Woodward (WWD) Receiving Somewhat Favorable News Coverage, Study Finds
News stories about Woodward (NASDAQ:WWD) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Woodward earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.0335412035999 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Woodward, Inc. (WWD) Upgraded to “Hold” by Zacks Investment Research (americanbankingnews.com)
- Monthly positive Overview- Woodward, Inc. (WWD) moved 12.53% – Street Observer (press release) (streetobserver.com)
- Woodward, Inc. (WWD) Lifted to “Strong-Buy” at BidaskClub (americanbankingnews.com)
- Head to Head Review: Timken Company (The) (TKR) & Woodward (WWD) (americanbankingnews.com)
- $599.37 Million in Sales Expected for Woodward, Inc. (WWD) This Quarter (americanbankingnews.com)
Woodward (NASDAQ:WWD) opened at 78.97 on Tuesday. The stock’s 50 day moving average is $71.67 and its 200-day moving average is $69.24. The company has a market capitalization of $4.84 billion, a P/E ratio of 24.83 and a beta of 1.24. Woodward has a 12-month low of $57.09 and a 12-month high of $79.00.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The firm had revenue of $548.62 million for the quarter, compared to analysts’ expectations of $530.89 million. During the same quarter last year, the business earned $0.81 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Woodward will post $3.10 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a $0.125 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.63%. Woodward’s payout ratio is presently 15.77%.
WWD has been the subject of several research reports. BidaskClub upgraded shares of Woodward from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Wood & Company started coverage on Woodward in a research note on Thursday, July 13th. They set an “outperform” rating and a $82.00 price target on the stock. Oppenheimer Holdings, Inc. started coverage on Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target for the company. Finally, CIBC started coverage on Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $74.75.
In other Woodward news, Director John A. Halbrook sold 1,800 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $70.60, for a total value of $127,080.00. Following the completion of the sale, the director now owns 345,721 shares of the company’s stock, valued at approximately $24,407,902.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Donovan sold 5,700 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total transaction of $402,135.00. Following the completion of the sale, the director now directly owns 39,052 shares of the company’s stock, valued at approximately $2,755,118.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,200 shares of company stock worth $1,138,389. 5.93% of the stock is owned by insiders.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
Receive News & Stock Ratings for Woodward Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc. and related stocks with our FREE daily email newsletter.