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Woodward (WWD)

Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company's innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Its customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA.

Company profile

Ticker
WWD
Exchange
CEO
Thomas Gendron
Employees
Incorporated
Location
Fiscal year end
Former names
WOODWARD GOVERNOR CO
SEC CIK
Subsidiaries
Convergence Fuel Systems, LLC • Fluid Mechanics, LLC • Genesis Merger Sub, Inc. • Superturbo Technologies, Inc. • Techni-Core, Inc • MPC Products Corporation • Woodward FST, Inc. • Woodward Controls, LLC • Woodward International, Inc • Woodward Aken GmbH ...
IRS number
361984010

WWD stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$94.00
Low target
$88.00
High target
$100.00
Wells Fargo
Maintains
Equal-Weight
$100.00
2 Aug 22
Truist Securities
Downgraded
Hold
$88.00
2 Aug 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Aug 22
12 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 99.7M 99.7M 99.7M 99.7M 99.7M 99.7M
Cash burn (monthly) 36.22M 21.86M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 52.68M 31.8M n/a n/a n/a n/a
Cash remaining 47.02M 67.91M n/a n/a n/a n/a
Runway (months of cash) 1.3 3.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 Donovan Paul Woodward, Inc. Common Stock Buy Acquire P No No 95.86 800 76.69K 11,100
4 Aug 22 Donovan Paul Woodward, Inc. Common Stock Buy Acquire P No No 95.143 4,000 380.57K 10,300
4 Aug 22 Donovan Paul Woodward, Inc. Common Stock Buy Acquire P No No 94.198 5,200 489.83K 6,300
3 Aug 22 Charles P Blankenship Woodward, Inc. Common Stock Buy Acquire P No No 94.967 500 47.48K 37,100
3 Aug 22 Donovan Paul Woodward, Inc. Common Stock Buy Acquire P No No 92.46 1,100 101.71K 1,100
5 Jul 22 Eileen P. Drake Phantom Stock Woodward, Inc. Common Stock Grant Acquire A No No 92.09 211.749 19.5K 553.504
5 Jul 22 Daniel G. Korte Phantom Stock Woodward, Inc. Common Stock Grant Acquire A No No 92.09 211.749 19.5K 553.504
2 Jun 22 Gendron Thomas A Woodward, Inc. Common Stock Sell Dispose S Yes No 102.3475 10,000 1.02M 32,000
85.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 325 335 -3.0%
Opened positions 41 48 -14.6%
Closed positions 51 45 +13.3%
Increased positions 124 115 +7.8%
Reduced positions 99 105 -5.7%
13F shares Current Prev Q Change
Total value 6.41B 5.54B +15.7%
Total shares 51.33M 50.62M +1.4%
Total puts 12.6K 29.1K -56.7%
Total calls 464K 225.3K +105.9%
Total put/call ratio 0.0 0.1 -79.0%
Largest owners Shares Value Change
Capital Research Global Investors 7.04M $879.81M +0.1%
BLK Blackrock 5.75M $718.13M +15.4%
Vanguard 5.44M $679.98M +0.2%
Eagle Capital Management 3.76M $469.27M +103.5%
STT State Street 2.13M $266.6M +41.1%
Deccan Value Investors 1.72M $214.72M -13.3%
Cooke & Bieler 1.61M $200.59M -6.9%
Atlanta Capital Management Co L L C 1.42M $177.36M +1.7%
JPM JPMorgan Chase & Co. 1.16M $144.36M -20.1%
Brown Brothers Harriman & Co 1.06M $132.36M -17.8%
Largest transactions Shares Bought/sold Change
Eagle Capital Management 3.76M +1.91M +103.5%
BLK Blackrock 5.75M +768.98K +15.4%
STT State Street 2.13M +621.56K +41.1%
Ceredex Value Advisors 483.85K -541.29K -52.8%
Norges Bank 0 -487.95K EXIT
Millennium Management 0 -431.37K EXIT
JPM JPMorgan Chase & Co. 1.16M -290.21K -20.1%
Deccan Value Investors 1.72M -264.54K -13.3%
Nuveen Asset Management 245.28K -255.34K -51.0%
Brown Brothers Harriman & Co 1.06M -229.74K -17.8%

