Woodward (NASDAQ:WWD) Price Target Raised to $228.00 at UBS Group

Woodward (NASDAQ:WWD) had its price target upped by equities research analysts at UBS Group from $209.00 to $228.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s price objective suggests a potential upside of 27.34% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Truist Financial restated a “buy” rating and set a $226.00 price objective (up from $187.00) on shares of Woodward in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. TD Cowen reiterated a “hold” rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday, October 4th. The Goldman Sachs Group lowered 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. Finally, StockNews.com downgraded shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.67.

Woodward Price Performance

Shares of NASDAQ:WWD opened at $179.05 on Tuesday. The company has a market cap of $10.68 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. The company’s fifty day moving average is $168.59 and its two-hundred day moving average is $170.94. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. Woodward has a 12-month low of $129.46 and a 12-month high of $201.64.

Insider Buying and Selling at Woodward

In related news, COO Thomas G. Cromwell sold 10,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at approximately $2,044,929.15. The trade was a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 27,913 shares of company stock worth $4,907,304 over the last ninety days. Company insiders own 1.12% of the company’s stock.

Institutional Trading of Woodward

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

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.