Moody’s upgrades Agnico Eagle’s rating to A3 on debt reduction
Investing.com - UBS raised its price target on Woodward (NASDAQ:WWD) to $299.00 from $283.00 on Tuesday, while maintaining a Buy rating on the aerospace components manufacturer. The new target represents potential upside from the current price of $264.75, though InvestingPro analysis suggests the stock is trading above its Fair Value.
The price target increase follows Woodward’s fiscal third-quarter results, which showed 30% growth in the aftermarket segment despite facing a challenging 20% comparison from the previous year. The company’s strong performance is reflected in its impressive YTD return of 55.77% and healthy gross profit margin of 25.83%.
UBS noted that Woodward has secured significant content wins on the mature Airbus A350 program, which will provide another growth avenue later this decade, though it will require substantial capital investment.
The investment bank believes Woodward’s strategic expansion into widebody aircraft, airframe components, and increased Airbus exposure positions the company for long-term revenue growth and margin expansion.
Despite high expectations before the earnings report, UBS indicated that Woodward is still in the "early innings" of growth driven by next-generation engine aftermarket opportunities, with potential for cumulative free cash flow generation exceeding current consensus estimates.
In other recent news, Woodward Inc. reported strong financial results for its third fiscal quarter of 2025. The company exceeded earnings expectations with an earnings per share (EPS) of $1.76, surpassing the forecasted $1.63, marking a positive surprise of nearly 8%. Revenue also surpassed projections, reaching $915 million compared to the anticipated $887.06 million. Following these results, TD Cowen adjusted its price target for Woodward, raising it from $260 to $290 while maintaining a Hold rating. The adjustment was influenced by a 3% sales beat and an earnings per share increase attributed to a lower tax rate. These developments highlight Woodward’s ability to outperform financial forecasts and maintain investor interest.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.