Woodward (NASDAQ:WWD) Given New $430.00 Price Target at Wells Fargo & Company

Woodward (NASDAQ:WWD) had its price objective dropped by analysts at Wells Fargo & Company from $440.00 to $430.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 30.95% from the company’s current price.

WWD has been the subject of several other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Woodward in a research note on Friday, July 17th. Royal Bank Of Canada cut their target price on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Guggenheim assumed coverage on shares of Woodward in a report on Monday, September 14th. They issued a “buy” rating and a $404.00 price target for the company. Zacks Research downgraded shares of Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Woodward from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.33.

Woodward Trading Down 0.4%

NASDAQ WWD traded down $1.41 during trading hours on Wednesday, hitting $328.37. 112,576 shares of the company’s stock were exchanged, compared to its average volume of 708,336. The stock has a 50-day simple moving average of $351.76 and a 200 day simple moving average of $370.90. Woodward has a 1-year low of $244.69 and a 1-year high of $450.92. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.91 and a beta of 0.87. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. Woodward had a return on equity of 21.89% and a net margin of 13.17%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, equities analysts forecast that Woodward will post 9.46 EPS for the current fiscal year.

Insider Transactions at Woodward

In related news, EVP Shawn McLevige sold 2,150 shares of Woodward stock in a transaction on Friday, July 31st. The shares were sold at an average price of $356.82, for a total value of $767,163.00. Following the completion of the sale, the executive vice president owned 3,098 shares of the company’s stock, valued at approximately $1,105,428.36. This trade represents a 40.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bard Associates Inc. acquired a new position in shares of Woodward during the second quarter valued at about $28,000. Washington Trust Advisors Inc. bought a new stake in shares of Woodward during the second quarter worth about $33,000. Elevation Wealth Partners LLC raised its holdings in shares of Woodward by 550.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock worth $39,000 after acquiring an additional 77 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Woodward by 82.5% in the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $41,000 after acquiring an additional 52 shares during the last quarter. Finally, Persistent Asset Partners Ltd bought a new position in Woodward in the 2nd quarter valued at about $65,000. 81.18% of the stock is owned by institutional investors.

Woodward Company Profile

Woodward, Inc is a designer, manufacturer and service provider of control systems and components for the aerospace and energy industries. The company develops technologies that help regulate the flow of fuel, air and power in aircraft engines, industrial engines and other energy systems.

Woodward’s aerospace products include engine controls, fuel metering systems, actuation systems, air-management components and electric power systems used in commercial aircraft, business jets, military aircraft and other aerospace applications.