Woodward, Inc.Common Stock (NASDAQ:WWD) – William Blair issued their FY2021 earnings per share estimates for Woodward, Inc.Common Stock in a note issued to investors on Tuesday, June 11th. William Blair analyst N. Heymann anticipates that the technology company will post earnings per share of $6.75 for the year. William Blair currently has a “Outperform” rating on the stock.
Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Monday, April 29th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.35. The company had revenue of $758.84 million for the quarter, compared to the consensus estimate of $661.88 million. Woodward, Inc.Common Stock had a return on equity of 19.75% and a net margin of 9.21%. The firm’s revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS.
Other research analysts also recently issued reports about the company. BidaskClub downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Zacks Investment Research raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Wednesday, March 20th. ValuEngine downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Barrington Research reaffirmed an “outperform” rating and set a $110.00 price target (up from $96.00) on shares of Woodward, Inc.Common Stock in a research note on Tuesday, April 2nd. Finally, SunTrust Banks upped their price target on Woodward, Inc.Common Stock to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $105.00.
Shares of NASDAQ:WWD opened at $114.62 on Thursday. The stock has a market capitalization of $7.12 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 1.86 and a beta of 1.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.94. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $116.46.
The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were paid a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, May 17th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is currently 16.88%.
In other Woodward, Inc.Common Stock news, VP Christopher Fawzy sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $108.58, for a total transaction of $868,640.00. Following the completion of the sale, the vice president now directly owns 7,506 shares of the company’s stock, valued at approximately $815,001.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald M. Sega sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total value of $750,400.00. Following the sale, the director now directly owns 18,975 shares of the company’s stock, valued at $2,125,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,710 shares of company stock worth $10,394,940. 4.61% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of Woodward, Inc.Common Stock in the fourth quarter valued at approximately $40,686,000. FMR LLC grew its holdings in shares of Woodward, Inc.Common Stock by 114.4% in the first quarter. FMR LLC now owns 540,692 shares of the technology company’s stock valued at $51,306,000 after acquiring an additional 288,545 shares in the last quarter. Pennsylvania Trust Co grew its holdings in shares of Woodward, Inc.Common Stock by 2,358.1% in the first quarter. Pennsylvania Trust Co now owns 291,085 shares of the technology company’s stock valued at $24,281,000 after acquiring an additional 279,243 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Woodward, Inc.Common Stock by 3,818.0% in the first quarter. OppenheimerFunds Inc. now owns 278,804 shares of the technology company’s stock valued at $26,455,000 after acquiring an additional 271,688 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Woodward, Inc.Common Stock by 3.8% in the first quarter. BlackRock Inc. now owns 6,449,780 shares of the technology company’s stock valued at $612,019,000 after acquiring an additional 237,595 shares in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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