Woodward (NASDAQ:WWD) Given New $205.00 Price Target at Truist Financial

Woodward (NASDAQ:WWD) had its price target lowered by research analysts at Truist Financial from $229.00 to $205.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Truist Financial’s price target points to a potential upside of 21.05% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft set a $187.00 target price on shares of Woodward and gave the company a “hold” rating in a report on Monday. Wells Fargo & Company reissued a “reduce” rating on shares of Woodward in a research report on Tuesday. UBS Group boosted their price objective on Woodward from $216.00 to $232.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com cut shares of Woodward from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Woodward presently has a consensus rating of “Hold” and a consensus price target of $193.75.

Woodward Stock Down 0.1 %

Shares of WWD traded down $0.24 during mid-day trading on Thursday, hitting $169.35. 20,782 shares of the company’s stock were exchanged, compared to its average volume of 465,285. Woodward has a fifty-two week low of $145.98 and a fifty-two week high of $201.64. The stock’s 50-day moving average is $180.80 and its 200-day moving average is $176.93. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.89.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, February 3rd. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company earned $1.45 EPS. On average, sell-side analysts anticipate that Woodward will post 6.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gregg C. Sengstack sold 4,600 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.00. Following the sale, the director now owns 17,450 shares of the company’s stock, valued at $3,278,157. The trade was a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas G. Cromwell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $186.49, for a total value of $1,864,900.00. Following the completion of the transaction, the chief operating officer now directly owns 15,477 shares of the company’s stock, valued at $2,886,305.73. The trade was 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 worth $5,215,444 in the last 90 days. 0.82% of the stock is currently owned by corporate insiders.

Institutional Trading of Woodward

A number of large investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. purchased a new position in Woodward during the fourth quarter worth about $465,000. JPMorgan Chase & Co. increased its position in Woodward by 135.1% during the third quarter. JPMorgan Chase & Co. now owns 992,189 shares of the technology company’s stock worth $170,170,000 after purchasing an additional 570,124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Woodward in the 3rd quarter valued at $2,547,000. Fiduciary Alliance LLC purchased a new position in shares of Woodward in the 4th quarter worth $1,275,000. Finally, Park Avenue Securities LLC increased its stake in Woodward by 105.2% during the fourth quarter. Park Avenue Securities LLC now owns 5,299 shares of the technology company’s stock worth $882,000 after acquiring an additional 2,717 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Woodward Company Profile

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.