Shares of Woodward, Inc.Common Stock (NASDAQ:WWD) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $85.86.

WWD has been the topic of a number of research analyst reports. Barclays raised Woodward, Inc.Common Stock from an “equal weight” rating to an “overweight” rating and set a $80.00 target price on the stock in a research note on Monday, June 1st. Barrington Research reissued a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, May 5th. Oppenheimer started coverage on Woodward, Inc.Common Stock in a research note on Monday, May 4th. They issued a “hold” rating on the stock. CSFB reduced their price objective on Woodward, Inc.Common Stock from $77.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Wood & Company cut Woodward, Inc.Common Stock from an “overweight” rating to a “neutral” rating in a research note on Monday, April 6th.

Shares of WWD stock traded up $1.79 on Friday, reaching $74.21. The company’s stock had a trading volume of 372,300 shares, compared to its average volume of 445,328. The company has a quick ratio of 1.36, a current ratio of 2.25 and a debt-to-equity ratio of 0.46. Woodward, Inc.Common Stock has a 12-month low of $46.51 and a 12-month high of $129.06. The company has a market capitalization of $4.51 billion, a P/E ratio of 13.85, a PEG ratio of 1.50 and a beta of 1.53. The stock’s 50 day simple moving average is $74.87 and its 200-day simple moving average is $86.56.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.53. Woodward, Inc.Common Stock had a return on equity of 18.93% and a net margin of 9.48%. The company had revenue of $720.20 million for the quarter, compared to the consensus estimate of $692.41 million. During the same quarter last year, the business posted $1.40 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. Research analysts expect that Woodward, Inc.Common Stock will post 3.53 EPS for the current year.

In other Woodward, Inc.Common Stock news, Director Paul Donovan sold 7,634 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $73.73, for a total value of $562,854.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in WWD. PrairieView Partners LLC purchased a new position in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $29,000. Perennial Advisors LLC bought a new stake in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $35,000. Pearl River Capital LLC bought a new stake in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $50,000. Finally, Arden Trust Co bought a new stake in shares of Woodward, Inc.Common Stock during the first quarter valued at approximately $64,000. Hedge funds and other institutional investors own 83.24% of the company’s stock.

Woodward, Inc.Common Stock Company Profile

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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