In a report released today, Christopher Howe from Barrington maintained a Buy rating on Woodward (WWD – Research Report), with a price target of $119. The company’s shares closed last Monday at $107.73.
According to TipRanks.com, Howe is a 5-star analyst with an average return of 29.0% and a 67.9% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, ASV Holdings Inc, and Kadant Inc.
Currently, the analyst consensus on Woodward is a Moderate Buy with an average price target of $114.
Woodward’s market cap is currently $6.71B and has a P/E ratio of 26.10. The company has a Price to Book ratio of 3.92.
Based on the recent corporate insider activity of 46 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. Earlier this month, Robert F. Weber, the Vice Chairman, CFO of WWD sold 10,000 shares for a total of $1,083,200.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.