Woodward (WWD) Set to Announce Earnings on Monday

Woodward (NASDAQ:WWD) is set to announce its earnings results after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Woodward Trading Down 1.9 %

Woodward stock opened at $169.54 on Monday. The stock has a 50-day simple moving average of $167.09 and a 200 day simple moving average of $170.89. The stock has a market capitalization of $10.11 billion, a P/E ratio of 28.35, a PEG ratio of 1.80 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 $126.31 and a 52 week high of $188.35.

Woodward Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, November 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Woodward’s dividend payout ratio is currently 16.72%.

Insiders Place Their Bets

In related news, COO Thomas G. Cromwell sold 10,000 shares of the firm’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 transaction, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,008,669.50. This trade represents a 46.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 27,913 shares of company stock worth $4,907,304 in the last quarter. Corporate insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com raised Woodward from a “hold” rating to a “buy” rating in a report on Thursday. TD Cowen restated a “hold” rating and set a $160.00 target price (down previously from $186.00) on shares of Woodward in a research note on Friday, October 4th. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $187.00 in a report on Wednesday, August 21st. The Goldman Sachs Group lowered their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Woodward currently has a consensus rating of “Moderate Buy” and an average target price of $174.67.

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.