Woodward, Inc. (NASDAQ:WWD) – Jefferies Group raised their Q4 2018 earnings per share estimates for Woodward in a note issued to investors on Sunday. Jefferies Group analyst S. Kahyaoglu now anticipates that the technology company will post earnings per share of $1.16 for the quarter, up from their prior estimate of $1.14. Jefferies Group also issued estimates for Woodward’s FY2020 earnings at $4.90 EPS.

Woodward (NASDAQ:WWD) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $606.79 million during the quarter, compared to the consensus estimate of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. Woodward’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS.

Several other brokerages also recently weighed in on WWD. BidaskClub downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine downgraded shares of Woodward from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Cowen reiterated a “hold” rating and issued a $62.00 price target on shares of Woodward in a research note on Thursday, November 9th. Finally, Oppenheimer reiterated a “market perform” rating and issued a $82.00 price target on shares of Woodward in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $77.71.

Shares of Woodward (WWD) traded up $1.25 during trading on Tuesday, reaching $75.74. 294,531 shares of the company traded hands, compared to its average volume of 280,239. The company has a market cap of $4,640.00, a P/E ratio of 23.78, a P/E/G ratio of 1.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28. Woodward has a one year low of $65.22 and a one year high of $82.94.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Friday, November 10th. Woodward’s dividend payout ratio is 15.82%.

In other news, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the sale, the director now directly owns 27,904 shares in the company, valued at approximately $2,223,669.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.93% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. BT Investment Management Ltd bought a new position in Woodward in the 2nd quarter worth about $33,271,000. Black Creek Investment Management Inc. grew its stake in Woodward by 127.5% in the 2nd quarter. Black Creek Investment Management Inc. now owns 731,527 shares of the technology company’s stock worth $49,437,000 after acquiring an additional 409,940 shares in the last quarter. Koch Industries Inc. bought a new position in Woodward in the 2nd quarter worth about $354,000. Teachers Advisors LLC grew its stake in Woodward by 198.3% in the 2nd quarter. Teachers Advisors LLC now owns 304,107 shares of the technology company’s stock worth $20,552,000 after acquiring an additional 202,175 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Woodward by 12.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,122,239 shares of the technology company’s stock worth $88,623,000 after acquiring an additional 125,423 shares in the last quarter. 72.19% of the stock is currently owned by institutional investors.

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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.

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