Woodward, Inc. (NASDAQ:WWD – Get Rating) – Equities research analysts at Oppenheimer lowered their FY2022 EPS estimates for Woodward in a report released on Monday, May 2nd. Oppenheimer analyst C. Glynn now anticipates that the technology company will earn $3.40 per share for the year, down from their previous forecast of $3.80. Oppenheimer also issued estimates for Woodward’s FY2023 earnings at $4.65 EPS.
Woodward (NASDAQ:WWD – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The technology company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.14). Woodward had a net margin of 8.77% and a return on equity of 9.44%. During the same quarter last year, the business posted $1.04 earnings per share.
NASDAQ:WWD opened at $102.00 on Wednesday. The firm has a 50 day simple moving average of $119.99 and a 200-day simple moving average of $115.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.39 and a quick ratio of 3.02. The firm has a market cap of $6.44 billion, a PE ratio of 37.64, a P/E/G ratio of 2.18 and a beta of 1.50. Woodward has a 1-year low of $100.00 and a 1-year high of $130.75.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, May 16th. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. Woodward’s dividend payout ratio (DPR) is 28.04%.
In other Woodward news, CEO Thomas A. Gendron sold 70,895 shares of the stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $122.19, for a total transaction of $8,662,660.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.90% of the company’s stock.
Several large investors have recently modified their holdings of WWD. FMR LLC raised its holdings in shares of Woodward by 114.4% during the first quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after purchasing an additional 288,545 shares during the period. Morgan Stanley raised its holdings in shares of Woodward by 11.4% during the second quarter. Morgan Stanley now owns 67,126 shares of the technology company’s stock worth $8,249,000 after purchasing an additional 6,896 shares during the period. SG Americas Securities LLC raised its holdings in shares of Woodward by 42.2% during the third quarter. SG Americas Securities LLC now owns 13,180 shares of the technology company’s stock worth $1,492,000 after purchasing an additional 3,911 shares during the period. Van ECK Associates Corp raised its holdings in shares of Woodward by 59.1% during the third quarter. Van ECK Associates Corp now owns 1,157 shares of the technology company’s stock worth $131,000 after purchasing an additional 430 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Woodward by 3.5% during the third quarter. Treasurer of the State of North Carolina now owns 20,679 shares of the technology company’s stock worth $2,341,000 after purchasing an additional 699 shares during the period. 80.05% of the stock is currently owned by institutional investors.
Woodward Company Profile (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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