A number of other brokerages also recently issued reports on WWD. BidaskClub raised Woodward from a buy rating to a strong-buy rating in a report on Friday, September 29th. Zacks Investment Research raised Woodward from a sell rating to a hold rating in a report on Tuesday, September 26th. CIBC initiated coverage on Woodward in a report on Friday, July 14th. They issued an outperform rating and a $82.00 target price for the company. Finally, Oppenheimer Holdings, Inc. initiated coverage on Woodward in a research report on Friday, July 14th. They set an outperform rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Woodward has a consensus rating of Hold and a consensus price target of $75.75.
Shares of Woodward (NASDAQ:WWD) opened at $79.22 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 2.39. The stock has a market capitalization of $4,857.53, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.24. Woodward has a one year low of $62.90 and a one year high of $82.94.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business had revenue of $606.79 million during the quarter, compared to analysts’ expectations of $596.99 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. equities analysts expect that Woodward will post 3.4 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio is presently 15.82%.
In related news, Director John A. Halbrook sold 1,800 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $70.60, for a total value of $127,080.00. Following the completion of the sale, the director now directly owns 345,721 shares in the company, valued at approximately $24,407,902.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Halbrook sold 8,700 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $70.02, for a total value of $609,174.00. Following the completion of the sale, the director now owns 350,521 shares of the company’s stock, valued at $24,543,480.42. The disclosure for this sale can be found here. Corporate insiders own 5.93% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after acquiring an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Woodward during the third quarter valued at about $203,000. Public Employees Retirement System of Ohio grew its stake in shares of Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after acquiring an additional 171 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Woodward during the second quarter valued at about $213,000. Institutional investors own 71.31% of the company’s stock.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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