Woodward (WWD) Reaches New 12-Month High at $84.85

Woodward Inc (NASDAQ:WWD)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $84.85 and last traded at $85.39, with a volume of 5396890 shares. The stock had previously closed at $77.17.

A number of equities analysts have issued reports on WWD shares. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. ValuEngine downgraded Woodward from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Wood & Company downgraded Woodward from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. BidaskClub downgraded Woodward from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Cowen reiterated a “hold” rating and set a $62.00 price target on shares of Woodward in a research report on Sunday, December 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $79.25.

The company has a market cap of $5,081.33, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.77.

Woodward (NASDAQ:WWD) last released its earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.11). The firm had revenue of $470.14 million during the quarter, compared to analysts’ expectations of $472.14 million. Woodward had a net margin of 8.10% and a return on equity of 14.04%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. analysts expect that Woodward Inc will post 3.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be given a $0.1425 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, February 16th. This is an increase from Woodward’s previous quarterly dividend of $0.13. Woodward’s dividend payout ratio (DPR) is 18.38%.

In other news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the transaction, the director now owns 27,904 shares in the company, valued at $2,223,669.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.17% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WWD. Bank of New York Mellon Corp increased its holdings in shares of Woodward by 6.4% in the third quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock valued at $64,652,000 after purchasing an additional 50,208 shares during the last quarter. Geneva Partners LLC acquired a new stake in shares of Woodward in the third quarter valued at approximately $841,000. King Luther Capital Management Corp acquired a new stake in shares of Woodward in the third quarter valued at approximately $602,000. Oakbrook Investments LLC acquired a new stake in shares of Woodward in the fourth quarter valued at approximately $310,000. Finally, Koch Industries Inc. acquired a new stake in shares of Woodward in the second quarter valued at approximately $354,000. Institutional investors and hedge funds own 72.61% of the company’s stock.

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About Woodward

Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.

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