Woodward Inc (NASDAQ:WWD) – Research analysts at Barrington Research issued their FY2018 earnings per share estimates for shares of Woodward in a research note issued on Wednesday. Barrington Research analyst R. Hokanson expects that the technology company will post earnings per share of $3.37 for the year.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, topping 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 firm had revenue of $606.79 million during the quarter, compared to analyst estimates of $596.99 million. During the same period last year, the company posted $0.99 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year.

WWD has been the subject of several other reports. BidaskClub upgraded Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Zacks Investment Research lowered Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Cowen reiterated a “hold” rating and set a $62.00 price target on shares of Woodward in a report on Sunday, December 10th. Wood & Company lowered Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Finally, SunTrust Banks lifted their price target on Woodward to $77.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $79.25.

Shares of Woodward (NASDAQ WWD) opened at $80.50 on Friday. The stock has a market capitalization of $5,000.00, a PE ratio of 25.47, a PEG ratio of 1.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39. Woodward has a 1-year low of $65.22 and a 1-year high of $84.23.

In related news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the transaction, the director now directly owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.17% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of WWD. Riverhead Capital Management LLC raised its stake in shares of Woodward by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,897 shares of the technology company’s stock valued at $331,000 after acquiring an additional 1,897 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Woodward by 198.3% in the 2nd quarter. Teachers Advisors LLC now owns 304,107 shares of the technology company’s stock valued at $20,552,000 after acquiring an additional 202,175 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Woodward by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 165,352 shares of the technology company’s stock valued at $11,174,000 after acquiring an additional 1,046 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Woodward by 8.3% in the 2nd quarter. Nationwide Fund Advisors now owns 189,396 shares of the technology company’s stock valued at $12,799,000 after acquiring an additional 14,550 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Woodward by 5.1% in the 2nd quarter. Amalgamated Bank now owns 7,684 shares of the technology company’s stock valued at $519,000 after acquiring an additional 373 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

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About Woodward

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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