Intrinsic value of Woodward - WWD

Previous Close

$75.16

  Intrinsic Value

$73.47

stock screener

  Rating & Target

hold

-2%

Previous close

$75.16

 
Intrinsic value

$73.47

 
Up/down potential

-2%

 
Rating

hold

We calculate the intrinsic value of WWD stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  7.20
  6.98
  6.78
  6.60
  6.44
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.18
  5.16
  5.14
  5.13
  5.12
  5.10
Revenue, $m
  2,250
  2,407
  2,570
  2,740
  2,916
  3,100
  3,291
  3,490
  3,698
  3,914
  4,140
  4,376
  4,622
  4,879
  5,147
  5,428
  5,721
  6,028
  6,350
  6,686
  7,038
  7,407
  7,794
  8,198
  8,623
  9,068
  9,534
  10,023
  10,535
  11,073
Variable operating expenses, $m
  1,428
  1,522
  1,621
  1,723
  1,829
  1,940
  2,055
  2,175
  2,300
  2,430
  2,494
  2,636
  2,784
  2,938
  3,100
  3,269
  3,446
  3,631
  3,824
  4,027
  4,239
  4,461
  4,694
  4,938
  5,193
  5,461
  5,742
  6,037
  6,345
  6,669
Fixed operating expenses, $m
  505
  516
  527
  539
  551
  563
  575
  588
  601
  614
  628
  641
  656
  670
  685
  700
  715
  731
  747
  763
  780
  797
  815
  833
  851
  870
  889
  909
  929
  949
Total operating expenses, $m
  1,933
  2,038
  2,148
  2,262
  2,380
  2,503
  2,630
  2,763
  2,901
  3,044
  3,122
  3,277
  3,440
  3,608
  3,785
  3,969
  4,161
  4,362
  4,571
  4,790
  5,019
  5,258
  5,509
  5,771
  6,044
  6,331
  6,631
  6,946
  7,274
  7,618
Operating income, $m
  317
  368
  422
  478
  536
  597
  661
  727
  797
  870
  1,019
  1,099
  1,183
  1,270
  1,362
  1,459
  1,560
  1,667
  1,778
  1,896
  2,019
  2,149
  2,285
  2,428
  2,578
  2,736
  2,903
  3,078
  3,261
  3,455
EBITDA, $m
  457
  513
  571
  632
  696
  762
  832
  904
  980
  1,059
  1,142
  1,229
  1,320
  1,416
  1,516
  1,621
  1,731
  1,846
  1,968
  2,095
  2,229
  2,369
  2,517
  2,672
  2,835
  3,007
  3,187
  3,376
  3,575
  3,785
Interest expense (income), $m
  28
  33
  39
  44
  50
  56
  62
  69
  76
  83
  90
  98
  106
  114
  123
  132
  142
  152
  162
  173
  185
  197
  209
  223
  236
  251
  266
  282
  299
  316
  334
Earnings before tax, $m
  284
  330
  378
  428
  480
  535
  592
  652
  714
  780
  921
  993
  1,068
  1,147
  1,230
  1,317
  1,408
  1,504
  1,605
  1,711
  1,822
  1,939
  2,062
  2,191
  2,327
  2,470
  2,621
  2,779
  2,945
  3,121
Tax expense, $m
  77
  89
  102
  116
  130
  144
  160
  176
  193
  210
  249
  268
  288
  310
  332
  356
  380
  406
  433
  462
  492
  524
  557
  592
  628
  667
  708
  750
  795
  843
Net income, $m
  207
  241
  276
  312
  351
  390
  432
  476
  521
  569
  672
  725
  780
  837
  898
  961
  1,028
  1,098
  1,172
  1,249
  1,330
  1,416
  1,505
  1,600
  1,699
  1,803
  1,913
  2,029
  2,150
  2,278

