Woodward (WWD) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Woodward in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WWD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WWD, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued 12-month target prices for Woodward's shares. Their WWD share price forecasts range from $74.00 to $127.00. On average, they predict the company's stock price to reach $104.25 in the next year. This suggests that the stock has a possible downside of 6.8%.
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Woodward's stock was trading at $96.61 at the start of the year. Since then, WWD stock has increased by 15.8% and is now trading at $111.89.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our WWD earnings forecast.

Woodward, Inc. (NASDAQ:WWD) announced its quarterly earnings data on Monday, May, 1st. The technology company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.24. The technology company had revenue of $718.21 million for the quarter, compared to analyst estimates of $648.42 million. Woodward had a net margin of 6.12% and a trailing twelve-month return on equity of 9.39%. The firm's revenue was up 22.4% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS.

Woodward announced a quarterly dividend on Friday, May 19th. Shareholders of record on Monday, May 22nd will be paid a dividend of $0.22 per share on Monday, June 5th. This represents a $0.88 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, May 19th.
Read our dividend analysis for WWD.

ETFs with the largest weight of Woodward (NASDAQ:WWD) stock in their portfolio include SPDR S&P Aerospace & Defense ETF (XAR), First Trust Indxx Aerospace & Defense ETF (MISL), iShares U.S. Aerospace & Defense ETF (ITA), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), Invesco Aerospace & Defense ETF (PPA), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), Unusual Whales Subversive Republican Trading ETF (KRUZ) and Global X U.S. Infrastructure Development ETF (PAVE).

Woodward (NASDAQ:WWD) pays an annual dividend of $0.88 per share and currently has a dividend yield of 0.78%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WWD will have a dividend payout ratio of 21.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WWD.

Woodward issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $3.50-$3.75 for the period, compared to the consensus estimate of $3.18. The company issued revenue guidance of $2.70 billion-$2.80 billion, compared to the consensus revenue estimate of $2.64 billion.

178 employees have rated Woodward Chief Executive Officer Thomas A. Gendron on Glassdoor.com. Thomas A. Gendron has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Woodward investors own include Tesla (TSLA), Alibaba Group (BABA), Boeing (BA), NVIDIA (NVDA), Verizon Communications (VZ), AbbVie (ABBV), Advanced Micro Devices (AMD), Caterpillar (CAT), Lockheed Martin (LMT) and Intuitive Surgical (ISRG).

Woodward trades on the NASDAQ under the ticker symbol "WWD."

Woodward's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.06%), State Street Corp (3.82%), Cooke & Bieler LP (2.85%), FMR LLC (1.65%), Brown Advisory Inc. (1.54%) and JPMorgan Chase & Co. (1.49%). Insiders that own company stock include Chad Robert Preiss, Charles P Blankenship, Christopher Fawzy, Daniel G Korte, David P Hess, David P Hess, Gregg C Sengstack, John D Cohn, Mark D Hartman, Mary L Petrovich, Paul Donovan, Rajeev Bhalla, Robert F Weber Jr, Ronald M Sega, Sagar A Patel, Terence J Voskuil and Thomas A Gendron.
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Shares of WWD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WWD stock can currently be purchased for approximately $111.89.

Woodward (NASDAQ:WWD) has a market capitalization of $6.68 billion and generates $2.38 billion in revenue each year. The technology company earns $171.70 million in net income (profit) each year or $2.59 on an earnings per share basis.

The company employs 8,300 workers across the globe.

Woodward's mailing address is 1081 WOODWARD WAY, FORT COLLINS CO, 80524. The official website for the company is www.woodward.com. The technology company can be reached via phone at (970) 482-5811, via email at investorrelations@woodward.com, or via fax at 970-498-3050.