Woodward, Inc. (NASDAQ:WWD) Forecasted to Post Q2 2023 Earnings of $0.86 Per Share

Woodward, Inc. (NASDAQ:WWDGet Rating) – Stock analysts at Jefferies Financial Group issued their Q2 2023 earnings estimates for shares of Woodward in a report issued on Tuesday, November 22nd. Jefferies Financial Group analyst S. Kahyaoglu anticipates that the technology company will post earnings per share of $0.86 for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $90.00 price target on the stock. The consensus estimate for Woodward’s current full-year earnings is $3.44 per share. Jefferies Financial Group also issued estimates for Woodward’s FY2023 earnings at $3.25 EPS and FY2025 earnings at $4.10 EPS.

A number of other brokerages have also recently issued reports on WWD. Wells Fargo & Company increased their target price on shares of Woodward from $100.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, November 18th. Wolfe Research cut shares of Woodward from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research report on Monday. Barclays dropped their target price on shares of Woodward from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Truist Financial increased their price objective on shares of Woodward from $80.00 to $88.00 in a report on Friday, November 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Woodward presently has an average rating of “Hold” and a consensus price target of $105.86.

Woodward Trading Down 0.8 %

Shares of Woodward stock opened at $98.35 on Thursday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.50. The company has a quick ratio of 1.48, a current ratio of 2.43 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $89.77 and a 200 day simple moving average of $94.14. Woodward has a 12-month low of $79.26 and a 12-month high of $129.12.

Woodward Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, November 10th. Woodward’s dividend payout ratio is currently 27.84%.

Insider Activity

In other news, CFO Mark D. Hartman sold 5,300 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $92.21, for a total value of $488,713.00. Following the transaction, the chief financial officer now owns 2,585 shares of the company’s stock, valued at approximately $238,362.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Mark D. Hartman sold 5,300 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $92.21, for a total value of $488,713.00. Following the transaction, the chief financial officer now owns 2,585 shares of the company’s stock, valued at approximately $238,362.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles P. Blankenship bought 500 shares of Woodward stock in a transaction dated Monday, August 29th. The stock was acquired at an average cost of $95.85 per share, for a total transaction of $47,925.00. Following the purchase, the chief executive officer now directly owns 38,100 shares in the company, valued at approximately $3,651,885. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 12,000 shares of company stock valued at $1,127,640. 3.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WWD. Quadrant Capital Group LLC boosted its stake in Woodward by 226.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 307 shares of the technology company’s stock worth $25,000 after acquiring an additional 213 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Woodward during the 2nd quarter worth approximately $28,000. Wipfli Financial Advisors LLC bought a new position in Woodward during the 3rd quarter worth approximately $35,000. Meeder Asset Management Inc. bought a new position in Woodward during the 1st quarter worth approximately $41,000. Finally, Ellevest Inc. boosted its stake in Woodward by 73.8% during the 2nd quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock worth $46,000 after acquiring an additional 211 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

About Woodward

(Get Rating)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through two segments: Aerospace and Industrial. The 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.

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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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