Woodward, Inc.Common Stock (NASDAQ:WWD) announced its quarterly earnings results on Monday. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13, Bloomberg Earnings reports. The business had revenue of $752.01 million for the quarter, compared to analyst estimates of $699.59 million. Woodward, Inc.Common Stock had a return on equity of 19.75% and a net margin of 9.21%. The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 earnings per share. Woodward, Inc.Common Stock updated its FY 2019 guidance to $4.70-4.80 EPS and its FY19 guidance to $4.70-4.80 EPS.
Shares of Woodward, Inc.Common Stock stock traded down $0.01 on Wednesday, hitting $105.14. The company had a trading volume of 78,012 shares, compared to its average volume of 349,077. The firm has a market capitalization of $6.53 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $119.20. The stock’s 50 day simple moving average is $113.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 1.10.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be paid a $0.162 dividend. This represents a $0.65 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, August 19th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 16.88%.
In other news, insider Chad Robert Preiss sold 12,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $109.53, for a total value of $1,369,125.00. Following the completion of the sale, the insider now directly owns 29,627 shares of the company’s stock, valued at $3,245,045.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronald M. Sega sold 6,700 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total value of $750,400.00. Following the completion of the sale, the director now directly owns 18,975 shares of the company’s stock, valued at $2,125,200. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,700 shares of company stock valued at $3,084,275. Company insiders own 4.61% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Woodward, Inc.Common Stock by 30.9% in the 4th quarter. Stifel Financial Corp now owns 12,879 shares of the technology company’s stock valued at $959,000 after acquiring an additional 3,037 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Woodward, Inc.Common Stock in the 4th quarter valued at about $309,000. Legal & General Group Plc lifted its holdings in Woodward, Inc.Common Stock by 7.7% in the 4th quarter. Legal & General Group Plc now owns 68,101 shares of the technology company’s stock valued at $5,060,000 after acquiring an additional 4,897 shares during the last quarter. Amalgamated Bank lifted its holdings in Woodward, Inc.Common Stock by 127.1% in the 4th quarter. Amalgamated Bank now owns 8,395 shares of the technology company’s stock valued at $624,000 after acquiring an additional 4,699 shares during the last quarter. Finally, Norges Bank acquired a new stake in Woodward, Inc.Common Stock in the 4th quarter valued at about $40,686,000. 74.77% of the stock is owned by hedge funds and other institutional investors.
Woodward, Inc.Common Stock Company Profile
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.
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