Woodward (WWD) to Release Quarterly Earnings on Monday

Woodward (NASDAQ:WWD) is scheduled to be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Woodward to post earnings of $1.29 per share for the quarter. Woodward has set its FY24 guidance at $5.00-5.40 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, January 29th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.33. Woodward had a return on equity of 15.26% and a net margin of 9.50%. The firm had revenue of $786.73 million for the quarter, compared to analyst estimates of $750.13 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, analysts expect Woodward to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Woodward Price Performance

Woodward stock opened at $147.49 on Monday. Woodward has a 12 month low of $91.42 and a 12 month high of $160.79. The stock’s 50 day moving average is $146.52 and its 200-day moving average is $137.74. The company has a current ratio of 2.65, a quick ratio of 1.69 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.79 and a beta of 1.36.

Woodward Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Tuesday, February 20th were given a $0.25 dividend. This is an increase from Woodward’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. Woodward’s dividend payout ratio is presently 21.10%.

Insider Buying and Selling at Woodward

In other Woodward news, Director John D. Cohn sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the sale, the director now owns 20,531 shares of the company’s stock, valued at approximately $2,850,934.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Woodward news, Director John D. Cohn sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the sale, the director now owns 20,531 shares of the company’s stock, valued at approximately $2,850,934.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Thomas G. Cromwell sold 38,700 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $141.98, for a total value of $5,494,626.00. Following the completion of the sale, the chief operating officer now directly owns 11,833 shares in the company, valued at approximately $1,680,049.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,200 shares of company stock valued at $7,242,916. 1.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Woodward in the 2nd quarter valued at $28,000. KB Financial Partners LLC bought a new position in shares of Woodward in the 1st quarter valued at $30,000. Lazard Asset Management LLC bought a new position in shares of Woodward in the 2nd quarter valued at $71,000. State of Wyoming lifted its stake in shares of Woodward by 66.9% in the 4th quarter. State of Wyoming now owns 821 shares of the technology company’s stock valued at $79,000 after acquiring an additional 329 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Woodward in the 3rd quarter valued at $104,000. 81.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WWD. UBS Group upped their target price on Woodward from $168.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Barclays upped their target price on Woodward from $134.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Truist Financial upped their target price on Woodward from $136.00 to $143.00 and gave the company a “hold” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group increased their price target on Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Alembic Global Advisors downgraded Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price target on the stock. in a research report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.22.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in 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.