Headlines about Woodward (NASDAQ:WWD) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Woodward earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.5235831376263 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.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- IHS Markit Score upgrades Woodward Inc to 53 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- Insider Selling: Woodward, Inc. (WWD) Director Sells 5,700 Shares of Stock (americanbankingnews.com)
- Sigma Labs Delivers Cloud-Based PrintRite3D® INSPECT® Software Version 2.0 to Woodward Inc. (ih.advfn.com)
- ETFs with exposure to Woodward, Inc. : August 8, 2017 (finance.yahoo.com)
- $599.37 Million in Sales Expected for Woodward, Inc. (NASDAQ:WWD) This Quarter (americanbankingnews.com)
A number of equities research analysts recently issued reports on WWD shares. BidaskClub downgraded Woodward from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Wood & Company started coverage on Woodward in a research report on Thursday, July 13th. They set an “outperform” rating and a $82.00 target price for the company. CIBC started coverage on Woodward in a research note on Friday, July 14th. They issued an “outperform” rating and a $82.00 target price for the company. Stephens assumed coverage on Woodward in a research note on Thursday, April 13th. They issued an “overweight” rating and a $82.00 target price for the company. Finally, Cowen and Company reiterated a “market perform” rating and set a $62.00 price target (up previously from $58.00) on shares of Woodward in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $73.89.
Woodward (NASDAQ:WWD) traded down 1.42% during trading on Thursday, hitting $69.44. 353,654 shares of the company’s stock traded hands. The company’s 50 day moving average is $68.97 and its 200-day moving average is $68.78. The stock has a market cap of $4.26 billion, a P/E ratio of 21.84 and a beta of 1.21. Woodward has a 12 month low of $57.09 and a 12 month high of $72.97.
Woodward (NASDAQ:WWD) last released its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.09. The business had revenue of $548.62 million for the quarter, compared to the consensus estimate of $530.89 million. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. On average, analysts predict that Woodward will post $3.10 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be paid a $0.125 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.72%. Woodward’s payout ratio is currently 15.77%.
In related news, Director Paul Donovan sold 5,700 shares of Woodward 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 owns 39,052 shares in the company, valued at approximately $2,755,118.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Weber, Jr. sold 7,500 shares of Woodward stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $66.49, for a total transaction of $498,675.00. Following the sale, the chief financial officer now owns 34,053 shares of the company’s stock, valued at approximately $2,264,183.97. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by insiders.
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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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