Woodward Inc (WWD) Given Average Recommendation of “Hold” by Analysts
Woodward Inc (NASDAQ:WWD) has been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $79.14.
A number of analysts recently weighed in on WWD shares. SunTrust Banks increased their price objective on shares of Woodward to $77.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. BidaskClub lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Oppenheimer reissued a “market perform” rating and issued a $82.00 price objective on shares of Woodward in a research report on Thursday, October 26th. Cowen reissued a “hold” rating and issued a $62.00 price objective on shares of Woodward in a research report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th.
Shares of Woodward (WWD) opened at $83.41 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. The stock has a market cap of $5,110.00, a PE ratio of 26.40, a PEG ratio of 2.02 and a beta of 1.24. Woodward has a 1 year low of $65.22 and a 1 year high of $84.23.
In other news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the transaction, the director now directly owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.17% of the company’s stock.
Large investors have recently modified their holdings of the company. Advisor Group Inc. increased its position 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 worth $112,000 after acquiring an additional 147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $148,000 after acquiring an additional 190 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of Woodward during the third quarter worth approximately $203,000. CAPROCK Group Inc. purchased a new position in shares of Woodward during the third quarter worth approximately $222,000. Finally, Public Employees Retirement System of Ohio increased its position 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 worth $211,000 after acquiring an additional 171 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.
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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