StockNews.com Downgrades Woodward (NASDAQ:WWD) to Hold

Woodward (NASDAQ:WWD) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded Woodward from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $197.00 to $158.00 in a research report on Wednesday, July 31st. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and raised their price target for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. Finally, TD Cowen lowered their price objective on Woodward from $200.00 to $186.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.11.

Woodward Stock Up 1.2 %

WWD opened at $165.09 on Monday. The business has a 50 day moving average of $165.44 and a 200-day moving average of $165.61. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 1.75 and a beta of 1.37. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Woodward has a 1-year low of $119.03 and a 1-year high of $188.35.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, July 29th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.11. The company had revenue of $847.69 million for the quarter, compared to analyst estimates of $853.29 million. Woodward had a net margin of 11.47% and a return on equity of 17.16%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. As a group, sell-side analysts anticipate that Woodward will post 5.91 earnings per share for the current year.

Institutional Investors Weigh In On Woodward

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Woodward during the second quarter worth approximately $1,597,000. Truist Financial Corp lifted its holdings in Woodward by 26.5% during the 2nd quarter. Truist Financial Corp now owns 1,825 shares of the technology company’s stock worth $318,000 after buying an additional 382 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Woodward in the 2nd quarter valued at $548,000. Quarry LP acquired a new stake in shares of Woodward in the 2nd quarter valued at $171,000. Finally, Coastal Bridge Advisors LLC bought a new stake in shares of Woodward during the second quarter worth $209,000. 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.