Woodward - WWD Stock Forecast, Price & News

Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through two segments: Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft. These products are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems. It also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. This segment sells its products to original equipment manufacturers (OEMs), tier-one suppliers, and various contractors, as well as through aftermarket sales of components, such as provisioning spares or replacements, and spare parts. The Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. These products are used on industrial gas turbines, steam turbines, compressors, and reciprocating engines. This segment sells its aftermarket products, and other related services to OEMs through an independent network of distributors, as well as directly to end users. The company was founded in 1870 and is headquartered in Fort Collins, Colorado.

Woodward Stock Performance

Shares of WWD Stock opened at $95.23 on Monday. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 2.65 and a beta of 1.48. Woodward has a 52 week low of $87.43 and a 52 week high of $129.12. The company has a quick ratio of 2.29, a current ratio of 2.95 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $95.21 and a 200-day moving average of $107.70.

Woodward (NASDAQ:WWD - Get Rating) last announced its quarterly earnings data on Monday, August 1st. The technology company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.27). Woodward had a return on equity of 8.38% and a net margin of 7.24%. The company had revenue of $614.33 million for the quarter, compared to analyst estimates of $625.04 million. During the same period last year, the business earned $0.74 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that Woodward will post 2.66 earnings per share for the current year.

Woodward Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, August 12th. Woodward's payout ratio is currently 29.12%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WWD. Wells Fargo & Company lowered their price target on shares of Woodward from $117.00 to $100.00 and set an "equal weight" rating for the company in a report on Tuesday, August 2nd. Truist Financial lowered shares of Woodward from a "buy" rating to a "hold" rating and lowered their price target for the stock from $121.00 to $88.00 in a report on Tuesday, August 2nd. Cowen lowered their price target on shares of Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. Finally, Cowen lowered their price target on shares of Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Woodward presently has a consensus rating of "Hold" and an average price target of $114.29.

Insider Activity at Woodward

In related news, insider Thomas A. Gendron sold 10,000 shares of Woodward stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $102.35, for a total value of $1,023,500.00. Following the completion of the sale, the insider now owns 32,000 shares of the company's stock, valued at approximately $3,275,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Charles P. Blankenship acquired 400 shares of the business's stock in a transaction on Thursday, May 19th. The shares were purchased at an average cost of $99.05 per share, with a total value of $39,620.00. Following the acquisition, the chief executive officer now directly owns 36,100 shares of the company's stock, valued at $3,575,705. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas A. Gendron sold 10,000 shares of Woodward stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $102.35, for a total transaction of $1,023,500.00. Following the transaction, the insider now directly owns 32,000 shares in the company, valued at $3,275,200. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 2,000 shares of company stock valued at $188,811. 3.90% of the stock is owned by company insiders.