Brokerages Set Woodward, Inc. (NASDAQ:WWD) Price Target at $174.67

Woodward, Inc. (NASDAQ:WWD) has been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $174.67.

WWD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. TD Cowen reissued a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a report on Friday, October 4th. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. StockNews.com cut Woodward from a “buy” rating to a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group decreased 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.

Woodward Stock Down 1.7 %

Woodward stock opened at $161.32 on Friday. The stock has a market cap of $9.62 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. Woodward has a one year low of $126.31 and a one year high of $188.35. The stock has a fifty day moving average of $165.27 and a 200 day moving average of $169.03.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

Institutional Investors Weigh In On Woodward

Several hedge funds have recently made changes to their positions in WWD. Acadian Asset Management LLC lifted its holdings in shares of Woodward by 94.2% in the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock worth $75,735,000 after buying an additional 210,746 shares during the period. Earnest Partners LLC lifted its holdings in shares of Woodward by 12.3% in the 1st quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock worth $207,359,000 after buying an additional 147,856 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Woodward by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock worth $899,431,000 after buying an additional 77,654 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Woodward by 17,072.3% during the 3rd quarter. International Assets Investment Management LLC now owns 76,760 shares of the technology company’s stock worth $13,165,000 after purchasing an additional 76,313 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Woodward by 13.3% during the 2nd quarter. Sei Investments Co. now owns 634,698 shares of the technology company’s stock worth $110,679,000 after purchasing an additional 74,734 shares during the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

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.