Woodward Inc. (NASDAQ: WWD) Stock Upgraded at Zacks Investment Research

Analysts at Zacks Investment Research upgraded shares of Woodward Inc. (NASDAQ: WWD) from Hold to Buy today. The company currently has a rating of Buy on the stock. The one-year price target of $59.75 is a decrease compared to the opening price of $60.57, resulting a fair amount of other analysts to issue statements on the company recently. Looking back over the last 52 weeks, Woodward Inc. stock has a high of $63.98. Typically, after analysts issue an upgrade report on a stock, they will later issue sporadic updates, such as a price target change.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Yesterday Woodward Inc. (NASDAQ: WWD) shares last traded at $60.02, which is a decrease of $0.06 compared to the previous closing price. Opening at $60.57, they varied from $60.00 and $60.99 throughout the day.

Woodward Inc. (NASDAQ: WWD) currently has a market cap of 3.69B.

The stock’s average daily volume is 252,133 shares out of a total float 55,189,000 and some 205,923 shares crossed the trading desk yesterday, 21 percent lower than normal. Investors often use swings in trading volume to determine substantial volume accumulation or circulation by institutional investors, so trading volume is likely to increase in the next few days.

As with all possible breakouts, investors look for volume to be at least 40%-50% above normal on the breakout to show that fund managers and other professional investors are jumping in.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These professional investors have substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.

Trades for Woodward Inc. (NASDAQ: WWD) have ranged from $39.68 – 63.98, and the stock now has a 50-day MA of $60.80 and 200-day MA of $56.67. Today’s last price is 0.06% below the 52 week high of $63.98.

Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors identify companies that have been successful at growing their earnings at least 25% or more over the past 3 years.

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