Oppenheimer analyst Christopher Glynn assigned a Hold rating to Woodward (WWD) yesterday. The company’s shares closed last Monday at $115.18, close to its 52-week high of $127.91.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 14.2% and a 65.1% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Wesco International.
Woodward has an analyst consensus of Moderate Buy, with a price target consensus of $118.33, a 4.4% upside from current levels. In a report issued on January 20, Cowen & Co. also maintained a Hold rating on the stock with a $120.00 price target.
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Based on Woodward’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $531 million and net profit of $57.24 million. In comparison, last year the company earned revenue of $737 million and had a net profit of $66.8 million.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WWD in relation to earlier this year. Most recently, in November 2020, Robert F. Weber, the Vice Chairman & CFO of WWD sold 30,300 shares for a total of $3,476,925.
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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 segment. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, combustion and motion control. The Industrial segment includes the design and services systems and products for the management of fuel, air, fluids, gases, electricity, motion, and combustion. The company was founded by Amos W. Woodward in 1870 and is headquartered in Fort Collins, CO.