Woodward (NASDAQ:WWD – Get Free Report) was upgraded by stock analysts at Guggenheim to a “strong-buy” rating in a research note issued on Monday, Zacks reports.
WWD has been the topic of a number of other reports. Wall Street Zen cut shares of Woodward from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Truist Financial raised their price objective on shares of Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. TD Cowen boosted their price objective on shares of Woodward from $390.00 to $420.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Woodward in a report on Friday, July 17th. Finally, Susquehanna began coverage on shares of Woodward in a research report on Tuesday, May 26th. They set a “positive” rating and a $423.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Woodward currently has a consensus rating of “Moderate Buy” and a consensus price target of $415.17.
Check Out Our Latest Research Report on Woodward
Woodward Stock Down 0.3%
Woodward (NASDAQ:WWD – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%.Woodward’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 earnings per share. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, sell-side analysts predict that Woodward will post 9.46 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Shawn McLevige sold 2,150 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $356.82, for a total value of $767,163.00. Following the completion of the transaction, the executive vice president owned 3,098 shares in the company, valued at $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.71% of the company’s stock.
Institutional Investors Weigh In On Woodward
Several institutional investors and hedge funds have recently made changes to their positions in WWD. BlackRock Inc. purchased a new position in Woodward during the 2nd quarter valued at about $2,984,684,000. Geode Capital Management LLC lifted its holdings in shares of Woodward by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 1,491,870 shares of the technology company’s stock valued at $451,093,000 after purchasing an additional 106,390 shares in the last quarter. Sei Investments Co. grew its position in shares of Woodward by 12.5% in the first quarter. Sei Investments Co. now owns 904,404 shares of the technology company’s stock valued at $323,705,000 after purchasing an additional 100,465 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Woodward by 45.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,065,294 shares of the technology company’s stock valued at $322,060,000 after purchasing an additional 334,333 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Woodward during the 2nd quarter worth approximately $303,698,000. 81.18% of the stock is currently owned by hedge funds and other institutional investors.
About Woodward
Woodward, Inc (NASDAQ: WWD) designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage fuel, air, combustion, motion, actuation and electrical power in engines, turbines and other energy-conversion systems.
In aerospace, Woodward supplies systems and components for commercial aircraft, business aviation, military aircraft, helicopters and space applications. Its offerings include fuel metering and engine control systems, air-management products, actuators, electric power systems and other controls used in propulsion and aircraft subsystems.
Woodward also serves industrial customers with controls for power generation, gas and diesel engines, renewable-energy equipment, industrial turbines and other applications.
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