Woodward Inc. Hits New 52-Week High at $46.27 (WWD)
Shares of Woodward (NYSE:WWD) hit a new 52-week high on Friday, American Banking and Market News reports. The company traded as high as $46.27 and last traded at $45.95, with a volume of 247,176 shares trading hands. The stock had previously closed at $45.58.
A number of research firms have recently commented on WWD. Analysts at Stifel Nicolaus initiated coverage on shares of Woodward in a research note to investors on Wednesday. They set a “buy” rating and a $52.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Woodward from $47.00 to $45.00 in a research note to investors on Friday, November 15th. Finally, analysts at Zacks downgraded shares of Woodward from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 14th. They now have a $37.50 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Woodward currently has a consensus rating of “Hold” and an average price target of $44.64.
Woodward has a 52 week low of $33.49 and a 52 week high of $46.23. The stock’s 50-day moving average is $43.82 and its 200-day moving average is $41.49. The company has a market cap of $3.144 billion and a price-to-earnings ratio of 21.70.
Woodward (NYSE:WWD) last released its earnings data on Tuesday, November 12th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.06. The company had revenue of $558.40 million for the quarter, compared to the consensus estimate of $548.67 million. During the same quarter last year, the company posted $0.66 earnings per share. Woodward’s revenue was up 5.6% compared to the same quarter last year. Analysts expect that Woodward will post $2.23 EPS for the current fiscal year.
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions.
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