Worth Watching: What’s in Woodward Inc After Making All-Time High?

Worth Watching: What's in Woodward Inc After Making All Time High?

The stock of Woodward Inc (NASDAQ:WWD) reached all time high today, Nov, 23 and still has $71.30 target or 5.00% above today’s $67.90 share price. This indicates more upside for the $4.19 billion company. This technical setup was reported by Barchart.com. If the $71.30 PT is reached, the company will be worth $209.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 75,585 shares traded hands. Woodward Inc (NASDAQ:WWD) has risen 23.65% since April 21, 2016 and is uptrending. It has outperformed by 18.32% the S&P500.

Analysts await Woodward Inc (NASDAQ:WWD) to report earnings on January, 17. They expect $0.51 earnings per share, down 8.93% or $0.05 from last year’s $0.56 per share. WWD’s profit will be $31.47 million for 33.28 P/E if the $0.51 EPS becomes a reality. After $0.99 actual earnings per share reported by Woodward Inc for the previous quarter, Wall Street now forecasts -48.48% negative EPS growth.

Woodward Inc (NASDAQ:WWD) Ratings Coverage

Out of 4 analysts covering Woodward Governor (NASDAQ:WWD), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Woodward Governor has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, September 16, the company rating was initiated by Barrington Research. Maxim Group maintained the shares of WWD in a report on Wednesday, November 11 with “Buy” rating. Maxim Group maintained Woodward Inc (NASDAQ:WWD) rating on Friday, July 15. Maxim Group has “Buy” rating and $70 price target. Cowen & Co initiated it with “Market Perform” rating and $48 target price in Monday, September 14 report.

According to Zacks Investment Research, “Woodward Inc. operates as a designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment serving the aerospace, power generation and distribution, and transportation markets. The Company has four operating business segments – Turbine Systems, Airframe Systems, Electrical Power Systems, and Engine Systems. The products offered by the Company include solution for the Aircraft Turbine Systems, Industrial Gas Turbine Control, Steam Turbine Control, Industrial Gas Engine Control, Industrial Diesel Engine Control, Power Conversion, Power Distribution, Power Generation. Its customer base comprises original equipment manufacturers and end users of their products. Woodward Inc., formerly known as Woodward Governor Company is headquartered in Fort Collins, Colorado.”

Insitutional Activity: The institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.01, from 0.88 in 2016Q1. The ratio increased, as 16 funds sold all Woodward Inc shares owned while 96 reduced positions. 34 funds bought stakes while 64 increased positions. They now own 45.92 million shares or 0.80% less from 46.29 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement System owns 42,546 shares or 0.01% of their US portfolio. Nj State Employees Deferred Compensation Plan owns 20,000 shares or 0.25% of their US portfolio. Pub Employees Retirement Association Of Colorado holds 0.01% or 11,978 shares in its portfolio. Pennsylvania Trust last reported 0.06% of its portfolio in the stock. Evercore Wealth Management Ltd Com owns 4,401 shares or 0.01% of their US portfolio. Nuance Invs Lc has invested 0.15% of its portfolio in Woodward Inc (NASDAQ:WWD). Amer Century Cos last reported 85,056 shares in the company. The New York-based Lazard Asset Mngmt has invested 0.05% in Woodward Inc (NASDAQ:WWD). Credit Suisse Ag holds 0.01% or 123,364 shares in its portfolio. Envestnet Asset Mgmt holds 0.01% or 25,899 shares in its portfolio. Natl Bank Of Ny Mellon Corp reported 775,108 shares or 0.01% of all its holdings. Gabelli Funds Ltd Llc accumulated 0.02% or 68,000 shares. Advsrs Asset Mngmt Inc accumulated 0% or 3,188 shares. Blackrock Institutional Tru Na, a California-based fund reported 1.67 million shares. Voya Investment Management Lc last reported 0.09% of its portfolio in the stock.

Insider Transactions: Since July 28, 2016, the stock had 0 insider purchases, and 5 insider sales for $2.85 million net activity. Weber Robert F Jr also sold $1.16M worth of Woodward Inc (NASDAQ:WWD) shares. Fawzy Christopher sold 6,000 shares worth $355,801. The insider Preiss Chad Robert sold $472,046. Shares for $382,898 were sold by Rittenberg Larry E. PETROVICH MARY L also sold $479,993 worth of Woodward Inc (NASDAQ:WWD) on Thursday, July 28.

More recent Woodward Inc (NASDAQ:WWD) news were published by: Streetinsider.com which released: “Form 4 Woodward, Inc. For: Nov 18 Filed by: Preiss Chad Robert” on November 22, 2016. Also Reuters.com published the news titled: “BRIEF-Woodward Inc reports Q4 earnings per share $0.99” on November 14, 2016. Nasdaq.com‘s news article titled: “Woodward, Inc. (WWD) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 2016 was also an interesting one.

WWD Company Profile

Woodward, Inc., incorporated on November 18, 1976, is a designer, manufacturer, and service well-known provider of energy controls and optimization solutions. The Firm has production and assembly facilities in the United States, Europe and Asia, and promotes its services and products through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Firm focuses primarily on original equipment manufacturers (OEMs) and equipment packagers, partnering with them to bring component and system solutions to their demanding applications. The Firm operates in two divisions: Aerospace and Energy. The Firm also provides aftermarket repair, replacement and other service support for its installed products.

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