Analysts Set Expectations for Woodward, Inc.Common Stock’s Q4 2019 Earnings (WWD)

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Woodward, Inc.Common Stock (NASDAQ:WWD) – Stock analysts at Jefferies Financial Group lowered their Q4 2019 EPS estimates for shares of Woodward, Inc.Common Stock in a report issued on Tuesday, November 6th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the technology company will post earnings per share of $1.37 for the quarter, down from their previous estimate of $1.56.

WWD has been the subject of several other reports. ValuEngine downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. BidaskClub downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Wednesday, August 1st. Wood & Company restated a “buy” rating and set a $99.00 price objective on shares of Woodward, Inc.Common Stock in a research report on Wednesday, September 26th. Finally, Barrington Research restated a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Wednesday, August 1st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.43.

NASDAQ:WWD opened at $78.11 on Wednesday. The firm has a market cap of $4.75 billion, a PE ratio of 24.72, a P/E/G ratio of 1.38 and a beta of 1.32. The company has a quick ratio of 1.01, a current ratio of 2.11 and a debt-to-equity ratio of 0.83. Woodward, Inc.Common Stock has a fifty-two week low of $68.56 and a fifty-two week high of $89.30.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH increased its holdings in Woodward, Inc.Common Stock by 3.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 238,179 shares of the technology company’s stock worth $19,259,000 after purchasing an additional 7,818 shares in the last quarter. SG Americas Securities LLC increased its holdings in Woodward, Inc.Common Stock by 139.7% in the 3rd quarter. SG Americas Securities LLC now owns 28,194 shares of the technology company’s stock worth $2,280,000 after purchasing an additional 16,433 shares in the last quarter. Parametrica Management Ltd acquired a new position in Woodward, Inc.Common Stock in the 3rd quarter worth about $346,000. ING Groep NV increased its holdings in Woodward, Inc.Common Stock by 43.3% in the 3rd quarter. ING Groep NV now owns 8,488 shares of the technology company’s stock worth $686,000 after purchasing an additional 2,566 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Woodward, Inc.Common Stock by 14.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,072 shares of the technology company’s stock worth $2,836,000 after purchasing an additional 4,301 shares in the last quarter. 73.62% of the stock is owned by institutional investors and hedge funds.

In other Woodward, Inc.Common Stock news, insider Chad Robert Preiss sold 4,812 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $80.79, for a total value of $388,761.48. Following the completion of the transaction, the insider now owns 21,812 shares of the company’s stock, valued at approximately $1,762,191.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mary L. Petrovich sold 3,800 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $79.78, for a total value of $303,164.00. Following the completion of the transaction, the director now directly owns 25,326 shares of the company’s stock, valued at approximately $2,020,508.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,612 shares of company stock valued at $2,766,704. 6.17% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be given a dividend of $0.1425 per share. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, November 9th. Woodward, Inc.Common Stock’s dividend payout ratio is currently 18.04%.

Woodward, Inc.Common Stock Company Profile

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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Earnings History and Estimates for Woodward, Inc.Common Stock (NASDAQ:WWD)

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