Tomorrow Is Not Likely To Be Same For Woodward Inc (WWD)

Woodward Inc (WWD) concluded trading on Thursday at a closing price of $154.12, with 0.48 million shares of worth about $74.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.34% during that period and on March 28, 2024 the price saw a loss of about -0.75%. Currently the company’s common shares owned by public are about 59.84M shares, out of which, 56.29M shares are available for trading.

Stock saw a price change of 3.27% in past 5 days and over the past one month there was a price change of 9.62%. Year-to-date (YTD), WWD shares are showing a performance of 13.22% which increased to 61.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $91.42 but also hit the highest price of $155.37 during that period. The average intraday trading volume for Woodward Inc shares is 334.69K. The stock is currently trading 4.43% above its 20-day simple moving average (SMA20), while that difference is up 8.77% for SMA50 and it goes to 17.87% higher than SMA200.

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Woodward Inc (NASDAQ: WWD) currently have 59.84M outstanding shares and institutions hold larger chunk of about 81.65% of that.

The stock has a current market capitalization of $9.29B and its 3Y-monthly beta is at 1.36. PE ratio of stock for trailing 12 months is 32.50, while it has posted earnings per share of $4.74 in the same period. Its PEG reads 1.67 and has Quick Ratio of 1.69 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WWD, volatility over the week remained 1.66% while standing at 1.91% over the month.

Analysts are in expectations that Woodward Inc (WWD) stock would likely to be making an EPS of $1.33 in the current quarter, while forecast for next quarter EPS is $1.27 and it is $5.98 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.2 which is $1.46 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 27.50% while it is estimated to increase by 11.76% in next year. EPS is likely to grow at an annualized rate of 19.51% for next 5-years, compared to annual growth of 6.00% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alembic Global Advisors on February 01, 2024 offering a Neutral rating for the stock and assigned a target price of $148 to it. Coverage by Goldman stated Woodward Inc (WWD) stock as a Buy in their note to investors on January 10, 2024, suggesting a price target of $153 for the stock. On October 11, 2023, UBS Initiated their recommendations, while on September 28, 2023, Deutsche Bank Initiated their ratings for the stock with a price target of $152. Stock get an Outperform rating from TD Cowen on September 05, 2023.

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