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,956
  3,163
  3,377
  3,600
  3,832
  4,074
  4,325
  4,587
  4,859
  5,144
  5,440
  5,750
  6,073
  6,411
  6,764
  7,133
  7,518
  7,922
  8,344
  8,786
  9,249
  9,734
  10,241
  10,773
  11,331
  11,915
  12,528
  13,170
  13,844
  14,551
Adjusted assets (=assets-cash), $m
  2,956
  3,163
  3,377
  3,600
  3,832
  4,074
  4,325
  4,587
  4,859
  5,144
  5,440
  5,750
  6,073
  6,411
  6,764
  7,133
  7,518
  7,922
  8,344
  8,786
  9,249
  9,734
  10,241
  10,773
  11,331
  11,915
  12,528
  13,170
  13,844
  14,551
Revenue / Adjusted assets
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
  0.761
Average production assets, $m
  1,361
  1,456
  1,555
  1,658
  1,764
  1,876
  1,991
  2,112
  2,237
  2,368
  2,505
  2,647
  2,796
  2,952
  3,114
  3,284
  3,461
  3,647
  3,842
  4,045
  4,258
  4,481
  4,715
  4,960
  5,217
  5,486
  5,768
  6,064
  6,374
  6,699
Working capital, $m
  578
  619
  661
  704
  749
  797
  846
  897
  950
  1,006
  1,064
  1,125
  1,188
  1,254
  1,323
  1,395
  1,470
  1,549
  1,632
  1,718
  1,809
  1,904
  2,003
  2,107
  2,216
  2,330
  2,450
  2,576
  2,708
  2,846
Total debt, $m
  714
  818
  926
  1,038
  1,155
  1,276
  1,403
  1,534
  1,671
  1,815
  1,964
  2,119
  2,282
  2,452
  2,629
  2,815
  3,009
  3,212
  3,424
  3,647
  3,879
  4,123
  4,379
  4,646
  4,927
  5,221
  5,529
  5,852
  6,191
  6,546
Total liabilities, $m
  1,487
  1,591
  1,699
  1,811
  1,928
  2,049
  2,175
  2,307
  2,444
  2,587
  2,737
  2,892
  3,055
  3,225
  3,402
  3,588
  3,782
  3,985
  4,197
  4,419
  4,652
  4,896
  5,151
  5,419
  5,699
  5,993
  6,302
  6,625
  6,964
  7,319
Total equity, $m
  1,469
  1,572
  1,678
  1,789
  1,905
  2,025
  2,149
  2,280
  2,415
  2,556
  2,704
  2,858
  3,018
  3,186
  3,362
  3,545
  3,737
  3,937
  4,147
  4,367
  4,597
  4,838
  5,090
  5,354
  5,631
  5,922
  6,226
  6,546
  6,881
  7,232
Total liabilities and equity, $m
  2,956
  3,163
  3,377
  3,600
  3,833
  4,074
  4,324
  4,587
  4,859
  5,143
  5,441
  5,750
  6,073
  6,411
  6,764
  7,133
  7,519
  7,922
  8,344
  8,786
  9,249
  9,734
  10,241
  10,773
  11,330
  11,915
  12,528
  13,171
  13,845
  14,551
Debt-to-equity ratio
  0.490
  0.520
  0.550
  0.580
  0.610
  0.630
  0.650
  0.670
  0.690
  0.710
  0.730
  0.740
  0.760
  0.770
  0.780
  0.790
  0.810
  0.820
  0.830
  0.840
  0.840
  0.850
  0.860
  0.870
  0.870
  0.880
  0.890
  0.890
  0.900
  0.910
Adjusted equity ratio
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497
  0.497

