Woodward, Inc.Common Stock (NASDAQ:WWD) – Jefferies Financial Group lifted their Q2 2020 earnings estimates for shares of Woodward, Inc.Common Stock in a research note issued on Wednesday, December 4th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the technology company will post earnings of $1.48 per share for the quarter, up from their prior forecast of $1.44. Jefferies Financial Group currently has a “Buy” rating and a $135.00 target price on the stock. Jefferies Financial Group also issued estimates for Woodward, Inc.Common Stock’s Q3 2020 earnings at $1.50 EPS, Q4 2020 earnings at $1.57 EPS, FY2020 earnings at $5.60 EPS and FY2021 earnings at $6.35 EPS.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings results on Monday, November 18th. The technology company reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.07). The firm had revenue of $736.54 million for the quarter, compared to analyst estimates of $746.21 million. Woodward, Inc.Common Stock had a net margin of 8.95% and a return on equity of 18.62%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share.
A number of other research analysts also recently commented on the company. Wood & Company restated a “sell” rating on shares of Woodward, Inc.Common Stock in a research note on Monday, August 26th. ValuEngine upgraded Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. BidaskClub upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, Barrington Research downgraded Woodward, Inc.Common Stock from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $119.75.
WWD stock opened at $121.80 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The firm has a market cap of $7.56 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.69 and a beta of 1.33. Woodward, Inc.Common Stock has a 12-month low of $68.40 and a 12-month high of $122.71. The stock’s 50 day simple moving average is $113.01 and its 200 day simple moving average is $110.76.
Several large investors have recently added to or reduced their stakes in WWD. Invesco Ltd. grew its stake in shares of Woodward, Inc.Common Stock by 257.5% in the second quarter. Invesco Ltd. now owns 1,034,100 shares of the technology company’s stock worth $117,020,000 after purchasing an additional 744,802 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Woodward, Inc.Common Stock by 793.2% in the second quarter. JPMorgan Chase & Co. now owns 754,053 shares of the technology company’s stock worth $85,268,000 after purchasing an additional 669,635 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Woodward, Inc.Common Stock in the second quarter worth $55,453,000. Nuveen Asset Management LLC bought a new position in shares of Woodward, Inc.Common Stock in the second quarter worth $51,503,000. Finally, Morgan Stanley grew its stake in shares of Woodward, Inc.Common Stock by 349.0% in the second quarter. Morgan Stanley now owns 410,813 shares of the technology company’s stock worth $46,487,000 after purchasing an additional 319,326 shares in the last quarter. 73.71% of the stock is owned by institutional investors.
In other news, CEO Thomas A. Gendron sold 8,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $120.07, for a total value of $1,020,595.00. Following the completion of the transaction, the chief executive officer now owns 234,870 shares of the company’s stock, valued at $28,200,840.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas A. Gendron sold 1,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $112.50, for a total value of $112,500.00. Following the completion of the transaction, the chief executive officer now directly owns 227,390 shares of the company’s stock, valued at approximately $25,581,375. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,480 shares of company stock valued at $3,484,367. 4.61% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.162 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 0.53%. Woodward, Inc.Common Stock’s payout ratio is currently 13.32%.
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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