Woodward, Inc. (NASDAQ:WWD) Stock Has Consensus Target Price of $413.82 According to Brokerages

Key Points

• Analysts are broadly positive on Woodward: Thirteen firms rate the stock Moderate Buy overall—nine Buy, one Strong Buy, and three Hold—with an average 1-year price target of $413.82.
• Woodward shares traded at $329.86, below the $413.82 consensus target; the stock’s 52-week range is $253.52 to $450.92.
• The company announced a quarterly dividend of $0.32 per share, equivalent to $1.28 annually and a 0.4% yield. Institutional investors own 81.18% of the stock.

Shares of Woodward, Inc. (NASDAQ:WWD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $413.82.

Several brokerages have recently issued reports on WWD. Jefferies Financial Group decreased their price objective on Woodward from $450.00 to $420.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Truist Financial upped their target price on Woodward from $415.00 to $420.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Melius Research cut Woodward from a "buy" rating to a "hold" rating and set a $388.00 price target for the company. in a research report on Monday, September 14th. Guggenheim assumed coverage on Woodward in a report on Monday, September 14th. They issued a "buy" rating and a $404.00 price target for the company. Finally, Zacks Research lowered Woodward from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th.

Institutional Trading of Woodward

A number of hedge funds have recently added to or reduced their stakes in WWD. Varenne Capital Partners purchased a new position in shares of Woodward during the 2nd quarter worth $36,830,000. Tribune Investment Group LP purchased a new stake in shares of Woodward in the second quarter valued at about $5,752,000. BlackRock Inc. purchased a new position in Woodward during the second quarter worth about $2,984,684,000. Ceredex Value Advisors LLC acquired a new position in Woodward in the 2nd quarter valued at about $24,101,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Woodward by 0.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 329,383 shares of the technology company's stock valued at $140,133,000 after purchasing an additional 1,924 shares during the last quarter. 81.18% of the stock is owned by hedge funds and other institutional investors.

Woodward Stock Performance

Shares of NASDAQ:WWD traded down $2.04 during midday trading on Friday, reaching $329.86. The company's stock had a trading volume of 387,740 shares, compared to its average volume of 705,553. The company has a quick ratio of 1.14, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $325.55 and a 200 day moving average of $363.93. Woodward has a twelve month low of $253.52 and a twelve month high of $450.92. The firm has a market capitalization of $19.48 billion, a PE ratio of 36.69, a P/E/G ratio of 1.73 and a beta of 0.91.

Woodward Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 19th. Woodward's payout ratio is 14.24%.

About Woodward

Woodward, Inc. designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage the operation of aircraft engines, turbines, and other equipment used in power generation and industrial applications. In aerospace, Woodward supplies systems and components for commercial and military aircraft, helicopters, business aviation, and space applications. These include engine controls, fuel systems, actuation equipment, and components that regulate airflow and combustion.

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