In a report released today, Michael Ciarmoli from Truist Financial reiterated a Buy rating on Woodward (WWD – Research Report). The company’s shares closed yesterday at $179.29.
Ciarmoli covers the Industrials sector, focusing on stocks such as AAR, Astronics, and Curtiss-Wright. According to TipRanks, Ciarmoli has an average return of 17.4% and a 66.82% success rate on recommended stocks.
In addition to Truist Financial, Woodward also received a Buy from Jefferies’s Sheila Kahyaoglu in a report issued on November 18. However, yesterday, Wells Fargo maintained a Hold rating on Woodward (NASDAQ: WWD).
Based on Woodward’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $847.69 million and a net profit of $102.08 million. In comparison, last year the company earned a revenue of $800.66 million and had a net profit of $84.6 million
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Woodward (WWD) Company Description:
Woodward, Inc. engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the Aerospace and Industrial segment. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, combustion and motion control. The Industrial segment includes the design and services systems and products for the management of fuel, air, fluids, gases, electricity, motion, and combustion. The company was founded by Amos W. Woodward in 1870 and is headquartered in Fort Collins, CO.
