Woodward (NASDAQ:WWD) Downgraded by Wolfe Research

Wolfe Research cut shares of Woodward (NASDAQ:WWDGet Rating) from an outperform rating to a peer perform rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

A number of other brokerages have also recently issued reports on WWD. Wells Fargo & Company boosted their target price on shares of Woodward from $100.00 to $106.00 and gave the company an equal weight rating in a research report on Friday, November 18th. Barclays reduced their target price on shares of Woodward from $110.00 to $107.00 and set an equal weight rating for the company in a research report on Monday. Jefferies Financial Group reaffirmed a hold rating and set a $90.00 price objective on shares of Woodward in a research report on Wednesday, September 14th. StockNews.com raised shares of Woodward from a hold rating to a buy rating in a research report on Monday. Finally, Truist Financial upped their price objective on shares of Woodward from $80.00 to $88.00 in a research report on Friday, November 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $105.86.

Woodward Trading Down 0.8 %

Shares of Woodward stock opened at $98.35 on Tuesday. The firm has a 50-day moving average of $89.77 and a 200-day moving average of $94.14. The stock has a market cap of $5.88 billion, a PE ratio of 36.03, a PEG ratio of 2.13 and a beta of 1.50. Woodward has a 52-week low of $79.26 and a 52-week high of $129.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.48 and a current ratio of 2.43.

Woodward Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, November 10th. Woodward’s payout ratio is 27.84%.

Insiders Place Their Bets

In other Woodward news, CFO Mark D. Hartman sold 5,300 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $92.21, for a total transaction of $488,713.00. Following the completion of the transaction, the chief financial officer now owns 2,585 shares of the company’s stock, valued at $238,362.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Woodward news, CFO Mark D. Hartman sold 5,300 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $92.21, for a total transaction of $488,713.00. Following the completion of the transaction, the chief financial officer now owns 2,585 shares of the company’s stock, valued at $238,362.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles P. Blankenship acquired 500 shares of the stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average cost of $92.97 per share, with a total value of $46,485.00. Following the purchase, the chief executive officer now directly owns 38,600 shares of the company’s stock, valued at $3,588,642. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 12,000 shares of company stock valued at $1,127,640. 3.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WWD. Quadrant Capital Group LLC increased its stake in shares of Woodward by 226.6% in the third quarter. Quadrant Capital Group LLC now owns 307 shares of the technology company’s stock valued at $25,000 after buying an additional 213 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of Woodward in the second quarter valued at approximately $28,000. Wipfli Financial Advisors LLC acquired a new position in shares of Woodward in the third quarter valued at approximately $35,000. Meeder Asset Management Inc. acquired a new stake in Woodward during the 1st quarter valued at approximately $41,000. Finally, Ellevest Inc. increased its position in Woodward by 73.8% during the 2nd quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock valued at $46,000 after purchasing an additional 211 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Woodward Company Profile

(Get Rating)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.

Recommended Stories

Analyst Recommendations for Woodward (NASDAQ:WWD)

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.com's FREE daily email newsletter.