Woodward, Inc.Common Stock (NASDAQ:WWD) – Analysts at SunTrust Banks lowered their Q4 2018 earnings estimates for Woodward, Inc.Common Stock in a research report issued to clients and investors on Wednesday, October 17th, Zacks Investment Research reports. SunTrust Banks analyst M. Ciarmoli now expects that the technology company will earn $1.30 per share for the quarter, down from their previous forecast of $1.32. SunTrust Banks also issued estimates for Woodward, Inc.Common Stock’s Q4 2019 earnings at $1.39 EPS and FY2019 earnings at $4.57 EPS.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $719.40 million during the quarter, compared to analyst estimates of $689.01 million. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 17.08%. Woodward, Inc.Common Stock’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share.
NASDAQ WWD traded down $1.21 on Thursday, hitting $82.69. 329,882 shares of the stock were exchanged, compared to its average volume of 295,869. The company has a quick ratio of 1.01, a current ratio of 2.11 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.42 and a beta of 1.32. Woodward, Inc.Common Stock has a 52-week low of $68.56 and a 52-week high of $89.30.
Institutional investors have recently made changes to their positions in the business. HighPoint Advisor Group LLC bought a new position in Woodward, Inc.Common Stock in the third quarter worth about $218,000. Associated Banc Corp bought a new position in Woodward, Inc.Common Stock in the third quarter worth about $279,000. Jane Street Group LLC bought a new position in Woodward, Inc.Common Stock in the second quarter worth about $283,000. First Hawaiian Bank bought a new position in Woodward, Inc.Common Stock in the third quarter worth about $287,000. Finally, GAM Holding AG raised its holdings in Woodward, Inc.Common Stock by 24.0% in the second quarter. GAM Holding AG now owns 3,851 shares of the technology company’s stock worth $296,000 after purchasing an additional 746 shares in the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.
In related news, CFO Robert F. Weber, Jr. sold 10,865 shares of Woodward, Inc.Common Stock stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $79.14, for a total value of $859,856.10. Following the completion of the sale, the chief financial officer now directly owns 35,688 shares in the company, valued at $2,824,348.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 9,135 shares of Woodward, Inc.Common Stock stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $80.09, for a total value of $731,622.15. Following the completion of the sale, the chief financial officer now owns 35,688 shares of the company’s stock, valued at $2,858,251.92. The disclosure for this sale can be found here. Insiders have sold 29,800 shares of company stock valued at $2,377,942 over the last three months. Insiders own 6.17% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.1425 per share. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, November 9th. Woodward, Inc.Common Stock’s payout ratio is currently 14.81%.
Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.
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