Woodward, Inc.Common Stock (NASDAQ:WWD) updated its FY19 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.70-4.80 for the period, compared to the Thomson Reuters consensus estimate of $4.86. The company issued revenue guidance of approx $2.90 billion, compared to the consensus revenue estimate of $2.87 billion.Woodward, Inc.Common Stock also updated its FY 2019 guidance to $4.70-4.80 EPS.
Several equities research analysts have recently issued reports on the company. Wood & Company reaffirmed a hold rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, May 7th. SunTrust Banks reaffirmed a hold rating and issued a $110.00 target price (down from $118.00) on shares of Woodward, Inc.Common Stock in a report on Friday, June 14th. BidaskClub cut Woodward, Inc.Common Stock from a strong-buy rating to a buy rating in a report on Saturday, July 27th. Barrington Research set a $110.00 target price on Woodward, Inc.Common Stock and gave the stock a buy rating in a report on Tuesday, April 23rd. Finally, ValuEngine cut Woodward, Inc.Common Stock from a buy rating to a hold rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $103.40.
NASDAQ WWD traded down $1.79 during trading hours on Tuesday, hitting $105.15. 809,200 shares of the company were exchanged, compared to its average volume of 448,947. The stock has a 50-day moving average price of $113.84. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59. Woodward, Inc.Common Stock has a 52 week low of $68.40 and a 52 week high of $119.20. The stock has a market capitalization of $6.82 billion, a PE ratio of 27.31, a PEG ratio of 1.79 and a beta of 1.34.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.162 per share. The ex-dividend date is Monday, August 19th. This represents a $0.65 annualized dividend and a dividend yield of 0.62%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 16.88%.
In other Woodward, Inc.Common Stock news, insider Chad Robert Preiss sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $109.53, for a total transaction of $1,369,125.00. Following the completion of the transaction, the insider now owns 29,627 shares in the company, valued at $3,245,045.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher Fawzy sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $113.50, for a total value of $964,750.00. Following the transaction, the vice president now owns 12,006 shares of the company’s stock, valued at approximately $1,362,681. The disclosure for this sale can be found here. Insiders have sold 27,700 shares of company stock valued at $3,084,275 in the last 90 days. Company insiders own 4.61% 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.
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