Woodward Company Profile (NASDAQ:WWD)

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

Woodward declared a quarterly dividend on Tuesday, April 25th. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.125 per share on Monday, June 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 18th. View Woodward's Dividend History.

Woodward declared that its board has approved a stock buyback 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Woodward, Inc. (NASDAQ:WWD) released its quarterly earnings results on Wednesday, July, 20th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.76 by $0.05. The business had revenue of $508 million for the quarter, compared to the consensus estimate of $521.70 million. Woodward had a return on equity of 16.41% and a net margin of 9.74%. Woodward's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 earnings per share. View Woodward's Earnings History.

Woodward is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Woodward.

9 brokers have issued 1 year target prices for Woodward's stock. Their forecasts range from $62.00 to $82.00. On average, they expect Woodward's share price to reach $75.00 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, "We are initiating coverage on shares of WWD with an Outperform rating and a 12-18-month price target of $82, representing 21% upside potential. Our PT reflects 23x FY18E EPS vs. current 21.6x FY17E, predicated on emergent FCF growth prospects (on the heels of WWD’s heavy capital investment cycle to fund capacity to deliver against key program-content position gains), and positioning for strong organic growth. Our PT targets a 4.5-5.0% FY18E FCF yield, given decent visibility to rapid FCF expansion beyond FY18. We believe WWD compares to premium-quality multi- industrials, AME, ROP, LFUS, and NDSN, collectively trading at 24x ‘17E EPS/22x ‘18E." (7/13/2017)
• 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 Crane Company (CR), Gardner Denver Holdings (GDI), Spirax-Sarco Engineering plc (SPX), Weir Group PLC (WEIR), Timken Company (The) (TKR), IMI plc (IMI), Barnes Group (B), Manitowoc Food Service (WBT), KLX (KLXI), Rexnord Corporation (RXN), Hillenbrand (HI), Proto Labs (PRLB), MUELLER WATER PRODUCTS (MWA), SPX FLOW (FLOW), Actuant Corporation (ATU), Kaman Corporation (KAMN), Comfort Systems USA (FIX) and Milacron Holdings Corp. (MCRN).

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 investors include Ardevora Asset Management LLP (0.83%), Hermes Investment Management Ltd. (0.62%), Thompson Rubinstein Investment Management Inc. OR (0.21%), GW&K Investment Management LLC (0.10%), Nisa Investment Advisors LLC (0.05%) and Aperio Group LLC (0.04%). Company insiders that own Woodward stock include Chad Robert Preiss, Christopher Fawzy, Gregg C Sengstack, 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 Insight Capital Research & Management Inc., Bank of Montreal Can, Thompson Rubinstein Investment Management Inc. OR, GW&K Investment Management LLC and Private Trust Co. NA. 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, Mary L Petrovich, 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, Hermes Investment Management Ltd., Legato Capital Management LLC, Aperio Group LLC, Diversified Trust Co, Oregon Public Employees Retirement Fund, NN Investment Partners Holdings N.V. and LS Investment Advisors LLC. Company insiders that have bought Woodward stock in the last two years include Christopher Fawzy, Gregg C Sengstack, 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 $68.55.