Shares of Woodward, Inc.Common Stock (NASDAQ:WWD) have received an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $90.86.
A number of analysts have commented on the stock. SunTrust Banks cut shares of Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating and set a $47.00 price target for the company. in a research note on Wednesday, July 15th. Credit Suisse Group lifted their price target on shares of Woodward, Inc.Common Stock from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, August 7th. upgraded shares of Woodward, Inc.Common Stock from a “neutral” rating to an “overweight” rating in a research report on Tuesday, June 9th. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “strong sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research report on Monday, June 8th. Finally, Barclays boosted their price target on shares of Woodward, Inc.Common Stock from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th.
NASDAQ WWD opened at $84.75 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.31 and a quick ratio of 1.36. The firm has a market capitalization of $5.29 billion, a PE ratio of 21.84, a P/E/G ratio of 1.62 and a beta of 1.53. Woodward, Inc.Common Stock has a 12 month low of $46.51 and a 12 month high of $129.06. The company’s 50 day simple moving average is $82.33 and its 200 day simple moving average is $73.47.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.14. Woodward, Inc.Common Stock had a net margin of 9.25% and a return on equity of 15.51%. The firm had revenue of $524.00 million for the quarter, compared to analysts’ expectations of $512.60 million. During the same period in the previous year, the company posted $1.30 EPS. The company’s quarterly revenue was down 30.3% compared to the same quarter last year. Sell-side analysts anticipate that Woodward, Inc.Common Stock will post 3.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.0813 dividend. This represents a $0.33 annualized dividend and a dividend yield of 0.38%. This is a boost from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, August 14th. Woodward, Inc.Common Stock’s dividend payout ratio is 6.56%.
In related news, VP Christopher Fawzy sold 9,150 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $85.25, for a total value of $780,037.50. Also, Director Mary L. Petrovich sold 6,200 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $87.87, for a total transaction of $544,794.00. Following the transaction, the director now owns 26,700 shares in the company, valued at $2,346,129. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,924 shares of company stock worth $19,367,416. 4.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP increased its holdings in shares of Woodward, Inc.Common Stock by 33.5% during the second quarter. Two Sigma Advisers LP now owns 45,461 shares of the technology company’s stock valued at $3,526,000 after acquiring an additional 11,400 shares in the last quarter. Deccan Value Investors L.P. bought a new position in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at approximately $78,079,000. PNC Financial Services Group Inc. increased its position in shares of Woodward, Inc.Common Stock by 19.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 23,754 shares of the technology company’s stock valued at $1,843,000 after purchasing an additional 3,883 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Woodward, Inc.Common Stock by 109.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 398 shares of the technology company’s stock valued at $31,000 after purchasing an additional 208 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in shares of Woodward, Inc.Common Stock by 107.0% during the 2nd quarter. WCM Investment Management LLC now owns 112,761 shares of the technology company’s stock valued at $8,744,000 after purchasing an additional 58,298 shares during the last quarter. Institutional investors and hedge funds own 81.02% of the company’s stock.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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