Woodward Inc (WWD) Receives $77.33 Average Target Price from Analysts
Woodward Inc (NASDAQ:WWD) has been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $77.33.
A number of brokerages have recently weighed in on WWD. Zacks Investment Research upgraded Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Saturday, January 13th. BidaskClub upgraded Woodward from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Cowen restated a “hold” rating and set a $62.00 price objective on shares of Woodward in a research report on Thursday, November 9th. Wood & Company restated a “hold” rating on shares of Woodward in a research report on Tuesday, January 23rd. Finally, Oppenheimer restated a “market perform” rating and set a $82.00 price objective on shares of Woodward in a research report on Thursday, October 26th.
Shares of Woodward (WWD) traded down $0.29 during midday trading on Friday, hitting $71.33. The stock had a trading volume of 1,386,700 shares, compared to its average volume of 1,000,110. Woodward has a 1-year low of $65.22 and a 1-year high of $89.30. The company has a quick ratio of 1.35, a current ratio of 2.77 and a debt-to-equity ratio of 0.42. The company has a market cap of $4,388.34, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.57 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Woodward’s previous quarterly dividend of $0.13. Woodward’s payout ratio is currently 18.38%.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its position in Woodward by 9.8% during the 2nd 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. Public Employees Retirement System of Ohio lifted its holdings in shares of Woodward by 5.8% in 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 buying an additional 171 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Woodward by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 119,904 shares of the technology company’s stock valued at $8,102,000 after buying an additional 776 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Woodward by 0.9% in the second quarter. New York State Common Retirement Fund now owns 87,901 shares of the technology company’s stock valued at $5,940,000 after buying an additional 799 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Woodward by 4.6% in the fourth quarter. US Bancorp DE now owns 19,405 shares of the technology company’s stock valued at $1,485,000 after buying an additional 857 shares during the period. Institutional investors and hedge funds own 71.49% of the company’s stock.
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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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