Truist Financial Raises Woodward (NASDAQ:WWD) Price Target to $229.00

Woodward (NASDAQ:WWD) had its price target hoisted by Truist Financial from $226.00 to $229.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial’s price target suggests a potential upside of 24.69% from the company’s current price.

WWD has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. UBS Group increased their target price on Woodward from $209.00 to $228.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company decreased their price objective on shares of Woodward from $197.00 to $193.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Finally, Barclays raised their target price on shares of Woodward from $175.00 to $200.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

Woodward Stock Down 0.2 %

Shares of NASDAQ WWD opened at $183.66 on Tuesday. Woodward has a 52-week low of $133.56 and a 52-week high of $201.64. The stock has a market cap of $10.86 billion, a PE ratio of 30.56, a PEG ratio of 1.85 and a beta of 1.39. The business has a fifty day moving average of $175.52 and a two-hundred day moving average of $169.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.23 and a current ratio of 1.89.

Woodward (NASDAQ:WWD) last posted its earnings results on Monday, November 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.19. The company had revenue of $855.00 million during the quarter, compared to analysts’ expectations of $810.39 million. Woodward had a net margin of 11.22% and a return on equity of 17.13%. Woodward’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. As a group, equities research analysts expect that Woodward will post 5.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Woodward news, Director John D. Cohn sold 2,400 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $179.57, for a total value of $430,968.00. Following the transaction, the director now directly owns 20,963 shares of the company’s stock, valued at $3,764,325.91. This represents a 10.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas G. Cromwell sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $181.85, for a total value of $1,818,500.00. Following the transaction, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,093,275.35. This trade represents a 46.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,313 shares of company stock worth $10,752,072. Corporate insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On Woodward

Several institutional investors and hedge funds have recently modified their holdings of WWD. True Wealth Design LLC acquired a new position in shares of Woodward during the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC acquired a new position in Woodward during the third quarter valued at approximately $31,000. Capital Performance Advisors LLP bought a new stake in Woodward during the third quarter worth $41,000. UMB Bank n.a. boosted its stake in 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 buying an additional 124 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Woodward in the 3rd quarter valued at approximately $69,000. 81.18% of the stock is currently owned by institutional investors and hedge funds.

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.