Woodward (NASDAQ:WWD) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "Buy (B)" rating for Woodward (NASDAQ:WWD), indicating analysts' continued confidence in the company's stock performance.
• Woodward's latest quarterly earnings reported $1.76 EPS, surpassing estimates, with revenue of $915.45 million, reflecting an 8% increase compared to the previous year.
• Analyst consensus on Woodward maintains a "Moderate Buy" rating with an average target price set at $268.67.

Woodward (NASDAQ:WWD - Get Free Report)'s stock had its "buy (b)" rating reissued by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently commented on the company. Northcoast Research raised Woodward to a "hold" rating in a research note on Friday, July 25th. UBS Group upped their price target on Woodward from $283.00 to $299.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Wolfe Research set a $300.00 price target on Woodward and gave the company an "outperform" rating in a research note on Friday, October 3rd. The Goldman Sachs Group upped their price target on Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Finally, Zacks Research lowered Woodward from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Woodward currently has a consensus rating of "Moderate Buy" and an average target price of $268.67.

Woodward Trading Down 0.8%

NASDAQ:WWD traded down $2.10 on Wednesday, hitting $252.39. 135,797 shares of the stock were exchanged, compared to its average volume of 523,852. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.46 and a beta of 1.26. Woodward has a 52 week low of $146.82 and a 52 week high of $267.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 2.04. The company's 50-day moving average price is $247.33 and its 200 day moving average price is $225.29.

Woodward (NASDAQ:WWD - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.14. The firm had revenue of $915.45 million during the quarter, compared to analysts' expectations of $884.98 million. Woodward had a return on equity of 16.57% and a net margin of 11.32%.The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 EPS. Woodward has set its FY 2025 guidance at 6.500-6.750 EPS. On average, equities research analysts forecast that Woodward will post 6.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John D. Cohn sold 1,750 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $244.32, for a total value of $427,560.00. Following the sale, the director owned 20,963 shares in the company, valued at approximately $5,121,680.16. This represents a 7.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.82% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Woodward by 189.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171 shares of the technology company's stock worth $31,000 after buying an additional 112 shares during the period. TCTC Holdings LLC grew its holdings in shares of Woodward by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 182 shares of the technology company's stock worth $33,000 after purchasing an additional 98 shares in the last quarter. Virtus Advisers LLC acquired a new stake in Woodward in the first quarter valued at about $38,000. Kilter Group LLC acquired a new stake in Woodward in the second quarter valued at about $39,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Woodward by 32.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 220 shares of the technology company's stock valued at $54,000 after buying an additional 54 shares in the last quarter. Institutional investors own 81.18% of the company's stock.

Woodward Company Profile

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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