Financial report summary

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Risks
  • We operate in highly competitive industries and, if we are unable to compete effectively in one or more of our markets, our business, financial condition and results of operations will be adversely affected.
  • The long sales cycle, customer evaluation process, and implementation period of our products and services may increase the costs of obtaining orders and reduce the predictability of sales cycles and our inventory requirements.
  • Our participation in a strategic joint venture with GE may make it more difficult to secure long-term sales in certain aerospace markets.
  • Suppliers may be unable to provide us with materials of sufficient quality or quantity to meet our production needs at favorable prices or at all which may adversely affect our revenue and margins.
  • Our profitability may suffer if we are unable to manage our expenses in connection with sales increases, sales decreases, or if we experience change in product mix.
  • Our debt obligations and the restrictive covenants in the agreements governing our debt could limit our ability to operate our business or pursue our business strategies, could adversely affect our business, financial condition, results of operations, and cash flows, and could significantly reduce stockholder benefits from a change of control event.
  • Additional tax expense or additional tax exposures could impact our future profitability.
  • Our financial and operating performance depends on continued access to a stable workforce and on favorable labor relations with our employees.
  • Our operations and suppliers may be subject to physical and other risks that could disrupt our operations.
  • Our intellectual property rights may not be sufficient to protect all our products or technologies and we may, regardless of intent, infringe on the intellectual property rights of others.
  • Amounts accrued for contingencies may be inadequate to cover the amount of loss when the matters are ultimately resolved.
  • Our business and operations may be adversely affected by cybersecurity breaches or other information technology system or network interruptions or intrusions.
  • Increasing emission standards that drive certain product sales may be eased or delayed, which could reduce our competitive advantage.
  • Prices for fossil fuels may increase significantly and disproportionately to other sources of fuels used for power generation, which could reduce our sales and adversely affect our business, financial condition, results of operations, and cash flows.
  • Long-term reduced commodity prices for oil, natural gas, and other minerals may depress the markets for certain of our products and services, particularly those from our Industrial segment.
  • Our product development activities may not be successful, may be more costly than currently anticipated, or we may not be able to produce newly developed products at a cost that meets the anticipated product cost structure.
  • Product liability claims, product recalls or other liabilities associated with the products and services we provide may force us to pay substantial damage awards and other expenses that could exceed our accruals and insurance coverage.
  • We may be unable to successfully execute or effectively integrate acquisitions, and divestitures may not occur as planned.
  • Our restructuring activities may increase our expenses and reduce our profitability, and may not have the intended effects.
  • Our manufacturing activities may result in future environmental costs or liabilities.
  • Failure of our production lines, or those of our subcontractors, to meet required certification standards could disrupt production.
Management Discussion
  • Consolidated net sales for fiscal year 2021 decreased by $249,833, or 10.0%, compared to fiscal year 2020.
  • In the Aerospace segment, the decrease in net sales for fiscal year 2021 as compared to fiscal year 2020 is primarily attributable to a decrease in commercial sales resulting from the secular decline in global passenger traffic and OEM production rates as a result of the global COVID-19 pandemic.  In the Industrial segment, the decrease in net sales for fiscal year 2021 as compared to fiscal year 2020 is primarily attributable to the divestiture of the disposal group, and continued weakness in the oil and gas market and the associated aftermarket due to the ongoing impact of the COVID-19 pandemic, partially offset by favorable effects of foreign currency exchange rates.
  • During fiscal year 2021, consolidated net sales were negatively impacted by approximately $32,000 due to global supply chain disruptions, which delayed delivery of orders scheduled for shipment during the fiscal year.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accurately, external, geopolitical, greater, intent, recruiting, RSU, turbomachinery, variety
Removed: closest, combined, declared, diligent, excellence, Gendron, Health, led, likewise, manufacturer, MAX, navigate, oil, original, passenger, prioritize, quickly, recovering, shipment, softening, traffic