Equities Analysts Set Expectations for Woodward, Inc.’s Q2 2023 Earnings (NASDAQ:WWD)

Woodward, Inc. (NASDAQ:WWDGet Rating) – Research analysts at William Blair issued their Q2 2023 EPS estimates for shares of Woodward in a research report issued to clients and investors on Monday, November 21st. William Blair analyst N. Heymann expects that the technology company will earn $0.86 per share for the quarter. The consensus estimate for Woodward’s current full-year earnings is $3.44 per share. William Blair also issued estimates for Woodward’s Q3 2023 earnings at $0.90 EPS, Q4 2023 earnings at $1.15 EPS, FY2023 earnings at $3.55 EPS and FY2024 earnings at $4.35 EPS.

WWD has been the topic of several other reports. Jefferies Financial Group reiterated a “hold” rating and set a $90.00 price target on shares of Woodward in a report on Wednesday, September 14th. StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research note on Monday. Barclays dropped their target price on shares of Woodward from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Monday. Truist Financial upped their target price on shares of Woodward from $80.00 to $88.00 in a research note on Friday, November 18th. Finally, Wells Fargo & Company upped their target price on shares of Woodward from $100.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, November 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Woodward presently has a consensus rating of “Hold” and an average target price of $105.86.

Woodward Stock Performance

Shares of NASDAQ:WWD opened at $98.35 on Wednesday. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.13 and a beta of 1.50. Woodward has a 12 month low of $79.26 and a 12 month high of $129.12. The firm’s 50-day moving average is $89.77 and its 200 day moving average is $94.14. The company has a current ratio of 2.43, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37.

Woodward Dividend Announcement

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

Insider Activity

In other news, Director David P. Hess bought 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average price of $93.93 per share, with a total value of $1,033,230.00. Following the completion of the transaction, the director now directly owns 15,400 shares of the company’s stock, valued at approximately $1,446,522. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Woodward news, CFO Mark D. Hartman sold 5,300 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $92.21, for a total value of $488,713.00. Following the completion of the transaction, the chief financial officer now owns 2,585 shares of the company’s stock, valued at $238,362.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David P. Hess purchased 11,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was bought at an average cost of $93.93 per share, with a total value of $1,033,230.00. Following the acquisition, the director now owns 15,400 shares of the company’s stock, valued at approximately $1,446,522. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 12,000 shares of company stock worth $1,127,640. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of Woodward

Hedge funds and other institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new stake in shares of Woodward in the second quarter worth $28,000. Quadrant Capital Group LLC increased its stake in shares of Woodward by 226.6% in the third 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 period. Meeder Asset Management Inc. acquired a new stake in shares of Woodward in the first quarter worth $41,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Woodward in the third quarter worth $35,000. Finally, Ellevest Inc. increased its stake in shares of Woodward by 73.8% in the second quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock worth $46,000 after acquiring an additional 211 shares during the period. Institutional investors and hedge funds 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.

Further Reading

Earnings History and Estimates for Woodward (NASDAQ:WWD)

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