Woodward (WWD) to Release Earnings on Monday

Woodward (NASDAQ:WWD - Get Free Report) is scheduled to be releasing 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 listen to the company's earnings conference call can do so using this link.

Woodward Trading Up 0.2 %

Woodward stock traded up $0.37 during mid-day trading on Monday, hitting $169.91. The stock had a trading volume of 289,026 shares, compared to its average volume of 419,408. The stock has a 50-day simple moving average of $167.20 and a two-hundred day simple moving average of $170.91. The stock has a market capitalization of $10.14 billion, a PE ratio of 28.41, a P/E/G ratio of 1.80 and a beta of 1.38. Woodward has a 12 month low of $128.52 and a 12 month high of $188.35. The company has a current ratio of 1.96, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.

Woodward Dividend Announcement

The business 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 dividend of $0.25 per share. 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 (DPR) is currently 16.72%.

Insiders Place Their Bets

In other news, COO Thomas G. Cromwell sold 7,913 shares of Woodward stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $175.13, for a total transaction of $1,385,803.69. Following the completion of the transaction, the chief operating officer now directly owns 11,511 shares in the company, valued at approximately $2,015,921.43. The trade was a 40.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 27,913 shares of company stock valued at $4,907,304 in the last 90 days. 1.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

WWD has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their target price on Woodward from $228.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on Woodward from $158.00 to $162.00 and gave the stock a "hold" rating in a research report on Thursday, October 3rd. Jefferies Financial Group raised Woodward from a "hold" rating to a "buy" rating and raised their price target for the stock from $170.00 to $190.00 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. Finally, Truist Financial raised Woodward from a "hold" rating to a "buy" rating and raised their price target for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.67.

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.