Truist Financial Reiterates Buy Rating for Woodward (NASDAQ:WWD)

Woodward (NASDAQ:WWD)‘s stock had its “buy” rating reaffirmed by equities researchers at Truist Financial in a report released on Tuesday,Benzinga reports. They presently have a $226.00 target price on the technology company’s stock, up from their previous target price of $187.00. Truist Financial’s price objective indicates a potential upside of 26.05% from the stock’s previous close.

WWD has been the topic of several other research reports. Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. TD Cowen restated a “hold” rating and issued a $160.00 target price (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. The Goldman Sachs Group cut their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Finally, StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $179.00.

Woodward Price Performance

Shares of NASDAQ:WWD opened at $179.29 on Tuesday. Woodward has a twelve month low of $129.46 and a twelve month high of $188.35. The stock’s 50 day moving average is $167.82 and its 200-day moving average is $170.87. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.87 and a beta of 1.38.

Insider Buying and Selling at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $177.65, for a total value of $1,776,500.00. Following the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at $2,044,929.15. The trade was a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 27,913 shares of company stock worth $4,907,304 in the last quarter. 1.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Woodward

A number of hedge funds have recently modified their holdings of the stock. True Wealth Design LLC bought a new position in Woodward during the third quarter valued at $28,000. Wolff Wiese Magana LLC purchased a new position in shares of Woodward during the 3rd quarter valued at $31,000. AlphaCentric Advisors LLC bought a new position in shares of Woodward during the 2nd quarter worth $37,000. Capital Performance Advisors LLP purchased a new stake in Woodward in the 3rd quarter worth about $41,000. Finally, UMB Bank n.a. raised its stake in Woodward by 101.6% in the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock valued at $42,000 after acquiring an additional 124 shares during the period. Institutional investors 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.