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.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on WWD shares. Wells Fargo & Company dropped their price objective on shares of Woodward from $117.00 to $100.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 2nd. Truist Financial lowered Woodward from a "buy" rating to a "hold" rating and cut their price target for the company from $121.00 to $88.00 in a report on Tuesday, August 2nd. Cowen decreased their price objective on Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. Finally, Cowen dropped their target price on Woodward from $130.00 to $125.00 in a research report on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $114.29.
Woodward Stock Up 0.1 %
Shares of NASDAQ:WWD traded up $0.14 during mid-day trading on Tuesday, hitting $98.09. The company had a trading volume of 474,400 shares, compared to its average volume of 427,025. The company has a market capitalization of $6.19 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.48. The firm has a 50-day simple moving average of $95.13 and a two-hundred day simple moving average of $107.60. The company has a current ratio of 2.95, a quick ratio of 1.77 and a debt-to-equity ratio of 0.38. Woodward has a one year low of $87.43 and a one year high of $129.12.
Woodward (NASDAQ:WWD - Get Rating) last announced its quarterly earnings data on Monday, August 1st. The technology company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.27). The company had revenue of $614.33 million during the quarter, compared to the consensus estimate of $625.04 million. Woodward had a net margin of 7.24% and a return on equity of 8.38%. Woodward's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. On average, equities analysts expect that Woodward will post 2.66 EPS for the current year.
Woodward Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, August 12th. Woodward's payout ratio is 29.12%.
Insider Activity
In related news, CEO Charles P. Blankenship acquired 400 shares of the firm's stock in a transaction dated Thursday, May 19th. The stock was bought at an average price of $99.05 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Woodward news, CEO Charles P. Blankenship purchased 500 shares of Woodward stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average price of $94.97 per share, for a total transaction of $47,485.00. Following the completion of the acquisition, the chief executive officer now owns 37,100 shares of the company's stock, valued at approximately $3,523,387. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles P. Blankenship purchased 400 shares of Woodward stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average price 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 approximately $3,575,705. The disclosure for this purchase can be found here. Insiders purchased 2,000 shares of company stock worth $188,811 in the last quarter. Corporate insiders own 3.90% of the company's stock.
