Woodward Inc. (NASDAQ: WWD) is -17.54% lower on its value in year-to-date trading and has touched a low of $87.59 and a high of $129.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WWD stock was last observed hovering at around $89.71 in the last trading session, with the day’s gains setting it 0.55% off its average median price target of $120.50 for the next 12 months. It is also 34.59% off the consensus price target high of $138.00 offered by 11 analysts, but current levels are -7.45% lower than the price target low of $84.00 for the same period.
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Currently trading at $90.26, the stock is -1.38% and -6.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.28 million and changing 0.61% at the moment leaves the stock -18.23% off its SMA200. WWD registered -23.05% loss for a year compared to 6-month loss of -21.66%. The firm has a 50-day simple moving average (SMA 50) of $2.65 and a 200-day simple moving average (SMA200) of $16.14.
The stock witnessed a -2.05% gain in the last 1 month and extending the period to 3 months gives it a -22.93%, and is -1.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.14% over the week and 2.66% over the month.
Woodward Inc. (WWD) has around 7200 employees, a market worth around $5.44B and $2.26B in sales. Current P/E ratio is 33.33 and Fwd P/E is 19.89. Profit margin for the company is 7.80%. Distance from 52-week low is 3.05% and -30.10% from its 52-week high. The company has generated returns on investments over the last 12 months (7.50%).
Woodward Inc. (WWD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Woodward Inc. (WWD) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.50, where 6 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Woodward Inc. is expected to release its quarterly report on 11/16/2022.The EPS is expected to shrink by -15.00% this year.
Woodward Inc. (WWD) Top Institutional Holders
The shares outstanding are 62.55M, and float is at 57.01M with Short Float at 3.32%.
Woodward Inc. (WWD) Insider Activity
A total of 6 insider transactions have happened at Woodward Inc. (WWD) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider sale by GENDRON THOMAS A ,the company’sOfficer of the Company. SEC filings show that GENDRON THOMAS A sold 10,000 shares of the company’s common stock on Jun 02 at a price of $102.35 per share for a total of $1.02 million. Following the sale, the insider now owns 32000.0 shares.
Woodward Inc. disclosed in a document filed with the SEC on May 20 that Blankenship Charles P (CEO and President) bought a total of 500 shares of the company’s common stock. The trade occurred on May 20 and was made at $93.78 per share for $46890.0. Following the transaction, the insider now directly holds 36600.0 shares of the WWD stock.
Still, SEC filings show that on May 19, Blankenship Charles P (CEO and President) acquired 400 shares at an average price of $99.05 for $39620.0. The insider now directly holds 36,100 shares of Woodward Inc. (WWD).
Woodward Inc. (WWD): Who are the competitors?
The company’s main competitors (and peers) include Honeywell International Inc. (HON) that is trading -25.78% down over the past 12 months and Raytheon Technologies Corporation (RTX) that is 7.51% higher over the same period. The Boeing Company (BA) is -32.16% down on the 1-year trading charts.
