Woodward Inc. (WWD) Now Covered by Barrington Research
Investment analysts at Barrington Research assumed coverage on shares of Woodward Inc. (NASDAQ:WWD) in a research note issued to investors on Friday. The brokerage set a “market perform” rating on the stock.
Several other analysts also recently commented on the company. Maxim Group increased 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. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Jefferies Group set a $59.00 price objective on Woodward and gave the stock a “hold” rating in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.75.
Shares of Woodward (NASDAQ:WWD) opened at 60.08 on Friday. The company’s 50-day moving average price is $60.76 and its 200 day moving average price is $56.60. Woodward has a 12-month low of $39.68 and a 12-month high of $63.98. The firm has a market capitalization of $3.69 billion, a PE ratio of 22.90 and a beta of 1.33.
Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.76 by $0.05. The firm earned $508 million during the quarter, compared to the consensus estimate of $521.70 million. Woodward had a return on equity of 15.53% and a net margin of 8.40%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities analysts forecast that Woodward will post $2.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, November 9th. Woodward’s dividend payout ratio is presently 16.73%.
In other Woodward news, Director Mary L. Petrovich sold 8,200 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $58.54, for a total transaction of $480,028.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Fawzy sold 6,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $59.30, for a total value of $355,800.00. Following the transaction, the vice president now directly owns 9,506 shares of the company’s stock, valued at $563,705.80. The disclosure for this sale can be found here. 6.18% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Woodward by 2.9% in the first quarter. Geode Capital Management LLC now owns 394,102 shares of the company’s stock valued at $20,501,000 after buying an additional 11,282 shares during the period. Lazard Asset Management LLC raised its position in shares of Woodward by 4.1% in the first quarter. Lazard Asset Management LLC now owns 404,597 shares of the company’s stock valued at $21,047,000 after buying an additional 15,910 shares during the period. Palisade Capital Management LLC NJ raised its position in shares of Woodward by 38.5% in the first quarter. Palisade Capital Management LLC NJ now owns 390,584 shares of the company’s stock valued at $20,318,000 after buying an additional 108,662 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of Woodward during the first quarter valued at $973,000. Finally, BlackRock Group LTD raised its position in shares of Woodward by 25.1% in the first quarter. BlackRock Group LTD now owns 36,227 shares of the company’s stock valued at $1,884,000 after buying an additional 7,278 shares during the period. 75.55% of the stock is owned by institutional investors and hedge funds.
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.
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