Woodward (NASDAQ:WWD) PT Raised to $210.00 at Deutsche Bank Aktiengesellschaft

Woodward (NASDAQ:WWD) had its price objective increased by Deutsche Bank Aktiengesellschaft from $200.00 to $210.00 in a research note published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the stock. Truist Financial boosted their target price on shares of Woodward from $143.00 to $152.00 and gave the company a hold rating in a research note on Tuesday, April 30th. The Goldman Sachs Group boosted their price objective on Woodward from $159.00 to $201.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Alembic Global Advisors cut Woodward from an overweight rating to a neutral rating and set a $148.00 price objective for the company. in a report on Thursday, February 1st. UBS Group boosted their price objective on Woodward from $168.00 to $177.00 and gave the stock a buy rating in a report on Tuesday, January 30th. Finally, StockNews.com cut Woodward from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Woodward presently has a consensus rating of Moderate Buy and an average price target of $174.38.

Woodward Stock Up 0.8 %

WWD opened at $186.50 on Tuesday. Woodward has a fifty-two week low of $105.18 and a fifty-two week high of $187.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.62 and a quick ratio of 1.78. The firm’s fifty day moving average price is $163.50 and its two-hundred day moving average price is $146.66. The company has a market capitalization of $11.36 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.90 and a beta of 1.31.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The firm had revenue of $835.34 million for the quarter, compared to the consensus estimate of $807.04 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. On average, analysts anticipate that Woodward will post 5.88 EPS for the current year.

Woodward Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. Woodward’s dividend payout ratio is presently 17.48%.

Insider Activity at Woodward

In other Woodward news, Director Gregg C. Sengstack sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the completion of the transaction, the director now owns 17,450 shares of the company’s stock, valued at approximately $2,914,324.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Woodward

A number of large investors have recently bought and sold shares of WWD. Venturi Wealth Management LLC raised its stake in shares of Woodward by 79.3% during the 4th quarter. Venturi Wealth Management LLC now owns 199 shares of the technology company’s stock worth $27,000 after purchasing an additional 88 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Woodward during the 1st quarter worth approximately $31,000. Principal Securities Inc. bought a new stake in shares of Woodward during the 4th quarter worth approximately $34,000. Mather Group LLC. bought a new stake in shares of Woodward during the 1st quarter worth approximately $34,000. Finally, GAMMA Investing LLC bought a new stake in shares of Woodward during the 4th quarter worth approximately $44,000. 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.