Equities analysts expect Woodward, Inc.Common Stock (NASDAQ:WWD) to report $740.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Woodward, Inc.Common Stock’s earnings, with the highest sales estimate coming in at $758.53 million and the lowest estimate coming in at $728.90 million. Woodward, Inc.Common Stock posted sales of $719.36 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, November 18th.
According to Zacks, analysts expect that Woodward, Inc.Common Stock will report full-year sales of $2.90 billion for the current year, with estimates ranging from $2.89 billion to $2.92 billion. For the next year, analysts forecast that the business will post sales of $3.06 billion, with estimates ranging from $2.98 billion to $3.16 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Woodward, Inc.Common Stock.
WWD has been the topic of a number of research reports. Barrington Research set a $119.00 price objective on Woodward, Inc.Common Stock and gave the stock a “buy” rating in a report on Monday, October 21st. BidaskClub upgraded Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating in a report on Friday. Wood & Company reiterated a “sell” rating on shares of Woodward, Inc.Common Stock in a report on Monday, August 26th. Finally, ValuEngine downgraded Woodward, Inc.Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Woodward, Inc.Common Stock presently has an average rating of “Hold” and an average price target of $106.75.
In related news, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $106.13, for a total transaction of $1,061,300.00. Following the sale, the insider now directly owns 36,553 shares in the company, valued at approximately $3,879,369.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.61% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. FMR LLC grew its stake in Woodward, Inc.Common Stock by 114.4% during the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock valued at $51,306,000 after purchasing an additional 288,545 shares in the last quarter. Zions Bancorporation N.A. grew its stake in Woodward, Inc.Common Stock by 6.2% during the 2nd quarter. Zions Bancorporation N.A. now owns 4,012 shares of the technology company’s stock valued at $454,000 after purchasing an additional 235 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Woodward, Inc.Common Stock by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,587 shares of the technology company’s stock valued at $2,556,000 after purchasing an additional 319 shares in the last quarter. Cullinan Associates Inc. acquired a new stake in Woodward, Inc.Common Stock during the 2nd quarter valued at approximately $226,000. Finally, Renaissance Investment Group LLC acquired a new stake in Woodward, Inc.Common Stock during the 2nd quarter valued at approximately $339,000. Institutional investors and hedge funds own 74.14% of the company’s stock.
Woodward, Inc.Common Stock stock opened at $113.92 on Friday. The stock’s 50-day moving average is $107.90 and its 200-day moving average is $109.74. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.02 and a quick ratio of 1.19. Woodward, Inc.Common Stock has a 12 month low of $68.40 and a 12 month high of $119.20.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.162 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 annualized dividend and a dividend yield of 0.57%. Woodward, Inc.Common Stock’s payout ratio is currently 16.88%.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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