Woodward Inc (WWD) is Initiated by Barrington Research to Mkt Perform

Woodward Inc (WWD) was Initiated by Barrington Research to “Mkt Perform”. Barrington Research advised their investors in a research report released on Sep 16, 2016.

Many Wall Street Analysts have commented on Woodward Inc. Company shares were Reiterated by Maxim Group on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .

On the company’s financial health, Woodward Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.76. The company had revenue of $508.00 million for the quarter, compared to analysts expectations of $520.18 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Woodward Inc closed down -0.26 points or -0.44% at $59.43 with 175,157 shares getting traded on Wednesday. Post opening the session at $59.55, the shares hit an intraday low of $58.99 and an intraday high of $60.12 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 11, 2016, Christopher Fawzy (VP, Gen Counsel & Corp Sec) sold 6,000 shares at $59.30 per share price. According to the SEC, on Jul 29, 2016, Mary L Petrovich (director) sold 8,200 shares at $58.54 per share price. On May 3, 2016, Thomas A Gendron (President and CEO) sold 74,000 shares at $54.52 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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