Woodward (NASDAQ:WWD) Given New $380.00 Price Target at TD Cowen

Woodward (NASDAQ:WWD) had its price objective dropped by stock analysts at TD Cowen from $420.00 to $380.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective points to a potential upside of 14.76% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Truist Financial increased their target price on Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Wells Fargo & Company decreased their price objective on shares of Woodward from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Wednesday, September 30th. Finally, Guggenheim began coverage on Woodward in a research report on Monday, September 14th. They issued a “buy” rating and a $404.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Woodward has a consensus rating of “Moderate Buy” and a consensus target price of $418.36.

Woodward Trading Up 2.4%

WWD traded up $7.67 during midday trading on Friday, reaching $331.12. 110,776 shares of the company’s stock traded hands, compared to its average volume of 708,145. Woodward has a 52 week low of $244.69 and a 52 week high of $450.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. The firm has a fifty day moving average of $341.80 and a two-hundred day moving average of $369.23. The stock has a market capitalization of $19.55 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 1.74 and a beta of 0.86.

Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%.The business’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 earnings per share. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, equities analysts anticipate that Woodward will post 9.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Woodward news, EVP Shawn McLevige sold 2,150 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the completion of the transaction, the executive vice president directly owned 3,098 shares in the company, valued at $1,105,428.36. This represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of Woodward

Several institutional investors have recently made changes to their positions in the business. Accel Wealth Management raised its holdings in shares of Woodward by 3.2% in the second quarter. Accel Wealth Management now owns 963 shares of the technology company’s stock worth $410,000 after buying an additional 30 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Woodward by 1.5% during the first quarter. NewEdge Advisors LLC now owns 2,059 shares of the technology company’s stock worth $737,000 after buying an additional 31 shares during the period. Bessemer Group Inc. grew its holdings in shares of Woodward by 3.1% during the first quarter. Bessemer Group Inc. now owns 1,116 shares of the technology company’s stock valued at $399,000 after buying an additional 34 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Woodward by 3.9% during the third quarter. Versant Capital Management Inc now owns 927 shares of the technology company’s stock valued at $305,000 after buying an additional 35 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its position in shares of Woodward by 5.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 758 shares of the technology company’s stock valued at $271,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 81.18% of the company’s stock.

About Woodward

Woodward, Inc is a designer, manufacturer and service provider of control systems and components for the aerospace and energy industries. The company develops technologies that help regulate the flow of fuel, air and power in aircraft engines, industrial engines and other energy systems.

Woodward’s aerospace products include engine controls, fuel metering systems, actuation systems, air-management components and electric power systems used in commercial aircraft, business jets, military aircraft and other aerospace applications.