Woodward (WWD) Set to Announce Quarterly Earnings on Monday

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

Woodward Stock Performance

Shares of WWD opened at $169.54 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.29. Woodward has a one year low of $126.31 and a one year high of $188.35. The firm 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 business has a fifty day moving average of $167.09 and a 200 day moving average of $170.89.

Woodward Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio is 16.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WWD shares. The Goldman Sachs Group reduced their price target on shares of Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Truist Financial upgraded shares of Woodward from a “hold” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $187.00 in a research note on Wednesday, August 21st. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded Woodward from a “hold” rating to a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Woodward presently has a consensus rating of “Moderate Buy” and an average target price of $174.67.

Insider Buying and Selling at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $177.65, for a total transaction of $1,776,500.00. Following the sale, the chief operating officer now owns 11,511 shares in the company, valued at $2,044,929.15. This trade represents a 46.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 27,913 shares of company stock valued at $4,907,304 over the last ninety days. 1.12% of the stock is currently owned by company insiders.

Woodward Company Profile

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.