A share price of Woodward Inc [WWD] is currently trading at $158.10, down -0.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WWD shares have gain 3.31% over the last week, with a monthly amount glided 5.81%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, Woodward Announces Exclusive Thrust Reverser Actuation (TRAS) Systems Repair Agreement with Alliance Airlines. In a post published today on Yahoo Finance, Multi-Year deal accounts for all aftermarket repair work across Alliance Airline’s fleet.
From an analyst’s perspective:
Woodward Inc [NASDAQ: WWD] stock has seen the most recent analyst activity on February 01, 2024, when Alembic Global Advisors downgraded its rating to a Neutral but kept the price target unchanged to $148 for it. Previously, Goldman upgraded its rating to Buy on January 10, 2024, and elevated its price target to $153. On October 11, 2023, UBS initiated with a Buy rating and assigned a price target of $152 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $152 on September 28, 2023. TD Cowen upgraded its rating to a Outperform and raised its price target to $160 on September 05, 2023. Credit Suisse started tracking with a Outperform rating for this stock on February 27, 2023, and assigned it a price target of $120. In a note dated February 01, 2023, Alembic Global Advisors upgraded an Overweight rating on this stock and boosted its target price from $111 to $127.
Woodward Inc experienced fluctuations in its stock price throughout the past year between $91.42 and $160.79. Currently, Wall Street analysts expect the stock to reach $108 within the next 12 months. Woodward Inc [NASDAQ: WWD] shares were valued at $158.10 at the most recent close of the market. An investor can expect a potential drop of -31.69% based on the average WWD price forecast.
Analyzing the WWD fundamentals
Trailing Twelve Months sales for Woodward Inc [NASDAQ:WWD] were 3.08B which represents 27.18% growth. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 157.27 points at the first support level, and at 156.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.09, and for the 2nd resistance point, it is at 160.08.
Woodward Inc [WWD] reported earnings per share of $1.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.1/share, meaning a difference of $0.35 and a surprise factor of 31.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.33 per share as compared to estimates of $1.31 per share, a difference of $0.02 representing a surprise of 1.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Woodward Inc [NASDAQ:WWD] is 2.65. As well, the Quick Ratio is 1.69, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 3.09, the price to book ratio is 4.34 and price to earnings (TTM) ratio is 33.34.
Transactions by insiders
Recent insider trading involved Cromwell Thomas G, EVP and COO, that happened on Mar 01 ’24 when 38700.0 shares were sold. EVP, Gen Counsel & Corp Sec, Fawzy Christopher completed a deal on Feb 28 ’24 to sell 11000.0 shares. Meanwhile, Director COHN JOHN D sold 1500.0 shares on Feb 15 ’24.
