Woodward (WWD) Upgraded by BidaskClub to “Hold”

Woodward (NASDAQ:WWD) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities analysts also recently commented on WWD. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Wood & Company downgraded shares of Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Oppenheimer reissued a “market perform” rating and set a $82.00 price target on shares of Woodward in a report on Thursday, October 26th. SunTrust Banks lifted their price target on shares of Woodward to $77.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Finally, Cowen reissued a “hold” rating and set a $62.00 price target on shares of Woodward in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $77.71.

Woodward (NASDAQ:WWD) traded up $0.81 during trading hours on Tuesday, hitting $79.99. 637,800 shares of the stock were exchanged, compared to its average volume of 391,257. The company has a market cap of $4,880.00, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24. Woodward has a one year low of $65.22 and a one year high of $82.94. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $606.79 million during the quarter, compared to the consensus estimate of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. equities research analysts predict that Woodward will post 3.4 earnings per share for the current fiscal year.

In related news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now directly owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.17% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in shares of Woodward by 6.4% in the third quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock worth $64,652,000 after acquiring an additional 50,208 shares during the last quarter. Geneva Partners LLC bought a new position in shares of Woodward in the third quarter worth about $841,000. Koch Industries Inc. bought a new position in shares of Woodward in the second quarter worth about $354,000. Hermes Investment Management Ltd. raised its stake in shares of Woodward by 9.2% in the third quarter. Hermes Investment Management Ltd. now owns 412,043 shares of the technology company’s stock worth $31,979,000 after acquiring an additional 34,643 shares during the last quarter. Finally, Mitchell Capital Management Co. raised its stake in shares of Woodward by 107.8% in the third quarter. Mitchell Capital Management Co. now owns 73,986 shares of the technology company’s stock worth $5,742,000 after acquiring an additional 38,379 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

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About Woodward

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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