Woodward Inc (WWD) is Reiterated by Maxim Group to Buy, Raises Price Target to $ 70

Woodward Inc (WWD) was Reiterated by Maxim Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 70 from a previous price target of $60 . Maxim Group advised their investors in a research report released on Jul 15, 2016.

On the company’s financial health, Woodward Inc reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus of $0.67. The company had revenue of $479.00 million for the quarter, compared to analysts expectations of $495.62 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Woodward Inc (WWD) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $60.26 and reached the intraday high at $60.43. The bulls started the profit booking and pushed the shares to intraday low of $59.68. The trading session was marked by a volume range of 1,71,404 shares exchanging hands. The 52-week high of the shares is $60.43 and the 52-week low is $39.68. The market cap of the company stands at $3,658 M and there are 6,11,03,960 shares in public circulation.

In a different news, on May 3, 2016, Thomas A Gendron (President and CEO) sold 74,000 shares at $54.52 per share price. According to the SEC, on Apr 29, 2016, Robert F Jr Weber (CFO & Treasurer) sold 18,700 shares at $54.89 per share price. On Apr 29, 2016, James D Rudolph (President, Ind. Turb. Systems) sold 16,500 shares at $54.93 per share price, according to the Form-4 filing with the securities and exchange commission.

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

Woodward Inc

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