Woodward (WWD) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Woodward in the last year. There are currently 1 sell rating, 4 hold ratings and 4 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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9 brokerages have issued 1-year target prices for Woodward's shares. Their WWD share price forecasts range from $100.00 to $160.00. On average, they expect the company's share price to reach $127.44 in the next year. This suggests a possible upside of 1.2% from the stock's current price.
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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 30.4% and is now trading at $125.94.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
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Woodward, Inc. (NASDAQ:WWD) posted its earnings results on Monday, July, 31st. The technology company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.40. The technology company had revenue of $800.66 million for the quarter, compared to analysts' expectations of $703.49 million. Woodward had a trailing twelve-month return on equity of 11.46% and a net margin of 7.34%. The firm's quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share.

Woodward declared a quarterly dividend on Monday, September 25th. Stockholders of record on Monday, November 20th will be given a dividend of $0.22 per share on Monday, December 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, November 17th.
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), Gabelli Commercial Aerospace & Defense ETF (GCAD), 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. Value Fund (WTV) and WisdomTree U.S. Quality Shareholder Yield Fund (QSY).

Woodward (NASDAQ:WWD) pays an annual dividend of $0.88 per share and currently has a dividend yield of 0.71%. 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 26.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WWD will have a dividend payout ratio of 19.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WWD.

Woodward updated its FY23 earnings guidance on Monday, July, 31st. The company provided earnings per share (EPS) guidance of $4.05-$4.25 for the period, compared to the consensus estimate of $3.62. The company issued revenue guidance of $2.85-$2.90 billion, compared to the consensus revenue estimate of $2.77 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 many different retail and institutional investors. Top institutional investors include Capital Research Global Investors (11.70%), BlackRock Inc. (9.97%), State Street Corp (3.67%), Cooke & Bieler LP (2.84%), Earnest Partners LLC (1.67%) and Brown Advisory Inc. (1.58%). Insiders that own company stock include 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 $125.94.

Woodward (NASDAQ:WWD) has a market capitalization of $7.61 billion and generates $2.38 billion in revenue each year. The technology company earns $171.70 million in net income (profit) each year or $3.32 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.