Woodward, Inc.Common Stock (NASDAQ:WWD) – Investment analysts at Barrington Research upped their Q2 2019 EPS estimates for Woodward, Inc.Common Stock in a research note issued on Tuesday, April 23rd. Barrington Research analyst C. Howe now forecasts that the technology company will post earnings per share of $0.98 for the quarter, up from their prior forecast of $0.94. Barrington Research has a “Buy” rating and a $110.00 price target on the stock. Barrington Research also issued estimates for Woodward, Inc.Common Stock’s Q3 2019 earnings at $1.14 EPS and Q4 2019 earnings at $1.49 EPS.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Monday, January 28th. The technology company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.22. The firm had revenue of $652.80 million for the quarter, compared to analysts’ expectations of $583.12 million. Woodward, Inc.Common Stock had a net margin of 8.42% and a return on equity of 18.03%. The business’s revenue was up 38.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS.
Woodward, Inc.Common Stock stock opened at $102.73 on Thursday. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.74 and a beta of 1.46. The company has a current ratio of 1.96, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. Woodward, Inc.Common Stock has a twelve month low of $68.40 and a twelve month high of $105.21.
In other news, insider Thomas A. Gendron sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $87.60, for a total transaction of $1,138,800.00. Following the transaction, the insider now directly owns 227,390 shares of the company’s stock, valued at $19,919,364. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas A. Gendron sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the transaction, the chief executive officer now directly owns 227,390 shares in the company, valued at $19,328,150. The disclosure for this sale can be found here. Insiders have sold 278,310 shares of company stock worth $25,887,325 over the last ninety days. Insiders own 4.61% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Capital Group LLC boosted its position in shares of Woodward, Inc.Common Stock by 437.6% during the 4th quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock worth $37,000 after acquiring an additional 407 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in shares of Woodward, Inc.Common Stock during the 4th quarter worth approximately $59,000. Meeder Asset Management Inc. acquired a new stake in shares of Woodward, Inc.Common Stock during the 1st quarter worth approximately $94,000. Quantamental Technologies LLC acquired a new stake in shares of Woodward, Inc.Common Stock during the 4th quarter worth approximately $80,000. Finally, Delta Capital Management LLC acquired a new stake in shares of Woodward, Inc.Common Stock during the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 75.41% of the company’s stock.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
Further Reading: Certificate of Deposit (CD)
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