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Why Woodward Inc (WWD) Stock Could See Much Higher Prices Ahead

Woodward Inc (NASDAQ: WWD) is 10.97% higher on its value in year-to-date trading and has touched a low of $91.89 and a high of $160.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WWD stock was last observed hovering at around $150.58 in the last trading session, with the day’s gains setting it 0.49%.

Currently trading at $151.07, the stock is 0.08% and 2.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 0.33% at the moment leaves the stock 12.41% off its SMA200. WWD registered 61.19% gain for a year compared to 6-month gain of 24.61%.

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The stock witnessed a -1.98% loss in the last 1 month and extending the period to 3 months gives it a 5.85%, and is 1.91% up 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 2.47% over the week and 2.52% over the month.

Woodward Inc (WWD) has around 8800 employees, a market worth around $9.11B and $3.08B in sales. Current P/E ratio is 31.86 and Fwd P/E is 25.10. Profit margin for the company is 9.50%. Distance from 52-week low is 64.40% and -6.05% from its 52-week high. The company has generated returns on investments over the last 12 months (10.23%).

The EPS is expected to grow by 30.04% this year.

Woodward Inc (WWD) Top Institutional Holders

The shares outstanding are 59.84M, and float is at 56.29M with Short Float at 2.35%.

Woodward Inc (WWD) Insider Activity

The most recent transaction is an insider sale by Cromwell Thomas G,the company’sEVP and COO. SEC filings show that Cromwell Thomas G sold 38,700 shares of the company’s common stock on Mar 01 ’24 at a price of $141.98 per share for a total of $5.49 million. Following the sale, the insider now owns 11833.0 shares.

Woodward Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Fawzy Christopher (EVP, Gen Counsel & Corp Sec) sold a total of 11,000 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $140.00 per share for $1.54 million. Following the transaction, the insider now directly holds 4836.0 shares of the WWD stock.

Still, SEC filings show that on Feb 15 ’24, COHN JOHN D (Director) disposed off 1,500 shares at an average price of $138.86 for $0.21 million. The insider now directly holds 20,531 shares of Woodward Inc (WWD).

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