Barclays analyst David E. Strauss maintained a Hold rating on Woodward (WWD – Research Report) on May 3 and set a price target of $175.00. The company’s shares closed last Friday at $168.83.
According to TipRanks, E. Strauss is a 4-star analyst with an average return of 6.4% and a 59.18% success rate. E. Strauss covers the Industrials sector, focusing on stocks such as Boeing, GE Aerospace, and Spirit AeroSystems.
Currently, the analyst consensus on Woodward is a Moderate Buy with an average price target of $179.80, implying a 6.50% upside from current levels. In a report released on April 30, Truist Financial also maintained a Hold rating on the stock with a $152.00 price target.
Based on Woodward’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $835.34 million and a net profit of $97.56 million. In comparison, last year the company earned a revenue of $718.21 million and had a net profit of $35.51 million
Based on the recent corporate insider activity of 32 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 March 2024, Thomas Cromwell, the EVP & COO of WWD sold 38,700.00 shares for a total of $5,494,749.99.
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Woodward (WWD) Company Description:
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.
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