Woodward, Inc. (NASDAQ:WWD) traded at $108.64 at last check on Friday, Nov 20, making a downturn move of -1.26% on its previous day’s price.
Looking at the stock we see that its previous close was $110.03 and the beta (5Y monthly) reads 1.59 with the day’s price range being $106.04 – 111.25. The company has a 12-month trailing PE ratio of 28.01. In terms of its 52-week price range, WWD has a high of $129.06 and a low of $46.51. The company’s stock has gained about 29.36% over that past 30 days.
Woodward, has a market cap of $6.42 Billion and is expected to release its quarterly earnings report on Feb 01, 2021- Feb 05, 2021. With its Forward Dividend at 0.33 and a yield of 0.3%, the company’s investors could be anxious for the WWD stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.65, with the EPS growth for the year declined at $3.23 for 2020 and $4.35 for next year. These figures represent -0.18% and at 0.35% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the WWD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare Woodward, (WWD) stock to its peers. We find that today’s price change of -1.26% and -2.56% over the past 12 months for WWD competes that of Sensata Technologies Holding N.V. (ST), which has seen its stock price fall -0.52% in the latest trading session and is -6.55% over the last one year. Another of its peers Watts Water Technologies (WTS) has dropped -0.08% today, and is +22.19% up over the past year, while Badger Meter (BMI) is also down -1.26% yet its price remains in the red at -2.56% over the same period. Sensata has a P/E ratio of 85.7 compared to Woodward,’s 28.01 and Watts 33.87. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Woodward, Inc. (NASDAQ:WWD), we note that the average 3-month trading volume was 318.44 Million, while that of the preceding 10-day period stands at 455.19 Million. Current shares outstanding are 62.38 Million.
According to data from Thomson Reuters, insiders hold 6.88% of the company’s shares while institutions hold 83.26%. The data shows that short shares as of October 29, 2020, stood at 2.68 Million at a short ratio of 10.42. This represents a 4.3% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 2.53 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -8.27% down in year-to-date price movement.