Woodward, Inc.Common Stock (NASDAQ:WWD) – Equities researchers at Jefferies Financial Group cut their Q1 2020 earnings per share estimates for Woodward, Inc.Common Stock in a report issued on Wednesday, December 4th, Zacks Investment Research reports. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the technology company will post earnings of $1.05 per share for the quarter, down from their prior estimate of $1.08. Jefferies Financial Group currently has a “Buy” rating and a $135.00 target price on the stock. Jefferies Financial Group also issued estimates for Woodward, Inc.Common Stock’s FY2022 earnings at $7.25 EPS.
WWD has been the subject of a number of other research reports. ValuEngine upgraded shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Barrington Research cut Woodward, Inc.Common Stock from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, BidaskClub cut Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $119.75.
Shares of WWD stock traded down $0.22 during trading hours on Friday, reaching $118.43. The company had a trading volume of 123,671 shares, compared to its average volume of 378,489. The company has a 50 day moving average of $117.32 and a 200 day moving average of $111.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.64 and a beta of 1.33. Woodward, Inc.Common Stock has a 1-year low of $70.15 and a 1-year high of $124.78.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its quarterly earnings data on Monday, November 18th. The technology company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.07). Woodward, Inc.Common Stock had a return on equity of 18.62% and a net margin of 8.95%. The firm had revenue of $736.54 million for the quarter, compared to analyst estimates of $746.21 million. During the same period in the prior year, the company posted $1.39 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year.
In other news, CEO Thomas A. Gendron sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $112.50, for a total transaction of $112,500.00. Following the transaction, the chief executive officer now directly owns 227,390 shares of the company’s stock, valued at $25,581,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas A. Gendron sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $118.01, for a total transaction of $413,035.00. Following the transaction, the chief executive officer now directly owns 229,890 shares in the company, valued at $27,129,318.90. The disclosure for this sale can be found here. Insiders have sold 66,980 shares of company stock valued at $8,068,642 over the last 90 days. Company insiders own 4.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. increased its stake in Woodward, Inc.Common Stock by 2.4% in the third quarter. First Allied Advisory Services Inc. now owns 3,956 shares of the technology company’s stock valued at $426,000 after acquiring an additional 93 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of 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 buying an additional 103 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of 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 buying an additional 115 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of 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 buying an additional 126 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of 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 buying an additional 190 shares during the last quarter. 73.65% of the stock is currently owned by institutional investors and hedge funds.
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.