $12,739,855 over the last 90 days. 0.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Woodward

Several institutional investors have recently modified their holdings of WWD. Ameriflex Group Inc. bought a new position in shares of Woodward in the 3rd quarter worth $26,000. Root Financial Partners LLC bought a new position in Woodward during the third quarter worth about $27,000. SJS Investment Consulting Inc. grew its position in shares of Woodward by 1,766.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 112 shares of the technology company’s stock worth $28,000 after buying an additional 106 shares during the period. Financial Perspectives Inc bought a new stake in shares of Woodward in the 3rd quarter valued at about $30,000. Finally, Kilter Group LLC acquired a new stake in shares of Woodward in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

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Woodward Company Profile

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Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.

Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.

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Analyst Recommendations for Woodward (NASDAQ:WWD)

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