Cowen & Co. Gives a Hold Rating to Woodward

By Carrie Williams

In a report released today, Gautam Khanna from Cowen & Co. assigned a Hold rating to Woodward (NASDAQ: WWD), with a price target of $62. The company’s shares opened today at $79.15.

Khanna noted:

“GE Power’s guidance reduction and prospective efforts to pare back on already-.”

According to, Khanna is a 5-star analyst with an average return of 11.1% and a 72.6% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Transdigm Group Inc, and Huntington Ingalls.

Currently, the analyst consensus on Woodward is Hold and the average price target is $72.33, representing a -8.6% downside.

In a report issued on November 9, SunTrust Robinson also maintained a Hold rating on the stock with a $77 price target.

Based on Woodward’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $607 million and quarterly net profit of $62.23 million. In comparison, last year the company earned revenue of $591 million and had a net profit of $63.15 million.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, John Halbrook, a Director at WWD sold 8,700 shares for a total of $609,143.

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Woodward, Inc. is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company operates through the Aerospace and Industrial Segments.