Stephens Reaffirms Their Buy Rating on Woodward


In a report issued on July 11, Drew Lipke from Stephens reiterated a Buy rating on Woodward (NASDAQ: WWD), with a price target of $93. The company’s shares closed yesterday at $80.20.

According to TipRanks.com, Lipke is a 3-star analyst with an average return of 7.7% and a 78.6% success rate. Lipke covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Flir Systems, and HEICO Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Woodward with a $77 average price target.

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Based on Woodward’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $38.49 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. Last month, Paul Donovan, a Director at WWD sold 11,400 shares for a total of $869,934.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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