Woodward, Inc. (WWD) Downgraded to “Sell” at BidaskClub
Woodward, Inc. (NASDAQ:WWD) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
Several other research firms have also recently commented on WWD. Wood & Company started coverage on shares of Woodward in a research note on Thursday, July 13th. They set an “outperform” rating and a $82.00 target price on the stock. CIBC started coverage on shares of Woodward in a research note on Friday, July 14th. They set an “outperform” rating and a $82.00 target price on the stock. Stephens started coverage on shares of Woodward in a research note on Thursday, April 13th. They set an “overweight” rating and a $82.00 target price on the stock. Cowen and Company reissued a “market perform” rating and set a $62.00 target price (up previously from $58.00) on shares of Woodward in a research note on Friday, April 21st. Finally, Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $74.11.
Woodward (NASDAQ WWD) traded up 0.48% on Monday, reaching $68.88. 404,542 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $68.67 and its 200 day moving average price is $68.63. Woodward has a 1-year low of $57.02 and a 1-year high of $72.28. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 21.99 and a beta of 1.20.
In other news, CFO Robert F. Weber, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $66.49, for a total transaction of $498,675.00. Following the completion of the transaction, the chief financial officer now owns 34,053 shares in the company, valued at approximately $2,264,183.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary L. Petrovich acquired 7,300 shares of Woodward stock in a transaction dated Thursday, April 27th. The shares were acquired at an average price of $68.35 per share, with a total value of $498,955.00. Following the transaction, the director now owns 22,204 shares in the company, valued at approximately $1,517,643.40. The disclosure for this purchase can be found here. Company insiders own 5.93% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in Woodward during the second quarter valued at $160,000. Tyers Asset Management LLC acquired a new position in Woodward during the fourth quarter valued at $176,000. Advisors Asset Management Inc. raised its position in Woodward by 112.5% in the second quarter. Advisors Asset Management Inc. now owns 3,188 shares of the technology company’s stock valued at $184,000 after buying an additional 1,688 shares during the period. Mariner Wealth Advisors LLC acquired a new position in Woodward during the first quarter valued at $201,000. Finally, Quadrature Capital Ltd acquired a new position in Woodward during the fourth quarter valued at $204,000. Institutional investors own 71.17% of the company’s stock.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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