ValuEngine downgraded shares of Woodward, Inc. (NASDAQ:WWD) from a buy rating to a hold rating in a research note published on Wednesday.
Several other brokerages have also commented on WWD. Cowen and Company reaffirmed a hold rating and issued a $62.00 price objective on shares of Woodward in a research report on Thursday, November 9th. Wood & Company lowered shares of Woodward from an outperform rating to a market perform rating in a research report on Thursday, October 26th. Oppenheimer Holdings, Inc. reissued a market perform rating and set a $82.00 price target on shares of Woodward in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of Woodward from a hold rating to a sell rating in a research report on Friday, October 27th. Finally, BidaskClub lowered shares of Woodward from a buy rating to a hold rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $75.75.
Shares of Woodward (WWD) traded up $0.66 during trading on Wednesday, hitting $77.81. 357,381 shares of the company traded hands, compared to its average volume of 273,175. The stock has a market cap of $4,760.00, a price-to-earnings ratio of 24.78, a P/E/G ratio of 1.92 and a beta of 1.24. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42. Woodward has a 52-week low of $65.22 and a 52-week high of $82.94.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million during the quarter, compared to analyst estimates of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. Woodward’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. analysts anticipate that Woodward will post 3.4 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, November 10th. Woodward’s dividend payout ratio is presently 15.82%.
In other news, Director John A. Halbrook sold 1,800 shares of Woodward stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $70.60, for a total transaction of $127,080.00. Following the completion of the transaction, the director now directly owns 345,721 shares of the company’s stock, valued at approximately $24,407,902.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the transaction, the director now directly owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The disclosure for this sale can be found here. 5.93% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in WWD. Teachers Advisors LLC grew its stake in Woodward by 8.5% in the 1st quarter. Teachers Advisors LLC now owns 101,932 shares of the technology company’s stock valued at $6,923,000 after acquiring an additional 7,966 shares during the period. PNC Financial Services Group Inc. grew its stake in Woodward by 66.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,266 shares during the period. Credit Suisse AG grew its stake in Woodward by 14.8% in the 1st quarter. Credit Suisse AG now owns 77,196 shares of the technology company’s stock valued at $5,243,000 after acquiring an additional 9,981 shares during the period. HighTower Advisors LLC acquired a new stake in Woodward in the 1st quarter valued at $234,000. Finally, Capstone Asset Management Co. grew its stake in Woodward by 5.6% in the 2nd quarter. Capstone Asset Management Co. now owns 6,732 shares of the technology company’s stock valued at $455,000 after acquiring an additional 360 shares during the period. 70.68% of the stock is currently owned by hedge funds and other institutional investors.
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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