Woodward (NASDAQ: WWD) Sets New One-Year Low on Analyst Downgrade

Shares of Woodward, Inc. (NASDAQ: WWD) hit a new 52-week low on Monday after Barclays lowered its price target for the share from $ 130.00 to $ 125.00. Barclays currently has an equal weight rating on the stock. Woodward traded as low as $ 103.02 and last traded at $ 115.81, with volume of 342,544 shares. The stock previously closed at $ 114.17.

A number of other research companies have also recently published reports on the WWD. The Goldman Sachs group downgraded Woodward’s stock rating from a “neutral” rating to a “sell” rating and set a target price of $ 102.00 for the company. in a research report on Thursday, September 23. Zacks investment research raised Woodward’s shares from a “sell” rating to a “conservation” rating and set a price target of $ 121.00 for the company in a research report released on Monday, October 11. Finally, Credit Suisse Group lowered its price target on Woodward shares from $ 151.00 to $ 138.00 and established an “outperformance” rating for the company in a research report released on Tuesday, August 3. One analyst assigned a sell rating to the stock, four assigned a conservation rating and one assigned a buy rating to the company. Based on data from MarketBeat, Woodward has a consensus rating of “Hold” and a consensus price target of $ 121.71.

In other news, insider Terence J. Voskuil sold 2,100 shares of the company in a transaction that took place on Thursday, September 2. The shares were sold at an average price of $ 22.04, for a total trade of $ 46,284.00. The transaction was disclosed in a file with the Securities & Exchange Commission, available at this hyperlink. 3.81% of the shares are currently held by company insiders.

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A number of hedge funds have recently bought and sold shares in the company. Red Door Wealth Management LLC acquired a new position in Woodward shares during the second quarter valued at $ 28,000. Manchester Capital Management LLC acquired a new position in Woodward during the third quarter valued at approximately $ 31,000. Strategic Blueprint LLC acquired a new position in Woodward during the second quarter valued at approximately $ 36,000. Ellevest Inc. increased its holdings in Woodward by 415.6% in the third quarter. Ellevest Inc. now owns 330 shares of the tech company valued at $ 37,000 after acquiring an additional 266 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Woodward by 120.3% in the second quarter. Van ECK Associates Corp now owns 727 shares of the tech company valued at $ 89,000 after acquiring an additional 397 shares during the period. Institutional investors hold 79.27% ​​of the shares of the company.

The company has a fifty-day moving average of $ 115.95 and a 200-day moving average of $ 119.19. The stock has a market cap of $ 7.37 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.15, and a beta of 1.66. The company has a debt to equity ratio of 0.34, a current ratio of 4.24, and a quick ratio of 2.98.

Woodward (NASDAQ: WWD) last released its results on Thursday, November 18. The tech company reported earnings per share (EPS) of $ 0.82 for the quarter, missing analyst consensus estimates of $ 0.86 ($ 0.04). The company posted revenue of $ 570.00 million for the quarter, compared to analysts’ estimates of $ 596.76 million. Woodward had a return on equity of 9.86% and a net margin of 9.79%. Woodward’s revenue grew 7.3% year-over-year. During the same period of the previous year, the company made a profit of $ 0.75 per share. As a group, research analysts predict that Woodward, Inc. will post EPS of 3.3 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 29. Investors of record on Monday, November 15 will receive a dividend of $ 0.1625 per share. This is a positive change from Woodward’s previous quarterly dividend of $ 0.16. This represents a dividend of $ 0.65 on an annualized basis and a return of 0.56%. The ex-dividend date is Friday, November 12. Woodward’s payout ratio is currently 19.64%.

About Woodward (NASDAQ: WWD)

Woodward, Inc is committed to providing control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aeronautics and Industry. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.

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