Woodward (NASDAQ:WWD – Get Rating) updated its FY22 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.20-3.60 for the period, compared to the Thomson Reuters consensus estimate of $3.70. The company issued revenue guidance of $2.40-2.55 billion, compared to the consensus revenue estimate of $2.48 billion.
Several equities research analysts have recently weighed in on the stock. Truist Financial raised shares of Woodward from a hold rating to a buy rating and increased their target price for the company from $110.00 to $143.00 in a research note on Friday, January 7th. Zacks Investment Research upgraded Woodward from a sell rating to a hold rating and set a $115.00 target price for the company in a research report on Wednesday, February 2nd. StockNews.com started coverage on Woodward in a report on Thursday, March 31st. They issued a hold rating on the stock. TheStreet cut Woodward from a b rating to a c+ rating in a report on Monday, January 31st. Finally, William Blair reiterated an outperform rating on shares of Woodward in a research note on Thursday, March 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Woodward has a consensus rating of Hold and an average target price of $126.86.
WWD opened at $109.70 on Tuesday. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.18 and a beta of 1.51. The company has a current ratio of 4.39, a quick ratio of 3.02 and a debt-to-equity ratio of 0.33. Woodward has a 12-month low of $101.28 and a 12-month high of $130.75. The business’s fifty day simple moving average is $120.31 and its 200-day simple moving average is $115.26.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, May 16th. This represents a $0.76 dividend on an annualized basis and a yield of 0.69%. Woodward’s dividend payout ratio is currently 25.25%.
In related news, CEO Thomas A. Gendron sold 70,895 shares of the firm’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $122.19, for a total transaction of $8,662,660.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WWD. Glenmede Trust Co. NA raised its stake in Woodward by 15.7% in the fourth quarter. Glenmede Trust Co. NA now owns 2,621 shares of the technology company’s stock valued at $286,000 after buying an additional 356 shares during the last quarter. Walleye Trading LLC raised its position in shares of Woodward by 74.4% in the 4th quarter. Walleye Trading LLC now owns 3,994 shares of the technology company’s stock valued at $437,000 after purchasing an additional 1,704 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Woodward by 116.1% in the 4th quarter. Squarepoint Ops LLC now owns 7,158 shares of the technology company’s stock worth $784,000 after purchasing an additional 3,846 shares in the last quarter. MML Investors Services LLC grew its position in Woodward by 3.7% during the 4th quarter. MML Investors Services LLC now owns 7,776 shares of the technology company’s stock worth $851,000 after purchasing an additional 277 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its stake in Woodward by 7.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 11,168 shares of the technology company’s stock valued at $1,222,000 after purchasing an additional 820 shares in the last quarter. 80.05% of the stock is currently owned by institutional investors and hedge funds.
About Woodward (Get Rating)
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.
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