Woodward (NASDAQ:WWD) Given "Buy" Rating at Truist Financial

Woodward (NASDAQ:WWD - Get Free Report)'s stock had its "buy" rating reissued by Truist Financial in a research note issued on Tuesday,Benzinga reports. They presently have a $226.00 price objective on the technology company's stock, up from their prior price objective of $187.00. Truist Financial's price target would indicate a potential upside of 26.05% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group cut their price objective on Woodward from $228.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. TD Cowen reissued a "hold" rating and set a $160.00 price target (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Woodward from $158.00 to $162.00 and gave the company a "hold" rating in a research note on Thursday, October 3rd. Jefferies Financial Group upgraded shares of Woodward from a "hold" rating to a "buy" rating and lifted their target price for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of Woodward from a "buy" rating to a "hold" rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Woodward has an average rating of "Hold" and an average price target of $179.00.

Woodward Stock Performance

Shares of Woodward stock opened at $179.29 on Tuesday. The company's 50 day moving average price is $167.82 and its two-hundred day moving average price is $170.87. The firm has a market capitalization of $10.70 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.87 and a beta of 1.38. Woodward has a fifty-two week low of $129.46 and a fifty-two week high of $188.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29.

Insider Activity

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $177.65, for a total value of $1,776,500.00. Following the completion of the transaction, the chief operating officer now directly owns 11,511 shares of the company's stock, valued at approximately $2,044,929.15. This trade represents a 46.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 27,913 shares of company stock valued at $4,907,304. 1.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Woodward

Large investors have recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new position in Woodward in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC bought a new stake in shares of Woodward in the 3rd quarter valued at $31,000. AlphaCentric Advisors LLC acquired a new position in shares of Woodward during the 2nd quarter valued at $37,000. Capital Performance Advisors LLP bought a new position in Woodward during the third quarter worth $41,000. Finally, UMB Bank n.a. boosted its stake in Woodward by 101.6% during the third quarter. UMB Bank n.a. now owns 246 shares of the technology company's stock worth $42,000 after acquiring an additional 124 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.

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