Barrington Reaffirms Their Buy Rating on Woodward (WWD)


Barrington analyst Christopher Howe maintained a Buy rating on Woodward (WWD) today and set a price target of $119. The company’s shares closed yesterday at $113.80, close to its 52-week high of $116.46.

Howe commented:

“We will re-evaluate our price target once the company reports third quarter results.”

Howe has an average return of 40.8% when recommending Woodward.

According to TipRanks.com, Howe is ranked #835 out of 5234 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Woodward with a $114 average price target.

See today’s analyst top recommended stocks >>

Based on Woodward’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $77.58 million. In comparison, last year the company had a net profit of $49.12 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Last month, Ronald Sega, a Director at WWD sold 6,700 shares for a total of $750,400.

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 segment. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, combustion and motion control.

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