Woodward (NASDAQ:WWD) Price Target Raised to $128.00 at Barclays

Posted by Defense World Staff on Aug 9th, 2023

Woodward (NASDAQ:WWD – Free Report) had its price target hoisted by Barclays from $112.00 to $128.00 in a research note released on Tuesday morning, MarketBeat reports. The firm currently has an equal weight rating on the technology company’s stock.

WWD has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on Woodward from $110.00 to $128.00 and gave the company an equal weight rating in a report on Tuesday, August 1st. The Goldman Sachs Group boosted their price target on shares of Woodward from $92.00 to $103.00 and gave the company a sell rating in a research report on Friday, August 4th. Credit Suisse Group lifted their target price on shares of Woodward from $120.00 to $125.00 in a research note on Tuesday, May 2nd. Truist Financial increased their price target on Woodward from $110.00 to $124.00 and gave the stock a hold rating in a research report on Tuesday, August 1st. Finally, StockNews.com upgraded Woodward from a hold rating to a buy rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $117.78.

View Our Latest Research Report on WWD

Woodward Trading Up 0.1 %

Shares of Woodward stock opened at $127.62 on Tuesday. Woodward has a 1 year low of $79.26 and a 1 year high of $133.15. The company’s fifty day simple moving average is $117.73 and its 200-day simple moving average is $106.70. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.25 and a beta of 1.45. The company has a current ratio of 2.54, a quick ratio of 1.63 and a debt-to-equity ratio of 0.31.

Woodward (NASDAQ:WWD – Get Free Report) last posted its quarterly earnings results on Monday, July 31st. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.40. Woodward had a net margin of 7.34% and a return on equity of 11.46%. The company had revenue of $800.66 million for the quarter, compared to analyst estimates of $703.49 million. During the same period last year, the business posted $0.64 EPS. The business’s quarterly revenue was up 30.3% on a year-over-year basis. As a group, sell-side analysts expect that Woodward will post 4.19 EPS for the current year.

Woodward Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, August 11th. Woodward’s dividend payout ratio (DPR) is presently 26.51%.

Insider Buying and Selling

In related news, Director Ronald M. Sega sold 1,395 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $111.20, for a total value of $155,124.00. Following the transaction, the director now directly owns 13,689 shares in the company, valued at $1,522,216.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Ronald M. Sega sold 1,395 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $111.20, for a total value of $155,124.00. Following the completion of the sale, the director now owns 13,689 shares in the company, valued at $1,522,216.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Cohn sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $126.71, for a total value of $253,420.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $2,534,200. The disclosure for this sale can be found here. Insiders sold a total of 5,395 shares of company stock worth $632,344 over the last three months. 1.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Woodward

Several hedge funds have recently bought and sold shares of WWD. American Century Companies Inc. increased its position in shares of Woodward by 11.5% in the 1st quarter. American Century Companies Inc. now owns 6,324 shares of the technology company’s stock valued at $790,000 after buying an additional 653 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Woodward by 15.4% in the first quarter. BlackRock Inc. now owns 5,749,193 shares of the technology company’s stock worth $718,131,000 after acquiring an additional 768,984 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Woodward during the first quarter worth about $516,000. Great West Life Assurance Co. Can lifted its holdings in shares of Woodward by 7.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 34,401 shares of the technology company’s stock valued at $4,411,000 after purchasing an additional 2,520 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Woodward by 7.5% in the 1st quarter. Sei Investments Co. now owns 224,853 shares of the technology company’s stock valued at $28,088,000 after purchasing an additional 15,738 shares during the period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

Woodward Company Profile

(Get Free Report)

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