Woodward, Inc.Common Stock (NASDAQ:WWD) Lifted to Buy at Jefferies Financial Group

Woodward, Inc.Common Stock (NASDAQ:WWD) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Wednesday, BenzingaRatingsTable reports.

WWD has been the topic of a number of other reports. BidaskClub raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. ValuEngine raised shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Monday, August 26th. Finally, Barrington Research lowered shares of Woodward, Inc.Common Stock from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Woodward, Inc.Common Stock presently has a consensus rating of “Hold” and an average price target of $106.75.

Shares of WWD stock opened at $114.97 on Wednesday. Woodward, Inc.Common Stock has a 12-month low of $68.40 and a 12-month high of $119.95. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.62 and a beta of 1.33. The business has a 50 day simple moving average of $111.00 and a 200 day simple moving average of $110.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07.

Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its earnings results on Monday, November 18th. The technology company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.07). The business had revenue of $736.54 million during the quarter, compared to analyst estimates of $746.21 million. Woodward, Inc.Common Stock had a net margin of 8.95% and a return on equity of 18.62%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. On average, equities analysts anticipate that Woodward, Inc.Common Stock will post 5.49 EPS for the current fiscal year.

In other Woodward, Inc.Common Stock news, CEO Thomas A. Gendron sold 3,500 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $118.19, for a total value of $413,665.00. Following the completion of the sale, the chief executive officer now directly owns 229,890 shares of the company’s stock, valued at approximately $27,170,699.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $108.32, for a total transaction of $1,083,200.00. Following the transaction, the chief financial officer now owns 36,553 shares of the company’s stock, valued at approximately $3,959,420.96. The disclosure for this sale can be found here. Insiders sold 22,500 shares of company stock valued at $2,540,735 over the last 90 days. 4.61% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Woodward, Inc.Common Stock by 114.4% in the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after acquiring an additional 288,545 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Woodward, Inc.Common Stock by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 40,574 shares of the technology company’s stock valued at $4,591,000 after purchasing an additional 453 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Woodward, Inc.Common Stock in the 2nd quarter valued at $291,000. SG Americas Securities LLC increased its stake in Woodward, Inc.Common Stock by 126.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,463 shares of the technology company’s stock worth $2,202,000 after purchasing an additional 10,874 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Woodward, Inc.Common Stock by 872.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 192,874 shares of the technology company’s stock worth $21,826,000 after purchasing an additional 173,037 shares in the last quarter. Institutional investors and hedge funds own 73.87% 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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