Shares of Woodward, Inc. (NASDAQ:WWD – Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $367.53 and traded as low as $320.46. Woodward shares last traded at $324.07, with a volume of 700,971 shares.
Wall Street Analysts Forecast Growth
WWD has been the topic of several analyst reports. Wall Street Zen lowered Woodward from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Jefferies Financial Group decreased their price objective on Woodward from $450.00 to $420.00 and set a “buy” rating for the company in a report on Friday, October 2nd. TD Cowen lowered their price objective on Woodward from $420.00 to $380.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Guggenheim initiated coverage on shares of Woodward in a research report on Monday, September 14th. They set a “buy” rating and a $404.00 target price for the company. Finally, Zacks Research downgraded Woodward from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.36.
Read Our Latest Research Report on Woodward
Woodward Stock Performance
The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. The stock has a market capitalization of $18.00 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.70 and a beta of 0.86. The company has a fifty day moving average of $334.61 and a two-hundred day moving average of $366.73.
Woodward (NASDAQ:WWD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Woodward had a return on equity of 21.89% and a net margin of 13.17%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $1.76 EPS. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, equities analysts anticipate that Woodward, Inc. will post 9.46 EPS for the current year.
Woodward Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, November 19th. Woodward’s payout ratio is presently 14.24%.
Insider Buying and Selling
In related news, EVP Shawn McLevige sold 2,150 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $356.82, for a total value of $767,163.00. Following the transaction, the executive vice president owned 3,098 shares in the company, valued at $1,105,428.36. This trade represents a 40.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.
Hedge Funds Weigh In On Woodward
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bard Associates Inc. bought a new stake in Woodward during the second quarter worth $28,000. Washington Trust Advisors Inc. acquired a new position in shares of Woodward during the 2nd quarter valued at $33,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Woodward during the third quarter valued at approximately $34,000. Elevation Wealth Partners LLC boosted its stake in Woodward by 550.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 91 shares of the technology company’s stock valued at $39,000 after purchasing an additional 77 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Woodward by 82.5% in the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock valued at $41,000 after buying an additional 52 shares during the last quarter. Institutional investors own 81.18% of the company’s stock.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of control systems and components for the aerospace and industrial markets. The company develops technologies that help manage the flow of fuel, air, and other fluids, as well as mechanical and electrical energy, in engines and other power-generation systems.
Its aerospace products include fuel pumps and metering systems, engine controls, actuators, air valves, and electric power-management systems for commercial aircraft, business aviation, military aircraft, helicopters, and space applications.
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