Woodward Gets a Hold Rating from Oppenheimer

Oppenheimer analyst Christopher Glynn maintained a Hold rating on Woodward (NASDAQ: WWD) yesterday. The company’s shares closed yesterday at $73.98.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 9.6% and a 63.4% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.

Currently, the analyst consensus on Woodward is Hold and the average price target is $80.20, representing an 8.4% upside.

In a report issued on April 24, Cowen & Co. also maintained a Hold rating on the stock with a $72 price target.

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Woodward’s market cap is currently $4.54B and has a P/E ratio of 27.14. The company has a Price to Book ratio of 3.11.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Robert F. Weber, the CFO & Treasurer of WWD sold 7,000 shares for a total of $510,090.

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.