Woodward (NASDAQ:WWD) Price Target Raised to $175.00 at Wells Fargo & Company

Woodward (NASDAQ:WWD - Get Free Report) had its price objective boosted by Wells Fargo & Company from $172.00 to $175.00 in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's target price points to a potential upside of 3.45% from the company's previous close.

Several other analysts have also recently weighed in on WWD. UBS Group raised their target price on shares of Woodward from $216.00 to $232.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Truist Financial raised their price objective on shares of Woodward from $226.00 to $229.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, StockNews.com downgraded shares of Woodward from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $193.75.

Woodward Stock Down 0.2 %

Shares of NASDAQ WWD traded down $0.41 during midday trading on Tuesday, hitting $169.17. The company's stock had a trading volume of 429,055 shares, compared to its average volume of 468,309. Woodward has a 1 year low of $145.98 and a 1 year high of $201.64. The business's fifty day simple moving average is $179.84 and its two-hundred day simple moving average is $176.91. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 1.19.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.14 by $0.21. Woodward had a net margin of 11.18% and a return on equity of 16.76%. During the same period in the prior year, the business earned $1.45 earnings per share. On average, equities analysts predict that Woodward will post 6.15 EPS for the current year.

Insider Activity

In related news, COO Thomas G. Cromwell sold 3,300 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $194.36, for a total value of $641,388.00. Following the completion of the sale, the chief operating officer now owns 15,477 shares in the company, valued at $3,008,109.72. This represents a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregg C. Sengstack sold 4,600 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $187.86, for a total transaction of $864,156.00. Following the transaction, the director now directly owns 17,450 shares in the company, valued at $3,278,157. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,900 shares of company stock valued at $5,215,444. Insiders own 0.82% of the company's stock.

Hedge Funds Weigh In On Woodward

Institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in Woodward by 191.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 166 shares of the technology company's stock valued at $30,000 after purchasing an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Woodward by 2,314.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 169 shares of the technology company's stock worth $31,000 after acquiring an additional 162 shares during the period. Berbice Capital Management LLC purchased a new position in Woodward in the fourth quarter worth $33,000. NBT Bank N A NY acquired a new position in shares of Woodward during the 4th quarter worth $34,000. Finally, Mather Group LLC. lifted its holdings in Woodward by 44.8% in the 4th quarter. Mather Group LLC. now owns 278 shares of the technology company's stock valued at $46,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

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.