Woodward Inc (NASDAQ: WWD) is 13.99% higher on its value in year-to-date trading and has touched a low of $91.42 and a high of $157.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WWD stock was last observed hovering at around $156.95 in the last trading session, with the day’s loss setting it -1.78%.
Currently trading at $155.17, the stock is 3.48% and 8.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -1.13% at the moment leaves the stock 17.93% off its SMA200. WWD registered 57.55% gain for a year compared to 6-month gain of 26.17%. The firm has a 50-day simple moving average (SMA 50) of $3.23 and a 200-day simple moving average (SMA200) of $19.09.
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The stock witnessed a 8.19% loss in the last 1 month and extending the period to 3 months gives it a 17.01%, and is -0.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.62% over the week and 2.13% over the month.
Woodward Inc (WWD) has around 8800 employees, a market worth around $9.36B and $3.08B in sales. Current P/E ratio is 32.72 and Fwd P/E is 25.83. Profit margin for the company is 9.50%. Distance from 52-week low is 69.73% and -1.75% from its 52-week high. The company has generated returns on investments over the last 12 months (10.23%).
Woodward Inc quarterly earnings per share for the current quarter are estimated at $1.33 with sales reaching $811.24M over the same period.The EPS is expected to grow by 27.50% this year, but quarterly earnings will post 11.40% year-over-year. Quarterly sales are estimated to grow 24.90% in year-over-year returns.
538 institutions hold shares in Woodward Inc (WWD), with institutional investors hold 83.65% of the company’s shares. The shares outstanding are 59.84M, and float is at 56.29M with Short Float at 1.36%. Institutions hold 82.82% of the Float.
The top institutional shareholder in the company is Capital Research Global Investors with over 7.07 million shares valued at $840.7 million. The investor’s holdings represent 11.70% of the WWD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.03 million shares valued at $716.56 million to account for 9.97% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 5.66 million shares representing 9.37% and valued at over $673.19 million, while Eagle Capital Management LLC holds 6.78% of the shares totaling 4.1 million with a market value of $487.32 million.
Woodward Inc (WWD) Insider Activity
The most recent transaction is an insider sale by Cromwell Thomas G, the company’s EVP and COO. SEC filings show that Cromwell Thomas G sold 38,700 shares of the company’s common stock on Mar 01 ’24 at a price of $141.98 per share for a total of $5.49 million. Following the sale, the insider now owns 11833.0 shares.
Woodward Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Fawzy Christopher (EVP, Gen Counsel & Corp Sec) sold a total of 11,000 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $140.00 per share for $1.54 million. Following the transaction, the insider now directly holds 4836.0 shares of the WWD stock.
Still, SEC filings show that on Feb 15 ’24, COHN JOHN D (Director) disposed off 1,500 shares at an average price of $138.86 for $0.21 million. The insider now directly holds 20,531 shares of Woodward Inc (WWD).
