Woodward, Inc.Common Stock (WWD) Receives “Hold” Rating from Wood & Company

Wood & Company reaffirmed their hold rating on shares of Woodward, Inc.Common Stock (NASDAQ:WWD) in a research note released on Thursday morning.

“WWD reported a solid FY4Q18, and in our view, a better FY19 guide (given balance), with Industrial segment returning to organic growth of ~6% forecast, as no markets project as dragging on favorable markets, and notably following three years of organic declines (variously mixed earlier in that period; lately punctuated by diminished Industrial Gas Turbine sector, mainly heavy duty, as well as WWD’s renewables mix exposure). Aerospace results and outlook remain a picture of healthy expansion. As Industrial markets collectively turn, key watch items include prospects for core OM expansion and leverage, and organic opportunity from end customer product mix to favor WWD’s content wins.”,” Wood & Company’s analyst wrote.

Several other analysts also recently commented on the stock. Barrington Research restated a hold rating on shares of Woodward, Inc.Common Stock in a research report on Tuesday, October 30th. ValuEngine downgraded shares of Woodward, Inc.Common Stock from a buy rating to a hold rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a sell rating to a hold rating in a research report on Friday, October 5th. BidaskClub downgraded shares of Woodward, Inc.Common Stock from a buy rating to a hold rating in a research report on Friday, September 7th. Finally, Credit Suisse Group raised their price objective on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the company a neutral rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Woodward, Inc.Common Stock currently has a consensus rating of Hold and an average price target of $84.75.

WWD traded down $1.35 during trading on Thursday, hitting $82.69. The company’s stock had a trading volume of 329,882 shares, compared to its average volume of 358,333. The company has a current ratio of 2.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. Woodward, Inc.Common Stock has a one year low of $68.56 and a one year high of $89.30. The company has a market capitalization of $4.82 billion, a PE ratio of 21.48, a PEG ratio of 1.40 and a beta of 1.32.

Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.08. Woodward, Inc.Common Stock had a net margin of 7.59% and a return on equity of 15.40%. The business had revenue of $719.40 million for the quarter, compared to the consensus estimate of $689.01 million. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Equities analysts forecast that Woodward, Inc.Common Stock will post 4.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.69%. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 9th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 14.81%.

In other Woodward, Inc.Common Stock news, CFO Robert F. Weber, Jr. sold 9,135 shares of Woodward, Inc.Common Stock stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $80.09, for a total value of $731,622.15. Following the sale, the chief financial officer now directly owns 35,688 shares in the company, valued at approximately $2,858,251.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary L. Petrovich sold 3,800 shares of Woodward, Inc.Common Stock stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $79.78, for a total transaction of $303,164.00. Following the completion of the sale, the director now owns 25,326 shares in the company, valued at $2,020,508.28. The disclosure for this sale can be found here. Insiders have sold a total of 29,800 shares of company stock worth $2,377,942 over the last 90 days. Insiders own 6.17% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Woodward, Inc.Common Stock by 2.2% in the 3rd quarter. BlackRock Inc. now owns 6,107,387 shares of the technology company’s stock worth $493,844,000 after buying an additional 129,821 shares in the last quarter. Northern Trust Corp grew its stake in shares of Woodward, Inc.Common Stock by 2.1% in the 2nd quarter. Northern Trust Corp now owns 1,089,483 shares of the technology company’s stock worth $83,738,000 after buying an additional 22,106 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Woodward, Inc.Common Stock by 3.2% in the 2nd quarter. Brown Advisory Inc. now owns 1,022,836 shares of the technology company’s stock worth $78,614,000 after buying an additional 31,352 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Woodward, Inc.Common Stock by 11.6% in the 2nd quarter. Voya Investment Management LLC now owns 918,121 shares of the technology company’s stock worth $70,566,000 after buying an additional 95,756 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Woodward, Inc.Common Stock by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 642,614 shares of the technology company’s stock worth $51,962,000 after buying an additional 2,120 shares in the last quarter. Institutional investors own 73.62% of the company’s stock.

Woodward, Inc.Common Stock Company Profile

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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Analyst Recommendations for Woodward, Inc.Common Stock (NASDAQ:WWD)

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