Barrington Research Initiates Coverage on Woodward Inc to Market Perform

Barrington Research Initiates Coverage on Woodward Inc(NASDAQ:WWD). The shares have been rated Market Perform. The rating by Barrington Research was issued on Sep 16, 2016.

Woodward Inc (WWD) made into the market gainers list on Thursdays trading session with the shares advancing 1.57% or 0.95 points. Due to strong positive momentum, the stock ended at $61.57, which is also near the day’s high of $61.6499. The stock began the session at $61.28 and the volume stood at 2,54,786 shares. The 52-week high of the shares is $63.98 and the 52 week low is $39.68. The company has a current market capitalization of $3,785 M and it has 6,14,81,213 shares in outstanding.

Woodward Inc has also declared a cash dividend of $0.1100 on Sep 15, 2016. The shares will quote ex-dividend on Nov 10, 2016 and the record date has been fixed on Nov 14, 2016. The dividend payable date has been fixed on Nov 28, 2016.

Woodward Inc(WWD) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $507.66M. Analysts had an estimated revenue of $521.70M. Earnings per share were $0.81. Analysts had estimated an EPS of $0.76.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Christopher Fawzy (VP, Gen Counsel & Corp Sec) sold 6,000 shares at $59.30 per share price.Also, On Jul 29, 2016, Mary L Petrovich (director) sold 8,200 shares at $58.54 per share price.On May 3, 2016, Thomas A Gendron (President and CEO) sold 74,000 shares at $54.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Woodward Inc. is a designer manufacturer and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States Europe and Asia and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Company focuses primarily on original equipment manufacturers (OEMs) and equipment packagers partnering with them to bring component and system solutions to their demanding applications. The Company operates in two segments: Aerospace and Energy. The Company also provides aftermarket repair replacement and other service support for its installed products.

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