Woodward, Inc. (NASDAQ:WWD) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $74.00.

A number of analysts recently weighed in on the stock. Wood & Company lowered shares of Woodward from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating and issued a $82.00 price objective on shares of Woodward in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Woodward from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. BidaskClub lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, CIBC assumed coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective for the company.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a $0.125 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.50 dividend on an annualized basis and a yield of 0.65%. Woodward’s dividend payout ratio is presently 15.77%.

In other news, Director John A. Halbrook sold 8,700 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total transaction of $609,174.00. Following the transaction, the director now owns 350,521 shares in the company, valued at $24,543,480.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Halbrook sold 1,800 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $70.60, for a total transaction of $127,080.00. Following the transaction, the director now owns 345,721 shares in the company, valued at approximately $24,407,902.60. The disclosure for this sale can be found here. Insiders sold 16,200 shares of company stock valued at $1,138,389 over the last quarter. 5.93% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of WWD. Advisor Group Inc. increased its holdings in shares of Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after acquiring an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after acquiring an additional 171 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Woodward during the second quarter valued at about $213,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Woodward by 66.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,266 shares in the last quarter. Hedge funds and other institutional investors own 71.29% of the company’s stock.

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About Woodward

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.

Analyst Recommendations for Woodward (NASDAQ:WWD)

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