News coverage about Woodward (NASDAQ:WWD) has trended somewhat positive this week, AlphaOne Sentiment Analysis reports. AlphaOne, a unit of Accern, ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Woodward earned a news sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also gave media coverage about the technology company an impact score of 85 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the next several days.
A number of analysts have weighed in on the stock. Cowen and Company restated a “market perform” rating and set a $62.00 price objective (up from $58.00) on shares of Woodward in a research note on Friday, April 21st. Stephens began coverage on shares of Woodward in a research note on Thursday, April 13th. They issued an “overweight” rating and a $82.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $68.67.
Shares of Woodward (NASDAQ:WWD) traded up 0.79% during mid-day trading on Friday, hitting $69.14. 692,641 shares of the stock were exchanged. Woodward has a 52-week low of $53.18 and a 52-week high of $72.28. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 22.08 and a beta of 1.20. The stock has a 50-day moving average price of $68.17 and a 200 day moving average price of $68.89.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Wednesday, April 19th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.06. Woodward had a net margin of 9.74% and a return on equity of 16.41%. The company had revenue of $500.40 million for the quarter, compared to analyst estimates of $498.56 million. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Woodward will post $3.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 22nd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.50 annualized dividend and a dividend yield of 0.72%. Woodward’s dividend payout ratio (DPR) is currently 15.97%.
In other news, CFO Robert F. Weber, Jr. sold 7,500 shares of the company’s 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 transaction, the chief financial officer now owns 34,053 shares in the company, valued at $2,264,183.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary L. Petrovich acquired 7,300 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were bought at an average price of $68.35 per share, for a total transaction of $498,955.00. Following the acquisition, the director now owns 22,204 shares of the company’s stock, valued at $1,517,643.40. The disclosure for this purchase can be found here. Corporate insiders own 5.93% of the company’s stock.
WARNING: “Woodward (WWD) Receiving Somewhat Positive Press Coverage, Study Shows” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.themarketsdaily.com/2017/06/16/woodward-wwd-given-daily-coverage-optimism-rating-of-0-04-updated-updated-updated.html.
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.
Receive News & Ratings for Woodward Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc. and related companies with MarketBeat.com's FREE daily email newsletter.