Woodward (WWD) Receiving Somewhat Favorable Media Coverage, Study Shows

Media coverage about Woodward (NASDAQ:WWD) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Woodward earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 48.3221058181651 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of brokerages have issued reports on WWD. Zacks Investment Research cut shares of Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Cowen reissued a “hold” rating and set a $62.00 target price on shares of Woodward in a report on Sunday, December 10th. Wood & Company cut shares of Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. SunTrust Banks boosted their target price on shares of Woodward to $77.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Finally, Oppenheimer reissued a “market perform” rating and set a $82.00 target price on shares of Woodward in a report on Thursday, October 26th. One research 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. Woodward currently has an average rating of “Hold” and an average price target of $77.71.

Woodward (NASDAQ WWD) traded down $0.64 during trading on Friday, hitting $76.54. 218,641 shares of the stock traded hands, compared to its average volume of 309,474. The company has a market capitalization of $4,688.15, a PE ratio of 24.22, a P/E/G ratio of 1.87 and a beta of 1.23. Woodward has a 52-week low of $65.22 and a 52-week high of $82.94. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42.

Woodward (NASDAQ:WWD) last released its quarterly 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 firm had revenue of $606.79 million for the quarter, compared to analysts’ expectations of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. equities research analysts forecast that Woodward will post 3.4 EPS for the current year.

In other news, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the transaction, the director now owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 6.17% of the company’s stock.

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About Woodward

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.

Insider Buying and Selling by Quarter for Woodward (NASDAQ:WWD)

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