Woodward (WWD) Set to Announce Earnings on Monday

Woodward (NASDAQ:WWD) is set to issue its quarterly earnings data after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Woodward Stock Performance

Shares of WWD opened at $176.05 on Friday. The stock’s 50-day simple moving average is $167.82 and its 200 day simple moving average is $170.96. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96. Woodward has a 52-week low of $129.46 and a 52-week high of $188.35.

Woodward Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Woodward’s payout ratio is currently 16.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Jefferies Financial Group raised Woodward from a “hold” rating to a “buy” rating and raised their price objective for the company from $170.00 to $190.00 in a report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $160.00 price objective (down from $186.00) on shares of Woodward in a report on Friday, October 4th. The Goldman Sachs Group decreased their price objective on Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Finally, StockNews.com lowered Woodward from a “buy” rating to a “hold” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Woodward presently has an average rating of “Hold” and a consensus target price of $174.67.

Insider Buying and Selling

In other news, COO Thomas G. Cromwell sold 7,913 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $175.13, for a total value of $1,385,803.69. Following the completion of the transaction, the chief operating officer now owns 11,511 shares of the company’s stock, valued at $2,015,921.43. This represents a 40.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 27,913 shares of company stock valued at $4,907,304 over the last 90 days. Company insiders own 1.12% of the company’s stock.

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.