Woodward (NASDAQ:WWD) PT Raised to $162.00

Woodward (NASDAQ:WWD) had its price objective raised by Deutsche Bank Aktiengesellschaft from $158.00 to $162.00 in a research note published on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the technology company’s stock.

Several other research firms have also issued reports on WWD. StockNews.com lowered shares of Woodward from a buy rating to a hold rating in a report on Monday, September 16th. The Goldman Sachs Group reduced their price target on shares of Woodward from $228.00 to $201.00 and set a buy rating for the company in a research report on Wednesday, July 31st. Jefferies Financial Group raised shares of Woodward from a hold rating to a buy rating and raised their price target for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. TD Cowen reduced their price target on shares of Woodward from $200.00 to $186.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Finally, Truist Financial raised shares of Woodward from a hold rating to a buy rating and lifted their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Woodward has an average rating of Moderate Buy and a consensus target price of $174.67.

Woodward Stock Performance

Shares of WWD opened at $167.62 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. Woodward has a one year low of $119.03 and a one year high of $188.35. The company has a 50-day simple moving average of $162.51 and a two-hundred day simple moving average of $167.51. The firm has a market capitalization of $10.21 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The firm had revenue of $847.69 million during the quarter, compared to analyst estimates of $853.29 million. During the same period last year, the business earned $1.37 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate that Woodward will post 5.91 EPS for the current fiscal year.

Woodward Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 17.48%.

Institutional Investors Weigh In On Woodward

A number of hedge funds have recently modified their holdings of the business. Red Spruce Capital LLC grew its position in shares of Woodward by 9.2% during the 3rd quarter. Red Spruce Capital LLC now owns 18,932 shares of the technology company’s stock valued at $3,247,000 after acquiring an additional 1,601 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Woodward during the 2nd quarter valued at $1,597,000. Truist Financial Corp lifted its stake in shares of Woodward by 26.5% during the 2nd quarter. Truist Financial Corp now owns 1,825 shares of the technology company’s stock valued at $318,000 after buying an additional 382 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Woodward during the 2nd quarter valued at $548,000. Finally, Quarry LP purchased a new position in shares of Woodward during the 2nd quarter valued at $171,000. Institutional investors own 81.18% of the company’s stock.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft.