Woodward Inc. (WWD) Now Covered by Barrington Research
Stock analysts at Barrington Research initiated coverage on shares of Woodward Inc. (NASDAQ:WWD) in a note issued to investors on Friday. The brokerage set a “market perform” rating on the stock.
WWD has been the subject of several other reports. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Maxim Group increased their target price on Woodward from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 15th. Finally, Jefferies Group set a $59.00 target price on Woodward and gave the stock a “hold” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Woodward presently has a consensus rating of “Hold” and an average target price of $54.75.
Woodward (NASDAQ:WWD) opened at 60.07 on Friday. Woodward has a 1-year low of $39.68 and a 1-year high of $63.98. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 22.89 and a beta of 1.33. The firm’s 50-day moving average price is $60.68 and its 200-day moving average price is $56.32.
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Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. On average, equities research analysts anticipate that Woodward will post $2.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 11th. Woodward’s dividend payout ratio (DPR) is 16.73%.
In related news, VP Christopher Fawzy sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $59.30, for a total value of $355,800.00. Following the completion of the transaction, the vice president now directly owns 9,506 shares of the company’s stock, valued at approximately $563,705.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary L. Petrovich sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $58.54, for a total value of $480,028.00. The disclosure for this sale can be found here. Insiders own 6.18% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in WWD. Geode Capital Management LLC increased its position in 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 last quarter. Lazard Asset Management LLC boosted its stake 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 worth $21,047,000 after buying an additional 15,910 shares during the period. Palisade Capital Management LLC NJ boosted its stake 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 worth $20,318,000 after buying an additional 108,662 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Woodward during the first quarter worth approximately $973,000. Finally, BlackRock Group LTD boosted its stake in shares of Woodward by 25.1% in the first quarter. BlackRock Group LTD now owns 36,227 shares of the company’s stock worth $1,884,000 after buying an additional 7,278 shares during the period. 75.55% of the stock is owned by hedge funds and other institutional investors.
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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