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

Truist Financial restated their buy rating on shares of Woodward (NASDAQ:WWD) in a research note released on Tuesday,Benzinga reports. They currently have a $226.00 price target on the technology company’s stock, up from their previous price target of $187.00.

WWD has been the subject of a number of other research reports. The Goldman Sachs Group decreased their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research note 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. TD Cowen reissued a “hold” rating and set a $160.00 price objective (down previously from $186.00) on shares of Woodward in a report on Friday, October 4th. StockNews.com cut shares of Woodward from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $184.67.

Woodward Stock Down 4.4 %

Shares of Woodward stock opened at $179.05 on Tuesday. Woodward has a 52-week low of $129.46 and a 52-week high of $201.64. The company has a 50 day moving average of $168.88 and a 200 day moving average of $171.00. 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 company has a market capitalization of $10.68 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.01 and a beta of 1.38.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Woodward’s payout ratio is 16.64%.

Insider Activity

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value of $1,745,000.00. Following the transaction, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at approximately $2,008,669.50. The trade was a 46.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 27,913 shares of company stock valued at $4,907,304 in the last ninety days. 1.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Woodward

Several institutional investors have recently bought and sold shares of WWD. True Wealth Design LLC acquired a new position in Woodward in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC acquired a new position in Woodward in the 3rd quarter valued at $31,000. AlphaCentric Advisors LLC purchased a new stake in shares of Woodward during the 2nd quarter worth $37,000. Capital Performance Advisors LLP purchased a new stake in shares of Woodward during the 3rd quarter worth $41,000. Finally, UMB Bank n.a. boosted its position in shares of Woodward by 101.6% during the 3rd quarter. UMB Bank n.a. now owns 246 shares of the technology company’s stock worth $42,000 after purchasing an additional 124 shares in the last quarter. 81.18% of the stock is owned by institutional investors and hedge funds.

About Woodward

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.