The stock price of Woodward Inc (NASDAQ: WWD) has surged by 0.09 when compared to previous closing price of 149.61, but the company has seen a 2.00% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Woodward’s (WWD) fiscal second-quarter performance is likely to have gained from solid momentum across Aerospace and Industrial business segments.
Is It Worth Investing in Woodward Inc (NASDAQ: WWD) Right Now?
Woodward Inc (NASDAQ: WWD) has a higher price-to-earnings ratio of 31.58x compared to its average ratio. WWD has 36-month beta value of 1.34. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for WWD is 56.29M, and currently, short sellers hold a 2.35% ratio of that float. The average trading volume of WWD on April 26, 2024 was 385.24K shares.
WWD’s Market Performance
The stock of Woodward Inc (WWD) has seen a 2.00% increase in the past week, with a -1.13% drop in the past month, and a 9.84% gain in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.40% for WWD. The simple moving average for the last 20 days is -1.10% for WWD stock, with a simple moving average of 11.67% for the last 200 days.
Analysts’ Opinion of WWD
Many brokerage firms have already submitted their reports for WWD stocks, with Alembic Global Advisors repeating the rating for WWD by listing it as a “Neutral.” The predicted price for WWD in the upcoming period, according to Alembic Global Advisors is $148 based on the research report published on February 01, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see WWD reach a price target of $153, previously predicting the price at $105. The rating they have provided for WWD stocks is “Buy” according to the report published on January 10th, 2024.
UBS gave a rating of “Buy” to WWD, setting the target price at $152 in the report published on October 11th of the previous year.
WWD Trading at 1.94% from the 50-Day Moving Average
After a stumble in the market that brought WWD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.87% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -3.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.05% upper at present.
During the last 5 trading sessions, WWD rose by +2.00%, which changed the moving average for the period of 200-days by +24.70% in comparison to the 20-day moving average, which settled at $151.13. In addition, Woodward Inc saw 10.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WWD starting from Cromwell Thomas G, who sale 38,700 shares at the price of $141.98 back on Mar 01 ’24. After this action, Cromwell Thomas G now owns 11,833 shares of Woodward Inc, valued at $5,494,750 using the latest closing price.
Fawzy Christopher, the EVP, Gen Counsel & Corp Sec of Woodward Inc, sale 11,000 shares at $140.00 during a trade that took place back on Feb 28 ’24, which means that Fawzy Christopher is holding 4,836 shares at $1,540,000 based on the most recent closing price.
Stock Fundamentals for WWD
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.25 for the gross margin
The net margin for Woodward Inc stands at 0.09. The total capital return value is set at 0.11. Equity return is now at value 14.18, with 7.30 for asset returns.
Based on Woodward Inc (WWD), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 7.85.
Currently, EBITDA for the company is 328.84 million with net debt to EBITDA at 1.39. When we switch over and look at the enterprise to sales, we see a ratio of 3.12. The receivables turnover for the company is 3.91for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.65.
Conclusion
To put it simply, Woodward Inc (WWD) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
