Woodward, Inc. (NASDAQ:WWD) announced its earnings results on Monday. The technology company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.09, Briefing.com reports. Woodward had a net margin of 9.74% and a return on equity of 16.41%. The business had revenue of $548.62 million during the quarter, compared to analysts’ expectations of $530.89 million. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Woodward updated its FY17 guidance to $3.05-3.15 EPS.

Shares of Woodward (WWD) opened at 68.88 on Tuesday. The stock has a 50 day moving average of $68.67 and a 200-day moving average of $68.63. Woodward has a 52 week low of $57.02 and a 52 week high of $72.28. The stock has a market capitalization of $4.22 billion, a PE ratio of 21.99 and a beta of 1.20.

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In related news, Director Mary L. Petrovich purchased 7,300 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was bought at an average price of $68.35 per share, with a total value of $498,955.00. Following the acquisition, the director now owns 22,204 shares in the company, valued at $1,517,643.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total transaction of $498,675.00. Following the completion of the sale, the chief financial officer now directly owns 34,053 shares of the company’s stock, valued at approximately $2,264,183.97. The disclosure for this sale can be found here. 5.93% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Woodward by 20,843.7% in the first quarter. BlackRock Inc. now owns 5,613,757 shares of the technology company’s stock valued at $381,285,000 after buying an additional 5,586,953 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Woodward by 7.1% in the first quarter. Vanguard Group Inc. now owns 4,576,108 shares of the technology company’s stock valued at $310,809,000 after buying an additional 303,863 shares during the last quarter. State Street Corp raised its stake in shares of Woodward by 4.3% in the first quarter. State Street Corp now owns 1,746,742 shares of the technology company’s stock valued at $118,641,000 after buying an additional 72,443 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Woodward by 14.0% in the first quarter. Bank of New York Mellon Corp now owns 885,229 shares of the technology company’s stock valued at $60,124,000 after buying an additional 108,955 shares during the last quarter. Finally, Snyder Capital Management L P raised its stake in shares of Woodward by 8.2% in the first quarter. Snyder Capital Management L P now owns 836,047 shares of the technology company’s stock valued at $56,784,000 after buying an additional 63,709 shares during the last quarter. 71.17% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. BidaskClub cut shares of Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Wood & Company reissued a “buy” rating and issued a $80.00 price objective on shares of Woodward in a research note on Tuesday. Stephens assumed coverage on shares of Woodward in a research note on Thursday, April 13th. They issued an “overweight” rating and a $82.00 price objective for the company. Finally, CIBC assumed coverage on shares of Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective for the company. One investment 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. The company currently has a consensus rating of “Hold” and an average target price of $73.89.

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.

Earnings History for Woodward (NASDAQ:WWD)

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