Woodward, Inc.Common Stock (NASDAQ:WWD) Sees Large Volume Increase

Woodward, Inc.Common Stock (NASDAQ:WWD) saw an uptick in trading volume on Tuesday . 1,621,000 shares traded hands during trading, an increase of 310% from the previous session’s volume of 395,366 shares.The stock last traded at $115.68 and had previously closed at $113.60.

A number of brokerages recently weighed in on WWD. BidaskClub raised shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine cut shares of Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research report on Monday, August 26th. Finally, Barrington Research set a $119.00 price target on shares of Woodward, Inc.Common Stock and gave the stock a “buy” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $106.75.

The business’s 50-day moving average is $108.47 and its two-hundred day moving average is $110.00. The company has a current ratio of 2.02, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $7.10 billion, a PE ratio of 30.05, a PEG ratio of 1.62 and a beta of 1.30.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings results on Monday, November 18th. The technology company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The business had revenue of $736.54 million for the quarter, compared to analysts’ expectations of $746.21 million. During the same period last year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Woodward, Inc.Common Stock will post 4.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.162 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 0.56%. Woodward, Inc.Common Stock’s payout ratio is currently 16.88%.

In other Woodward, Inc.Common Stock news, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $106.13, for a total value of $1,061,300.00. Following the completion of the transaction, the insider now directly owns 36,553 shares of the company’s stock, valued at approximately $3,879,369.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.61% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. First Allied Advisory Services Inc. raised its stake in shares of Woodward, Inc.Common Stock by 2.4% in the 3rd quarter. First Allied Advisory Services Inc. now owns 3,956 shares of the technology company’s stock valued at $426,000 after purchasing an additional 93 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Woodward, Inc.Common Stock by 0.6% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 16,047 shares of the technology company’s stock worth $1,730,000 after acquiring an additional 103 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in Woodward, Inc.Common Stock by 2.3% during the third quarter. Vestmark Advisory Solutions Inc. now owns 5,220 shares of the technology company’s stock worth $563,000 after acquiring an additional 115 shares during the period. Allianz Asset Management GmbH raised its stake in Woodward, Inc.Common Stock by 5.2% during the second quarter. Allianz Asset Management GmbH now owns 2,543 shares of the technology company’s stock worth $288,000 after acquiring an additional 126 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in Woodward, Inc.Common Stock by 1.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,330 shares of the technology company’s stock worth $1,169,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 75.37% of the company’s stock.

Woodward, Inc.Common Stock Company Profile (NASDAQ:WWD)

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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