4 days Ago By ABMN Staff
Woodward ( NASDAQ:WWD – Free Report ) had its price target upped by Wells Fargo & Company from $172.00 to $175.00 in a research note released on Tuesday morning, Benzinga reports.
The brokerage currently has an equal weight rating on the technology company’s stock. WWD has been the topic of a number of other research reports. UBS Group lifted their price target on Woodward from $216.
00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Truist Financial boosted their price target on shares of Woodward from $226.
00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, StockNews.
com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, Woodward has a consensus rating of “Hold” and a consensus price target of $193.63. Read Our Latest Research Report on WWD Woodward Trading Up 0.
4 % Woodward ( NASDAQ:WWD – Get Free Report ) last issued its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.
14 by $0.21. Woodward had a return on equity of 16.
76% and a net margin of 11.18%. During the same quarter last year, the company posted $1.
45 earnings per share. As a group, equities research analysts expect that Woodward will post 6.15 EPS for the current fiscal year.
Woodward Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.28 dividend.
The ex-dividend date was Thursday, February 20th. This represents a $1.12 dividend on an annualized basis and a yield of 0.
66%. This is an increase from Woodward’s previous quarterly dividend of $0.25.
Woodward’s payout ratio is 18.76%. Insider Transactions at Woodward In other news, Director Gregg C.
Sengstack sold 4,600 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.
00. Following the transaction, the director now owns 17,450 shares of the company’s stock, valued at approximately $3,278,157. This represents a 20.
86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, COO Thomas G.
Cromwell sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $184.50, for a total value of $1,845,000.
00. Following the completion of the sale, the chief operating officer now owns 15,477 shares of the company’s stock, valued at approximately $2,855,506.50.
This trade represents a 39.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 27,900 shares of company stock valued at $5,215,444 in the last three months. Corporate insiders own 0.82% of the company’s stock.
Institutional Trading of Woodward A number of institutional investors and hedge funds have recently modified their holdings of the company. Farallon Capital Management LLC raised its holdings in Woodward by 31.8% in the 4th quarter.
Farallon Capital Management LLC now owns 1,521,300 shares of the technology company’s stock worth $253,175,000 after acquiring an additional 367,300 shares during the period. Earnest Partners LLC grew its position in shares of Woodward by 2.8% in the fourth quarter.
Earnest Partners LLC now owns 1,418,123 shares of the technology company’s stock valued at $236,004,000 after purchasing an additional 38,774 shares during the last quarter. Naya Capital Management UK Ltd. increased its stake in shares of Woodward by 130.
2% in the fourth quarter. Naya Capital Management UK Ltd. now owns 1,328,765 shares of the technology company’s stock worth $221,133,000 after purchasing an additional 751,541 shares during the period.
Geode Capital Management LLC lifted its position in shares of Woodward by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,302,237 shares of the technology company’s stock worth $216,771,000 after purchasing an additional 23,735 shares during the last quarter.
Finally, Duquesne Family Office LLC boosted its stake in Woodward by 15.9% during the 4th quarter. Duquesne Family Office LLC now owns 1,225,750 shares of the technology company’s stock valued at $203,989,000 after purchasing an additional 168,035 shares during the period.
81.18% of the stock is currently owned by institutional investors and hedge funds. Woodward Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Woodward Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward and related companies with MarketBeat.
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