Woodward (WWD) to Release Quarterly Earnings on Monday

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

Woodward Stock Performance

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

Woodward Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Transactions at Woodward

In other Woodward news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $174.50, for a total value of $1,745,000.00. Following the completion of the transaction, the chief operating officer now owns 11,511 shares in the company, valued at $2,008,669.50. This represents a 46.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 27,913 shares of company stock valued at $4,907,304 over the last ninety days. 1.12% of the stock is owned by company insiders.

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.