Woodward Reaches New 1-Year High at $51.24 (WWD)
Woodward (NYSE:WWD) hit a new 52-week high on Tuesday , ARN reports. The company traded as high as $51.24 and last traded at $50.97, with a volume of 153,374 shares changing hands. The stock had previously closed at $50.18.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Woodward from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $52.00 price target on the stock. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Woodward in a research note on Monday, June 16th. They now have a $60.00 price target on the stock, up previously from $50.00. Finally, analysts at ISI Group raised their price target on shares of Woodward to $56.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $51.50.
The stock has a 50-day moving average of $47.69 and a 200-day moving average of $44.40. The company has a market cap of $3.363 billion and a price-to-earnings ratio of 23.88.
Woodward (NYSE:WWD) last released its earnings data on Tuesday, April 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.16. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $481.86 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Woodward will post $2.31 earnings per share for the current fiscal year.
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions.
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