The stock of Woodward Inc (NASDAQ:WWD) hit a new 52-week high and has $72.03 target or 6.00% above today’s $67.95 share price. The 6 months bullish chart indicates low risk for the $4.19B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $72.03 price target is reached, the company will be worth $251.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 261,503 shares traded hands. Woodward Inc (NASDAQ:WWD) has risen 23.65% since April 21, 2016 and is uptrending. It has outperformed by 18.32% the S&P500.
Analysts await Woodward Inc (NASDAQ:WWD) to report earnings on January, 17. They expect $0.51 earnings per share, down 8.93% or $0.05 from last year’s $0.56 per share. WWD’s profit will be $31.45M for 33.31 P/E if the $0.51 EPS becomes a reality. After $0.99 actual earnings per share reported by Woodward Inc for the previous quarter, Wall Street now forecasts -48.48% negative EPS growth.
Woodward Inc (NASDAQ:WWD) Ratings Coverage
Out of 4 analysts covering Woodward Governor (NASDAQ:WWD), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Woodward Governor has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barrington Research initiated the stock with “Mkt Perform” rating in Friday, September 16 report. The firm has “Buy” rating by Maxim Group given on Friday, July 15. On Wednesday, November 11 the stock rating was maintained by Maxim Group with “Buy”. The firm earned “Market Perform” rating on Monday, September 14 by Cowen & Co.
According to Zacks Investment Research, “Woodward Inc. operates as a designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment serving the aerospace, power generation and distribution, and transportation markets. The Company has four operating business segments – Turbine Systems, Airframe Systems, Electrical Power Systems, and Engine Systems. The products offered by the Company include solution for the Aircraft Turbine Systems, Industrial Gas Turbine Control, Steam Turbine Control, Industrial Gas Engine Control, Industrial Diesel Engine Control, Power Conversion, Power Distribution, Power Generation. Its customer base comprises original equipment manufacturers and end users of their products. Woodward Inc., formerly known as Woodward Governor Company is headquartered in Fort Collins, Colorado.”
Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.01, from 0.88 in 2016Q1. The ratio improved, as 16 funds sold all Woodward Inc shares owned while 96 reduced positions. 34 funds bought stakes while 64 increased positions. They now own 45.92 million shares or 0.80% less from 46.29 million shares in 2016Q1.
Hermes Mgmt Limited holds 0.43% of its portfolio in Woodward Inc (NASDAQ:WWD) for 367,922 shares. Aperio Grp Limited Liability Company reported 28,237 shares or 0.01% of all its holdings. Sentinel Asset Management Inc owns 202,147 shares or 0.27% of their US portfolio. Fil Ltd reported 173,941 shares or 0.03% of all its holdings. Timessquare Capital Limited Co has invested 0.4% of its portfolio in Woodward Inc (NASDAQ:WWD). Jennison Associates Ltd Llc owns 19,456 shares or 0% of their US portfolio. Allianz Asset Ag holds 0.01% or 206,401 shares in its portfolio. Northern Trust Corp accumulated 0.02% or 1.08 million shares. Metropolitan Life Insur Communications New York holds 0.04% of its portfolio in Woodward Inc (NASDAQ:WWD) for 88,143 shares. Goldman Sachs Grp Inc has invested 0.02% of its portfolio in Woodward Inc (NASDAQ:WWD). Royal Bancshares Of Canada last reported 817,352 shares in the company. Garrison Bradford Assoc Incorporated has 3.06% invested in the company for 54,153 shares. Blackrock Limited last reported 0% of its portfolio in the stock. Morgan Stanley accumulated 0% or 59,003 shares. Moreover, Rhumbline Advisers has 0.02% invested in Woodward Inc (NASDAQ:WWD) for 117,332 shares.
Insider Transactions: Since July 28, 2016, the stock had 0 buys, and 5 insider sales for $2.85 million net activity. PETROVICH MARY L had sold 8,200 shares worth $479,993 on Thursday, July 28. 5,700 shares with value of $382,898 were sold by Rittenberg Larry E on Friday, November 18. 6,000 shares were sold by Fawzy Christopher, worth $355,801. 7,000 shares were sold by Preiss Chad Robert, worth $472,046 on Thursday, November 17. Another trade for 17,308 shares valued at $1.16 million was made by Weber Robert F Jr on Friday, November 18.
More recent Woodward Inc (NASDAQ:WWD) news were published by: Streetinsider.com which released: “Form 4 Woodward, Inc. For: Nov 18 Filed by: Preiss Chad Robert” on November 22, 2016. Also Reuters.com published the news titled: “BRIEF-Woodward Inc reports Q4 earnings per share $0.99” on November 14, 2016. Nasdaq.com‘s news article titled: “Woodward, Inc. (WWD) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 2016 was also an interesting one.
WWD Company Profile
Woodward, Inc., incorporated on November 18, 1976, is a designer, manufacturer, and service well-known provider of energy controls and optimization solutions. The Firm has production and assembly facilities in the United States, Europe and Asia, and promotes its services and products through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Firm focuses primarily on original equipment manufacturers (OEMs) and equipment packagers, partnering with them to bring component and system solutions to their demanding applications. The Firm operates in two divisions: Aerospace and Energy. The Firm also provides aftermarket repair, replacement and other service support for its installed products.
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