Woodward (WWD) Receiving Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Woodward (NASDAQ:WWD) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Woodward earned a news impact score of 0.23 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 46.8810124144462 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of brokerages have weighed in on WWD. Cowen restated a “hold” rating and issued a $62.00 price objective on shares of Woodward in a report on Sunday. SunTrust Banks upped their price objective on shares of Woodward to $77.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. BidaskClub cut shares of Woodward from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Oppenheimer restated a “market perform” rating and issued a $82.00 price objective on shares of Woodward in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Woodward currently has an average rating of “Hold” and a consensus target price of $77.71.
Woodward (WWD) traded down $0.67 during trading hours on Monday, hitting $74.49. 274,776 shares of the stock were exchanged, compared to its average volume of 276,995. Woodward has a 1 year low of $65.22 and a 1 year high of $82.94. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4,602.68, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.
Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The firm had revenue of $606.79 million for the quarter, compared to analysts’ expectations of $596.99 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. sell-side analysts forecast that Woodward will post 3.4 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Friday, November 10th. Woodward’s payout ratio is 15.82%.
In other news, Director Mary L. Petrovich sold 5,700 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the sale, the director now owns 27,904 shares in the company, valued at $2,223,669.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.93% of the company’s stock.
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Woodward Company Profile
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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