Woodward (WWD) Stock Rating Lowered by Zacks Investment Research

Woodward (NASDAQ:WWD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Sunday.

According to Zacks, “Woodward witnessed further deterioration of the natural gas truck market in China and continued weakness in reciprocating engine power generation and other OEM large capital equipment projects. Moreover, persistent weakness in large capital projects remains one of the major dampeners for Woodward's industrial segment. This business has been witnessing continuous weakness for the past few quarters, which in turn has affected its financial results. This may have led the company’s shares to underperform the broader industry in last one year. Nevertheless, it stands to benefit from increased global usage of natural gas as a source of electricity and transportation fuel.”

A number of other equities analysts have also recently weighed in on WWD. BidaskClub raised Woodward from a “buy” rating to a “strong-buy” rating in a report on Friday, September 29th. Oppenheimer reaffirmed a “market perform” rating and issued a $82.00 price target on shares of Woodward in a report on Thursday, October 26th. SunTrust Banks upped their price target on Woodward to $77.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. Cowen reaffirmed a “hold” rating and issued a $62.00 price target on shares of Woodward in a report on Thursday, November 9th. Finally, ValuEngine cut Woodward from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.25.

Woodward (NASDAQ:WWD) opened at $80.50 on Friday. The firm has a market capitalization of $5,000.00, a PE ratio of 25.47, a P/E/G ratio of 1.95 and a beta of 1.24. Woodward has a fifty-two week low of $65.22 and a fifty-two week high of $84.23. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $606.79 million during the quarter, compared to analysts’ expectations of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. Woodward’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. analysts forecast that Woodward will post 3.39 earnings per share for the current fiscal year.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.17% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in shares of Woodward by 6.4% in the third quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock valued at $64,652,000 after purchasing an additional 50,208 shares during the last quarter. Geneva Partners LLC acquired a new stake in shares of Woodward in the third quarter valued at approximately $841,000. Koch Industries Inc. acquired a new stake in shares of Woodward in the second quarter valued at approximately $354,000. King Luther Capital Management Corp acquired a new stake in shares of Woodward in the third quarter valued at approximately $602,000. Finally, Hermes Investment Management Ltd. increased its holdings in shares of Woodward by 9.2% in the third quarter. Hermes Investment Management Ltd. now owns 412,043 shares of the technology company’s stock valued at $31,979,000 after purchasing an additional 34,643 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

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Woodward Company Profile

Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.

Analyst Recommendations for Woodward (NASDAQ:WWD)

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