Woodward (WWD) Receives Market Perform Rating from Barrington Research

Woodward (NASDAQ:WWD)‘s stock had its “market perform” rating reiterated by investment analysts at Barrington Research in a research report issued on Tuesday. Barrington Research also issued estimates for Woodward’s Q3 2019 earnings at $1.13 EPS.

A number of other analysts have also weighed in on WWD. Wood & Company lowered Woodward from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. Oppenheimer reissued a “market perform” rating and issued a $82.00 target price on shares of Woodward in a report on Thursday, October 26th. Zacks Investment Research lowered Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. BidaskClub lowered Woodward from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, SunTrust Banks increased their target price on Woodward to $77.00 and gave the company a “hold” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $79.25.

Shares of Woodward (WWD) opened at $77.17 on Tuesday. Woodward has a 12-month low of $65.22 and a 12-month high of $84.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.77. The firm has a market capitalization of $4,838.08, a price-to-earnings ratio of 28.37, a PEG ratio of 1.92 and a beta of 1.23.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, January 22nd. The technology company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). Woodward had a return on equity of 14.04% and a net margin of 8.10%. The company had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. During the same period in the prior year, the company posted $0.73 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. research analysts forecast that Woodward will post 3.42 EPS for the current fiscal year.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the transaction, the director now owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.17% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Advisor Group Inc. grew its holdings in shares of Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after purchasing an additional 147 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after purchasing an additional 171 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Woodward by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 119,904 shares of the technology company’s stock worth $8,102,000 after purchasing an additional 776 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Woodward by 0.9% during the second quarter. New York State Common Retirement Fund now owns 87,901 shares of the technology company’s stock worth $5,940,000 after purchasing an additional 799 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Woodward by 4.6% during the fourth quarter. US Bancorp DE now owns 19,405 shares of the technology company’s stock worth $1,485,000 after purchasing an additional 857 shares during the last quarter. 72.61% of the stock is currently owned by institutional investors.

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About Woodward

Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.

Analyst Recommendations for Woodward (NASDAQ:WWD)

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