Woodward (NASDAQ:WWD) Earns Buy Rating from Truist Financial

Woodward (NASDAQ:WWD)‘s stock had its “buy” rating restated by equities research analysts at Truist Financial in a report released on Tuesday,Benzinga reports. They currently have a $226.00 price target on the technology company’s stock, up from their prior price target of $187.00. Truist Financial’s price target indicates a potential upside of 26.22% from the stock’s previous close.

A number of other brokerages have also issued reports on WWD. StockNews.com lowered Woodward from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group decreased their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and set a $160.00 target price (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Finally, Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and boosted their price target for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $184.67.

Woodward Stock Down 4.4 %

NASDAQ:WWD opened at $179.05 on Tuesday. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. Woodward has a twelve month low of $129.46 and a twelve month high of $201.64. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $168.59 and a 200-day simple moving average of $170.94.

Insiders Place Their Bets

In other news, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the sale, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,044,929.15. This trade represents a 46.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WWD. True Wealth Design LLC purchased a new stake in shares of Woodward during the third quarter worth $28,000. Wolff Wiese Magana LLC acquired a new stake in Woodward in the 3rd quarter valued at about $31,000. AlphaCentric Advisors LLC acquired a new position in shares of Woodward during the 2nd quarter worth approximately $37,000. Capital Performance Advisors LLP purchased a new stake in shares of Woodward in the third quarter valued at approximately $41,000. Finally, UMB Bank n.a. increased its holdings in shares of Woodward by 101.6% in the third quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after purchasing an additional 124 shares during the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Company Profile

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.