Woodward Company Profile (NASDAQ:WWD)

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

Woodward declared a quarterly dividend on Wednesday, September 20th. Investors of record on Monday, November 13th will be paid a dividend of $0.125 per share on Monday, November 27th. This represents a $0.50 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, November 10th. View Woodward's Dividend History.

Woodward announced that its board has initiated a share repurchase plan on Wednesday, April 12th 2017, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 11.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Woodward, Inc. (NASDAQ:WWD) released its quarterly earnings results on Monday, July, 24th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The firm had revenue of $548.62 million for the quarter, compared to analysts' expectations of $530.89 million. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. View Woodward's Earnings History.

Woodward is scheduled to release their next quarterly earnings announcement on Monday, November, 13th 2017. View Earnings Estimates for Woodward.

Woodward updated its FY17 earnings guidance on Monday, July, 24th. The company provided earnings per share guidance of $3.05-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.13. The company issued revenue guidance of $2.1 billion, compared to the consensus revenue estimate of $2.09 billion.

8 brokerages have issued 12-month price targets for Woodward's stock. Their forecasts range from $62.00 to $82.00. On average, they expect Woodward's stock price to reach $74.75 in the next year. View Analyst Ratings for Woodward.

Here are some recent quotes from research analysts about Woodward stock:

• 1. Wood & Company analysts commented, "Aerospace galloped ahead of pace on broad strength, while mixed Industrial trends remained a net headwind, combining for overall net operating upside. The industrial outlook softened (more 4Q impact vs. 3Q). Aero performance in 3Q logged ahead of likely sustainable trends and expectations, but a strong outlook persists (near-term and long), anchoring our base case buy thesis for sustained visibility of excellent growth on OE platform mix and AM fleet dynamics/initial provisioning. WWD noted Industrial OM target of 16% for 2019 in large part supported by cost actions and productivity that will continue to improve (expected steadily), with some sales growth required but perhaps not elevated." (7/25/2017)
• 2. According to Zacks Investment Research, "Woodward stands to benefit from increased global usage of natural gas as a source of electricity and transportation fuel, while strong backlog in the commercial aerospace space buoys optimism. Moreover, its investments in new technologies will ensure that it remains well positioned to achieve its goal of being a premier aerospace supplier. However, persistent weakness in large capital projects remains one of the major dampeners for Woodward’s industrial segment. Also, Woodward's dependence on government defense budgets, stiff competition from a number of major players in the U.S. and abroad and sluggish growth in China are major concerns for the company. The company also underperformed the Zacks categorized Instruments-Control industry on a year-to-date basis." (6/20/2017)

Some companies that are related to Woodward include Snap-On Incorporated (SNA), Gardner Denver Holdings (GDI), Crane Company (CR), Weir Group PLC (WEIR), Spirax-Sarco Engineering plc (SPX), Timken Company (The) (TKR), Barnes Group (B), Manitowoc Food Service (WBT), IMI plc (IMI), KLX (KLXI), Rexnord Corporation (RXN), Hillenbrand (HI), Proto Labs (PRLB), Mueller Water Products (MWA), SPX FLOW (FLOW), Actuant Corporation (ATU), Kaman Corporation (KAMN) and Comfort Systems USA (FIX).

Woodward's management team includes the folowing people:

• Thomas A. Gendron, Chairman of the Board, President and Chief Executive Officer
• Robert F. Weber Jr., Vice Chairman of the Board, Chief Financial Officer, Treasurer
• Martin V. Glass, President - Airframe Systems
• Sagar A. Patel, President - Aircraft Turbine Systems
• Chad Robert Preiss, President - Industrial Systems
• A. Christopher Fawzy, Corporate Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary
• Steven J. Meyer, Corporate Vice President - Human Resources
• Matt R. Cook, Corporate Vice President-Information Technology
• James D. Rudolph, Corporate Vice President
• Matthew F. Taylor, Corporate Vice President-Supply Chain

Woodward's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.93%), Vanguard Group Inc. (7.33%), State Street Corp (2.88%), Royce & Associates LP (2.64%), Fiduciary Management Inc. WI (2.29%) and Northern Trust Corp (1.78%). Company insiders that own Woodward stock include Chad Robert Preiss, Christopher Fawzy, James D Rudolph, James R Rulseh, John A Halbrook, John D Cohn, Larry E Rittenberg, Martin Val Glass, Mary L Petrovich, Paul Donovan, Robert F Weber Jr, Ronald M Sega and Thomas A Gendron. View Institutional Ownership Trends for Woodward.

Woodward's stock was sold by a variety of institutional investors in the last quarter, including Westpac Banking Corp, Kennedy Capital Management Inc., BlackRock Inc., Bank of New York Mellon Corp, Vanguard Group Inc., American Century Companies Inc., Dimensional Fund Advisors LP and JPMorgan Chase & Co.. Company insiders that have sold Woodward stock in the last year include Chad Robert Preiss, Christopher Fawzy, James R Rulseh, John A Halbrook, John D Cohn, Larry E Rittenberg, Martin Val Glass, Paul Donovan, Robert F Weber Jr and Thomas A Gendron. View Insider Buying and Selling for Woodward.

Woodward's stock was bought by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, BT Investment Management Ltd, Black Creek Investment Management Inc., Koch Industries Inc., Teachers Advisors LLC, Voya Investment Management LLC, Marshall Wace North America L.P. and Lazard Asset Management LLC. Company insiders that have bought Woodward stock in the last two years include Christopher Fawzy, Mary L Petrovich, Paul Donovan and Ronald M Sega. View Insider Buying and Selling for Woodward.

Shares of Woodward can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Woodward stock can currently be purchased for approximately $74.77.