News headlines about Woodward (NASDAQ:WWD) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Woodward earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.7725787903856 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- 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)
Several equities analysts have issued reports on WWD shares. Cowen and Company reiterated a “market perform” rating and issued a $62.00 target price (up previously from $58.00) on shares of Woodward in a research note on Friday, April 21st. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub lowered Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. CL King started coverage on Woodward in a research note on Thursday, June 22nd. They issued a “buy” rating and a $79.00 target price on the stock. Finally, Wood & Company initiated coverage on Woodward in a research note on Thursday, July 13th. They issued an “outperform” rating and a $82.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $73.89.
Shares of Woodward (WWD) opened at 69.47 on Friday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 21.85 and a beta of 1.21. The stock’s 50 day moving average price is $69.06 and its 200-day moving average price is $68.81. Woodward has a 52 week low of $57.09 and a 52 week high of $72.97.
Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.09. The firm had revenue of $548.62 million during the quarter, compared to analyst estimates of $530.89 million. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. Equities analysts anticipate that Woodward will post $3.10 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be issued a $0.125 dividend. The ex-dividend date of this dividend 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 15.77%.
In related news, Director Paul Donovan sold 5,700 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $2,755,118.60. The transaction 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 the company’s stock in a transaction on 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 $2,264,183.97. The disclosure for this sale can be found here. Corporate insiders own 5.93% of the company’s stock.
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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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