Woodward (NASDAQ:WWD) Price Target Increased to $162.00 by Analysts at Deutsche Bank Aktiengesellschaft

Woodward (NASDAQ:WWD) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $158.00 to $162.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 3.35% from the stock’s current price.

Other analysts have also issued research reports about the stock. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and lifted their price objective for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. TD Cowen decreased their price target on shares of Woodward from $200.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group cut their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and boosted their target price for the company from $170.00 to $190.00 in a research report on Wednesday, July 31st. Finally, StockNews.com lowered Woodward from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.67.

Woodward Price Performance

Shares of NASDAQ WWD opened at $167.62 on Thursday. The company has a market capitalization of $10.21 billion, a PE ratio of 29.30, a P/E/G ratio of 1.78 and a beta of 1.37. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. Woodward has a twelve month low of $119.03 and a twelve month high of $188.35. The firm has a fifty day simple moving average of $162.82 and a 200 day simple moving average of $167.37.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, July 29th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.11. Woodward had a return on equity of 17.16% and a net margin of 11.47%. The firm had revenue of $847.69 million during the quarter, compared to analyst estimates of $853.29 million. During the same period last year, the company posted $1.37 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Woodward will post 5.91 EPS for the current year.

Hedge Funds Weigh In On Woodward

A number of hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in Woodward by 94.2% in the 2nd quarter. Acadian Asset Management LLC now owns 434,385 shares of the technology company’s stock valued at $75,735,000 after buying an additional 210,746 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Woodward by 12.3% in the first quarter. Earnest Partners LLC now owns 1,345,438 shares of the technology company’s stock valued at $207,359,000 after acquiring an additional 147,856 shares in the last quarter. Sei Investments Co. increased its position in shares of Woodward by 37.6% during the fourth quarter. Sei Investments Co. now owns 524,683 shares of the technology company’s stock valued at $71,425,000 after acquiring an additional 143,410 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Woodward by 1.3% during the first quarter. Vanguard Group Inc. now owns 5,835,915 shares of the technology company’s stock worth $899,431,000 after acquiring an additional 77,654 shares during the period. Finally, Intrinsic Edge Capital Management LLC boosted its position in Woodward by 878.6% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 62,033 shares of the technology company’s stock worth $8,445,000 after purchasing an additional 70,000 shares during the last quarter. 81.18% of the stock is 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.