Woodward (NASDAQ:WWD – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 1st. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Woodward has set its FY22 guidance at $3.20-3.60 EPS.Parties interested in listening to the company’s conference call can do so using this link.
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 7.85% and a return on equity of 8.53%. The company had revenue of $586.84 million for the quarter, compared to analysts’ expectations of $600.26 million. During the same period in the previous year, the firm earned $1.04 earnings per share. On average, analysts expect Woodward to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Woodward Stock Down 0.8 %
WWD stock opened at $96.94 on Monday. The business’s 50-day moving average price is $95.24 and its 200-day moving average price is $108.85. The company has a quick ratio of 2.29, a current ratio of 3.61 and a debt-to-equity ratio of 0.35. Woodward has a twelve month low of $87.59 and a twelve month high of $129.12. The stock has a market cap of $6.12 billion, a P/E ratio of 35.77, a PEG ratio of 2.19 and a beta of 1.48.
Woodward Announces Dividend
Analyst Ratings Changes
A number of research analysts recently commented on the company. Cowen lowered their price target on Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. StockNews.com assumed coverage on Woodward in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Cowen lowered their price target on Woodward from $130.00 to $125.00 in a report on Tuesday, May 3rd. Finally, Truist Financial lowered their price target on Woodward from $138.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $124.43.
Insiders Place Their Bets
In other Woodward news, insider Thomas A. Gendron sold 10,000 shares of Woodward stock in a transaction that occurred on 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 owns 32,000 shares of the company’s stock, valued at approximately $3,275,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Charles P. Blankenship bought 400 shares of the business’s stock in a transaction dated Thursday, May 19th. The shares were purchased at an average price of $99.05 per share, with a total value of $39,620.00. Following the transaction, the chief executive officer now owns 36,100 shares in the company, valued at approximately $3,575,705. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas A. Gendron sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $102.35, for a total value of $1,023,500.00. Following the transaction, 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. Insiders have bought a total of 2,796 shares of company stock valued at $287,428 in the last quarter. 3.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Woodward
Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors grew its position in Woodward by 46.9% in the 1st quarter. Captrust Financial Advisors now owns 877 shares of the technology company’s stock valued at $110,000 after acquiring an additional 280 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Woodward in the 1st quarter valued at $319,000. Utah Retirement Systems grew its position in Woodward by 6.7% in the 1st quarter. Utah Retirement Systems now owns 3,200 shares of the technology company’s stock valued at $400,000 after acquiring an additional 200 shares during the last quarter. APG Asset Management N.V. bought a new position in Woodward in the 1st quarter valued at $516,000. Finally, Baird Financial Group Inc. grew its position in Woodward by 13.0% in the 1st quarter. Baird Financial Group Inc. now owns 5,126 shares of the technology company’s stock valued at $640,000 after acquiring an additional 590 shares during the last quarter. Institutional investors own 80.05% of the company’s stock.
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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