Woodward, Inc.Common Stock (NASDAQ:WWD) Downgraded to “Sell” at ValuEngine

ValuEngine lowered shares of Woodward, Inc.Common Stock (NASDAQ:WWD) from a hold rating to a sell rating in a research report released on Thursday, ValuEngine reports.

A number of other brokerages have also commented on WWD. BidaskClub lowered Woodward, Inc.Common Stock from a strong-buy rating to a buy rating in a report on Thursday, December 19th. Jefferies Financial Group raised Woodward, Inc.Common Stock from a hold rating to a buy rating and increased their price objective for the company from $108.00 to $135.00 in a report on Wednesday, December 4th. Credit Suisse Group raised Woodward, Inc.Common Stock from a neutral rating to an outperform rating and increased their price objective for the company from $110.00 to $145.00 in a report on Monday, January 13th. Finally, Barrington Research lowered Woodward, Inc.Common Stock from an outperform rating to a market perform rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Woodward, Inc.Common Stock presently has an average rating of Hold and an average target price of $124.80.

Shares of NASDAQ WWD traded down $0.61 during mid-day trading on Thursday, reaching $119.40. 406,175 shares of the company traded hands, compared to its average volume of 672,998. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.80. The stock has a market cap of $7.43 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31. The company’s fifty day moving average is $121.48 and its two-hundred day moving average is $112.78. Woodward, Inc.Common Stock has a fifty-two week low of $76.89 and a fifty-two week high of $129.06.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its quarterly earnings data on Monday, November 18th. The technology company reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). The company had revenue of $736.54 million for 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 business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 EPS. Research analysts forecast that Woodward, Inc.Common Stock will post 5.45 earnings per share for the current year.

In related news, CEO Thomas A. Gendron sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $116.33, for a total transaction of $407,155.00. Following the completion of the sale, the chief executive officer now owns 229,890 shares in the company, valued at approximately $26,743,103.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas A. Gendron sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $111.18, for a total value of $111,180.00. Following the sale, the chief executive officer now owns 227,390 shares of the company’s stock, valued at approximately $25,281,220.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,480 shares of company stock valued at $9,312,577. 4.20% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Woodward, Inc.Common Stock by 16.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 594 shares of the technology company’s stock worth $70,000 after acquiring an additional 86 shares during the period. First Allied Advisory Services Inc. lifted its position in shares of Woodward, Inc.Common Stock by 2.4% in the 3rd quarter. First Allied Advisory Services Inc. now owns 3,956 shares of the technology company’s stock worth $426,000 after acquiring an additional 93 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Woodward, Inc.Common Stock by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the technology company’s stock worth $1,611,000 after acquiring an additional 100 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Woodward, Inc.Common Stock by 0.6% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,047 shares of the technology company’s stock worth $1,730,000 after acquiring an additional 103 shares during the period. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Woodward, Inc.Common Stock by 2.3% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 5,220 shares of the technology company’s stock worth $563,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 73.68% 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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