Woodward, Inc. (WWD) Stock Rating Lowered by BidaskClub

Woodward, Inc. (NASDAQ:WWD) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Monday, July 24th.

Other equities analysts have also recently issued research reports about the company. Stephens assumed coverage on Woodward in a report on Thursday, April 13th. They issued an “overweight” rating and a $82.00 price target for the company. CL King assumed coverage on Woodward in a report on Thursday, June 22nd. They issued a “buy” rating and a $79.00 price target for the company. Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. assumed coverage on Woodward in a report on Friday, July 14th. They set an “outperform” rating and a $82.00 target price for the company. Finally, Wood & Company assumed coverage on Woodward in a report on Thursday, July 13th. They set an “outperform” rating and a $82.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Woodward presently has an average rating of “Hold” and a consensus price target of $73.89.

Woodward (NASDAQ:WWD) opened at 69.47 on Monday. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 21.85 and a beta of 1.21. Woodward has a 52 week low of $57.09 and a 52 week high of $72.97. The firm has a 50-day moving average of $69.06 and a 200-day moving average of $68.81.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. The business had revenue of $548.62 million for the quarter, compared to the consensus estimate of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. Equities analysts forecast that Woodward will post $3.10 earnings per share for the current year.

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In other Woodward news, CFO Robert F. Weber, Jr. sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total value of $498,675.00. Following the sale, the chief financial officer now directly owns 34,053 shares in the company, valued at $2,264,183.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Donovan sold 5,700 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total value of $402,135.00. Following the completion of the sale, the director now owns 39,052 shares in the company, valued at $2,755,118.60. The disclosure for this sale can be found here. Company insiders own 5.93% of the company’s stock.

Several institutional investors have recently modified their holdings of WWD. Advisor Group Inc. raised its position in shares of Woodward by 9.8% in the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after buying an additional 147 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Woodward by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after buying an additional 190 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Woodward during the fourth quarter valued at about $204,000. Sawgrass Asset Management LLC purchased a new position in shares of Woodward during the first quarter valued at about $206,000. Finally, Diversified Trust Co purchased a new position in shares of Woodward during the second quarter valued at about $213,000. 71.09% of the stock is currently owned by institutional investors.

Woodward Company Profile

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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