In a report issued on August 3, David E. Strauss from Barclays maintained a Hold rating on Woodward (NASDAQ: WWD), with a price target of $88. The company’s shares closed on Friday at $78.25.
According to TipRanks.com, Strauss is ranked #710 out of 4849 analysts.
Currently, the analyst consensus on Woodward is a Hold with an average price target of $84.33, implying a 7.8% upside from current levels. In a report issued on July 31, Cowen & Co. also maintained a Hold rating on the stock with a $72 price target.
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Based on Woodward’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $49.12 million. In comparison, last year the company had a net profit of $53.63 million.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Paul Donovan, a Director at WWD sold 11,400 shares for a total of $869,934.
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Woodward, Inc. engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the Aerospace and Industrial segments. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, combustion and motion control.
