Woodward Inc. (WWD) Now Covered by Analysts at Barrington Research
A number of other research firms have also weighed in on WWD. Maxim Group upped their price objective on Woodward from $60.00 to $70.00 and gave the stock a buy rating in a research note on Friday, July 15th. Jefferies Group reaffirmed a hold rating and issued a $59.00 price objective (up previously from $54.00) on shares of Woodward in a research note on Thursday, June 2nd. Finally, Zacks Investment Research lowered Woodward from a hold rating to a sell rating in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $60.25.
Woodward (NASDAQ:WWD) opened at 60.62 on Friday. The stock’s 50 day moving average price is $60.89 and its 200 day moving average price is $56.70. Woodward has a 12 month low of $39.68 and a 12 month high of $63.98. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 23.10 and a beta of 1.33.
Woodward (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.05. Woodward had a return on equity of 15.53% and a net margin of 8.40%. The business earned $508 million during the quarter, compared to analyst estimates of $521.70 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. Woodward’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Woodward will post $2.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be given a $0.11 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. Woodward’s dividend payout ratio is currently 16.73%.
In other Woodward news, VP Christopher Fawzy sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $59.30, for a total transaction of $355,800.00. Following the sale, the vice president now directly owns 9,506 shares in the company, valued at $563,705.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary L. Petrovich sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $58.54, for a total value of $480,028.00. The disclosure for this sale can be found here. 6.18% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of WWD. Geode Capital Management LLC boosted its position in Woodward by 2.9% in the first quarter. Geode Capital Management LLC now owns 394,102 shares of the company’s stock worth $20,501,000 after buying an additional 11,282 shares in the last quarter. Norges Bank acquired a new position in Woodward during the fourth quarter worth approximately $33,224,000. Geneva Advisors LLC boosted its position in Woodward by 6.6% in the second quarter. Geneva Advisors LLC now owns 18,497 shares of the company’s stock worth $1,066,000 after buying an additional 1,144 shares in the last quarter. Prudential Financial Inc. boosted its position in Woodward by 16.6% in the first quarter. Prudential Financial Inc. now owns 43,939 shares of the company’s stock worth $2,286,000 after buying an additional 6,258 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Woodward by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,631 shares of the company’s stock worth $1,021,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 75.09% of the company’s stock.
Woodward Company Profile
Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets.
Receive News & Ratings for Woodward Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc. and related companies with MarketBeat.com's FREE daily email newsletter.