Somewhat Positive Press Coverage Somewhat Unlikely to Affect Woodward (WWD) Stock Price
News stories about Woodward (NASDAQ:WWD) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Woodward earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.9662804295517 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Head to Head Analysis: Woodward (WWD) and Its Peers (americanbankingnews.com)
- Critical Contrast: Woodward (WWD) and Its Rivals (americanbankingnews.com)
- Brokerages Anticipate Woodward, Inc. (WWD) Will Announce Quarterly Sales of $599.37 Million (americanbankingnews.com)
- Analyzing Woodward (WWD) and The Competition (americanbankingnews.com)
- Contrasting Milacron Holdings Corp. (MCRN) & Woodward (WWD) (americanbankingnews.com)
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub lowered shares of Woodward from a “hold” rating to a “sell” rating in a report on Monday, July 24th. CL King assumed coverage on shares of Woodward in a report on Thursday, June 22nd. They issued a “buy” rating and a $79.00 price objective for the company. Oppenheimer Holdings, Inc. assumed coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective for the company. Finally, Wood & Company assumed coverage on shares of Woodward in a report on Thursday, July 13th. They issued an “outperform” rating and a $82.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.89.
Shares of Woodward (NASDAQ:WWD) opened at 72.40 on Friday. The firm’s 50-day moving average is $69.62 and its 200-day moving average is $68.71. Woodward has a 52-week low of $57.09 and a 52-week high of $72.97. The firm has a market cap of $4.44 billion, a P/E ratio of 22.77 and a beta of 1.21.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The firm had revenue of $548.62 million during the quarter, compared to the consensus estimate of $530.89 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Analysts anticipate that Woodward will post $3.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were given a $0.125 dividend. The ex-dividend date was Friday, August 18th. This represents a $0.50 annualized dividend and a yield of 0.69%. Woodward’s payout ratio is currently 15.77%.
In other Woodward news, Director John A. Halbrook sold 1,800 shares of the business’s stock in a transaction that occurred 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 owns 345,721 shares in the company, valued at $24,407,902.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Halbrook sold 8,700 shares of the business’s stock in a transaction that occurred 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 approximately $24,543,480.42. The disclosure for this sale can be found here. Insiders sold 16,200 shares of company stock valued at $1,138,389 in the last quarter. Corporate insiders own 5.93% of the company’s stock.
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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