Woodward (WWD) to Release Earnings on Monday

Woodward (NASDAQ:WWD) will release its earnings data after the market closes on Monday, November 25th. Analysts expect Woodward to post earnings of $1.22 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Woodward Price Performance

Woodward stock opened at $169.54 on Monday. Woodward has a 52-week low of $126.31 and a 52-week high of $188.35. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average is $167.09 and its 200 day moving average is $170.89. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.80 and a beta of 1.38.

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, November 21st. Woodward’s dividend payout ratio is 16.72%.

Insiders Place Their Bets

In related news, COO Thomas G. Cromwell sold 7,913 shares of the business’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 value of $1,385,803.69. Following the completion of the sale, the chief operating officer now owns 11,511 shares in the company, valued at approximately $2,015,921.43. The trade was 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 accessible through the SEC website. Insiders have sold a total of 27,913 shares of company stock worth $4,907,304 over the last quarter. Company insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on WWD. The Goldman Sachs Group dropped their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com raised Woodward from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and increased their price target for the company from $152.00 to $187.00 in a report on Wednesday, August 21st. TD Cowen reaffirmed a “hold” rating and set a $160.00 price objective (down from $186.00) on shares of Woodward in a research note on Friday, October 4th. Finally, Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and increased their target price for the company from $170.00 to $190.00 in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and an average price target 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.