Credit Suisse Group upgraded shares of Woodward, Inc.Common Stock (NASDAQ:WWD) from a neutral rating to an outperform rating in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has $145.00 price target on the technology company’s stock, up from their previous price target of $110.00.

WWD has been the topic of several other research reports. Barrington Research downgraded Woodward, Inc.Common Stock from an outperform rating to a market perform rating in a research note on Wednesday, November 20th. BidaskClub downgraded Woodward, Inc.Common Stock from a strong-buy rating to a buy rating in a research note on Thursday, December 19th. ValuEngine raised Woodward, Inc.Common Stock from a sell rating to a hold rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group raised Woodward, Inc.Common Stock from a hold rating to a buy rating and raised their price objective for the stock from $108.00 to $135.00 in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $124.80.

WWD stock traded down $3.31 during trading on Monday, reaching $124.52. The stock had a trading volume of 269,302 shares, compared to its average volume of 305,595. Woodward, Inc.Common Stock has a 52 week low of $74.38 and a 52 week high of $129.06. The stock’s 50 day moving average is $120.09 and its two-hundred day moving average is $112.26. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The firm has a market cap of $7.56 billion, a PE ratio of 25.52, a PEG ratio of 1.71 and a beta of 1.31.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings data on Monday, November 18th. The technology company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.07). Woodward, Inc.Common Stock had a return on equity of 18.62% and a net margin of 8.95%. The company had revenue of $736.54 million during the quarter, compared to the consensus estimate of $746.21 million. During the same period last year, the business earned $1.39 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that Woodward, Inc.Common Stock will post 5.45 EPS for the current year.

In related news, CEO Thomas A. Gendron sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $116.33, for a total transaction of $407,155.00. Following the completion of the sale, the chief executive officer now directly owns 229,890 shares of the company’s stock, valued at approximately $26,743,103.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas A. Gendron sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $112.50, for a total value of $112,500.00. Following the sale, the chief executive officer now directly owns 227,390 shares of the company’s stock, valued at $25,581,375. The disclosure for this sale can be found here. Insiders have sold a total of 77,480 shares of company stock valued at $9,312,577 over the last three months. 4.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. raised its position in Woodward, Inc.Common Stock by 257.5% during the 2nd quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock valued at $117,020,000 after purchasing an additional 744,802 shares in the last quarter. AQR Capital Management LLC raised its position in Woodward, Inc.Common Stock by 12.6% during the 2nd quarter. AQR Capital Management LLC now owns 700,788 shares of the technology company’s stock valued at $78,839,000 after purchasing an additional 78,494 shares in the last quarter. Bank of America Corp DE raised its position in Woodward, Inc.Common Stock by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 698,632 shares of the technology company’s stock valued at $79,057,000 after purchasing an additional 30,541 shares in the last quarter. Victory Capital Management Inc. raised its position in Woodward, Inc.Common Stock by 17.4% during the 2nd quarter. Victory Capital Management Inc. now owns 670,305 shares of the technology company’s stock valued at $75,852,000 after purchasing an additional 99,577 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Woodward, Inc.Common Stock by 16.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 595,193 shares of the technology company’s stock valued at $67,352,000 after purchasing an additional 82,765 shares in the last quarter. 73.65% of the stock is owned by institutional investors and hedge funds.

About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Analyst Recommendations for Woodward, Inc.Common Stock (NASDAQ:WWD)

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