Woodward (WWD) Set to Announce Earnings on Monday

Woodward (NASDAQ:WWD) is scheduled to be issuing 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Woodward Stock Up 2.0 %

Shares of NASDAQ:WWD opened at $176.05 on Friday. 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. The company has a market capitalization of $10.50 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.38. The company has a fifty day moving average of $167.60 and a 200-day moving average of $170.94.

Woodward Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WWD shares. Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and lifted their target price for the stock from $170.00 to $190.00 in a research report on Wednesday, July 31st. The Goldman Sachs Group reduced their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Truist Financial raised Woodward from a “hold” rating to a “buy” rating and raised their target price for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. TD Cowen reiterated a “hold” rating and issued a $160.00 price target (down previously from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Woodward currently has an average rating of “Hold” and a consensus price target of $174.67.

Insiders Place Their Bets

In other news, COO Thomas G. Cromwell sold 7,913 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the transaction, the chief operating officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 27,913 shares of company stock worth $4,907,304. Corporate insiders own 1.12% of the company’s stock.

Woodward Company Profile

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.