In a report released today, Christopher Howe from Barrington maintained a Hold rating on Woodward (WWD). The company’s shares closed last Monday at $119.03, close to its 52-week high of $127.91.
According to TipRanks.com, Howe is a 5-star analyst with an average return of 39.4% and a 70.8% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Columbus Mckinnon.
Currently, the analyst consensus on Woodward is a Moderate Buy with an average price target of $118.33, which is a -2.3% downside from current levels. In a report issued on January 11, Truist Financial also upgraded the stock to Hold with a $101.00 price target.
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Woodward’s market cap is currently $7.49B and has a P/E ratio of 32.60. The company has a Price to Book ratio of 13.29.
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.
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. 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.