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 Up 0.6 %
Shares of NASDAQ:WWD traded up $0.60 during trading on Thursday, hitting $100.95. The stock had a trading volume of 6,174 shares, compared to its average volume of 402,767. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.95 and a quick ratio of 1.77. The firm has a fifty day moving average of $95.04 and a two-hundred day moving average of $107.49. Woodward has a 12 month low of $87.43 and a 12 month high of $129.12. The company has a market capitalization of $6.07 billion, a PE ratio of 38.45, a PEG ratio of 2.73 and a beta of 1.48.
Woodward (NASDAQ:WWD - Get Rating) last issued its quarterly earnings data on Monday, August 1st. The technology company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.27). The firm had revenue of $614.33 million during the quarter, compared to the consensus estimate of $625.04 million. Woodward had a return on equity of 8.38% and a net margin of 7.24%. The company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. As a group, equities research analysts forecast that Woodward will post 2.66 EPS for the current fiscal year.
Woodward Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $0.76 annualized dividend and a dividend yield of 0.75%. Woodward's payout ratio is currently 29.12%.
Analyst Ratings Changes
WWD has been the subject of a number of research reports. Cowen reduced their price target on shares of Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. Truist Financial lowered Woodward from a "buy" rating to a "hold" rating and decreased their target price for the company from $121.00 to $88.00 in a research report on Tuesday, August 2nd. Wells Fargo & Company cut their price target on Woodward from $117.00 to $100.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 2nd. Finally, Cowen decreased their price objective on Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $114.29.
Insider Activity at Woodward
In other news, insider Thomas A. Gendron sold 10,000 shares of the 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 completion of the transaction, the insider now owns 32,000 shares in the company, valued at approximately $3,275,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Paul Donovan purchased 1,100 shares of the business's stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average cost of $92.46 per share, with a total value of $101,706.00. Following the completion of the acquisition, the director now directly owns 1,100 shares of the company's stock, valued at $101,706. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas A. Gendron sold 10,000 shares of the stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $102.35, for a total value of $1,023,500.00. Following the sale, the insider now directly owns 32,000 shares in the company, valued at approximately $3,275,200. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 2,000 shares of company stock worth $188,811. Insiders own 3.90% of the company's stock.
