Analyst Gavin Parsons from UBS maintained a Buy rating on Woodward and keeping the price target at $299.00.
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Gavin Parsons has given his Buy rating due to a combination of factors that suggest positive growth prospects for Woodward. One of the key reasons is the strong performance in the China LNG Heavy Duty Truck market, where sales have shown significant year-over-year growth. This indicates a robust demand that could positively impact Woodward’s revenue, especially considering the favorable economic conditions for LNG compared to diesel.
Additionally, Parsons notes that Woodward’s revenue guidance for the China truck segment appears to be de-risked, taking into account the recent market weaknesses. The company’s ability to maintain or potentially exceed its revenue and EBIT targets in the coming fiscal year further supports the Buy rating. The anticipated peak season for LNG and electric heavy-duty trucks in Q4, driven by low LNG costs and increased demand, also contributes to a positive outlook for Woodward.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $269.00 price target.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WWD in relation to earlier this year.