Q3 2021 EPS Estimates for Woodward, Inc. (NASDAQ:WWD) Raised by Analyst

Woodward, Inc. (NASDAQ:WWD) – Truist Securiti increased their Q3 2021 earnings per share estimates for shares of Woodward in a research report issued on Tuesday, July 20th. Truist Securiti analyst M. Ciarmoli now forecasts that the technology company will post earnings per share of $0.98 for the quarter, up from their previous estimate of $0.93.

Woodward (NASDAQ:WWD) last released its earnings results on Sunday, May 2nd. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. The company had revenue of $581.32 million during the quarter, compared to the consensus estimate of $573.50 million. Woodward had a return on equity of 9.32% and a net margin of 9.46%. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share.

WWD has been the subject of a number of other research reports. Credit Suisse Group upped their price objective on Woodward from $147.00 to $151.00 and gave the company an “outperform” rating in a report on Tuesday, May 4th. Wells Fargo & Company started coverage on Woodward in a report on Wednesday, May 12th. They issued an “equal weight” rating and a $130.00 price objective for the company. Truist Securities upped their price objective on Woodward from $108.00 to $118.00 in a report on Tuesday, May 4th. Finally, Truist upped their price objective on Woodward from $108.00 to $118.00 in a report on Tuesday, May 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Woodward presently has an average rating of “Hold” and a consensus target price of $125.83.

WWD stock opened at $120.52 on Wednesday. The company has a market capitalization of $7.66 billion, a P/E ratio of 37.90, a P/E/G ratio of 2.22 and a beta of 1.72. Woodward has a twelve month low of $73.23 and a twelve month high of $130.75. The company has a current ratio of 4.01, a quick ratio of 2.77 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $122.05.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Woodward by 5.4% during the first quarter. BlackRock Inc. now owns 4,991,811 shares of the technology company’s stock worth $602,163,000 after buying an additional 253,935 shares during the period. Geode Capital Management LLC boosted its position in shares of Woodward by 3.7% during the first quarter. Geode Capital Management LLC now owns 789,369 shares of the technology company’s stock worth $95,221,000 after buying an additional 28,437 shares during the period. Norges Bank acquired a new position in shares of Woodward during the fourth quarter worth about $83,850,000. Northern Trust Corp boosted its position in shares of Woodward by 9.2% during the first quarter. Northern Trust Corp now owns 648,579 shares of the technology company’s stock worth $78,238,000 after buying an additional 54,897 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Woodward by 11.8% during the first quarter. Federated Hermes Inc. now owns 593,926 shares of the technology company’s stock worth $71,645,000 after buying an additional 62,668 shares during the period. 79.01% of the stock is owned by institutional investors.

In other Woodward news, Director Paul Donovan sold 5,383 shares of the business’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $130.05, for a total value of $700,059.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas A. Gendron sold 1,389 shares of the business’s stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $119.33, for a total value of $165,749.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,005 shares of company stock valued at $3,524,983. Insiders own 3.81% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Tuesday, May 18th were paid a $0.162 dividend. The ex-dividend date was Monday, May 17th. This represents a $0.65 dividend on an annualized basis and a yield of 0.54%. Woodward’s payout ratio is 16.41%.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The 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, and 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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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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