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  207
  241
  276
  312
  351
  390
  432
  476
  521
  569
  672
  725
  780
  837
  898
  961
  1,028
  1,098
  1,172
  1,249
  1,330
  1,416
  1,505
  1,600
  1,699
  1,803
  1,913
  2,029
  2,150
  2,278
Depreciation, amort., depletion, $m
  140
  145
  149
  154
  160
  165
  171
  177
  183
  190
  123
  130
  138
  145
  153
  162
  171
  180
  189
  199
  210
  221
  232
  244
  257
  270
  284
  299
  314
  330
Funds from operations, $m
  347
  385
  425
  467
  510
  556
  603
  653
  704
  759
  796
  855
  917
  983
  1,051
  1,123
  1,199
  1,278
  1,361
  1,448
  1,540
  1,636
  1,738
  1,844
  1,956
  2,074
  2,197
  2,327
  2,464
  2,608
Change in working capital, $m
  39
  40
  42
  44
  45
  47
  49
  51
  53
  56
  58
  61
  63
  66
  69
  72
  75
  79
  83
  86
  91
  95
  99
  104
  109
  114
  120
  126
  132
  138
Cash from operations, $m
  308
  345
  383
  423
  465
  508
  554
  601
  651
  703
  738
  795
  854
  917
  982
  1,051
  1,123
  1,199
  1,278
  1,362
  1,449
  1,541
  1,638
  1,740
  1,847
  1,959
  2,077
  2,202
  2,332
  2,470
Maintenance CAPEX, $m
  -63
  -67
  -72
  -77
  -82
  -87
  -92
  -98
  -104
  -110
  -117
  -123
  -130
  -138
  -145
  -153
  -162
  -171
  -180
  -189
  -199
  -210
  -221
  -232
  -244
  -257
  -270
  -284
  -299
  -314
New CAPEX, $m
  -91
  -95
  -99
  -103
  -107
  -111
  -116
  -121
  -126
  -131
  -137
  -143
  -149
  -155
  -162
  -170
  -178
  -186
  -194
  -203
  -213
  -223
  -234
  -245
  -257
  -269
  -282
  -296
  -310
  -325
Cash from investing activities, $m
  -154
  -162
  -171
  -180
  -189
  -198
  -208
  -219
  -230
  -241
  -254
  -266
  -279
  -293
  -307
  -323
  -340
  -357
  -374
  -392
  -412
  -433
  -455
  -477
  -501
  -526
  -552
  -580
  -609
  -639
Free cash flow, $m
  154
  183
  213
  244
  276
  310
  346
  383
  421
  462
  484
  529
  575
  624
  674
  728
  784
  843
  904
  969
  1,037
  1,109
  1,184
  1,263
  1,346
  1,433
  1,525
  1,622
  1,724
  1,831
Issuance/(repayment) of debt, $m
  101
  104
  108
  112
  117
  121
  126
  132
  137
  143
  149
  156
  163
  170
  177
  186
  194
  203
  212
  222
  233
  244
  255
  268
  280
  294
  308
  323
  339
  355
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  101
  104
  108
  112
  117
  121
  126
  132
  137
  143
  149
  156
  163
  170
  177
  186
  194
  203
  212
  222
  233
  244
  255
  268
  280
  294
  308
  323
  339
  355
Total cash flow (excl. dividends), $m
  256
  287
  321
  356
  393
  432
  472
  514
  559
  605
  634
  684
  738
  793
  852
  913
  978
  1,046
  1,117
  1,191
  1,270
  1,352
  1,439
  1,530
  1,626
  1,727
  1,833
  1,945
  2,062
  2,186
Retained Cash Flow (-), $m
  -98
  -103
  -107
  -111
  -115
  -120
  -125
  -130
  -136
  -141
  -147
  -154
  -161
  -168
  -175
  -183
  -192
  -201
  -210
  -220
  -230
  -241
  -252
  -264
  -277
  -290
  -305
  -319
  -335
  -351
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  158
  184
  214
  245
  278
  312
  347
  384
  423
  464
  486
  531
  577
  626
  677
  730
  786
  845
  907
  972
  1,040
  1,111
  1,187
  1,266
  1,349
  1,437
  1,529
  1,626
  1,728
  1,835
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  151
  169
  186
  202
  215
  226
  235
  240
  243
  243
  231
  226
  219
  210
  199
  186
  171
  156
  140
  123
  108
  92
  78
  64
  52
  42
  33
  25
  19
  14
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Woodward, Inc. is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company's segments include Aerospace and Industrial. The Company's Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control. The Company's Industrial segment designs, produces and services systems and products for the management of fuel, air, fluids, gases, electricity, motion and combustion. The Company has production and assembly facilities in the United States, Europe and Asia and South America, and promotes its products and services throughout the world. The Company offers solutions for the aerospace, industrial and energy markets. The Company focuses primarily on serving original equipment manufacturers (OEMs) and equipment packagers.

FINANCIAL RATIOS  of  Woodward (WWD)

Valuation Ratios
P/E Ratio 22.9
Price to Sales 2.2
Price to Book 3.4
Price to Tangible Book
Price to Cash Flow 14.9
Price to Free Cash Flow 21.3
Growth Rates
Sales Growth Rate 3.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -47.7%
Cap. Spend. - 3 Yr. Gr. Rate -15%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 42.3%
Total Debt to Equity 44.7%
Interest Coverage 10
Management Effectiveness
Return On Assets 8.3%
Ret/ On Assets - 3 Yr. Avg. 8.3%
Return On Total Capital 10.2%
Ret/ On T. Cap. - 3 Yr. Avg. 9.6%
Return On Equity 15.6%
Return On Equity - 3 Yr. Avg. 15.5%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 27.3%
Gross Margin - 3 Yr. Avg. 27.7%
EBITDA Margin 17.2%
EBITDA Margin - 3 Yr. Avg. 16.9%
Operating Margin 12.9%
Oper. Margin - 3 Yr. Avg. 12.6%
Pre-Tax Margin 12.1%
Pre-Tax Margin - 3 Yr. Avg. 11.7%
Net Profit Margin 9.6%
Net Profit Margin - 3 Yr. Avg. 9.1%
Effective Tax Rate 20.6%
Eff/ Tax Rate - 3 Yr. Avg. 21.8%
Payout Ratio 14.9%

WWD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WWD stock intrinsic value calculation we used $2098.685 million for the last fiscal year's total revenue generated by Woodward. The default revenue input number comes from 0001 income statement of Woodward. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WWD stock valuation model: a) initial revenue growth rate of 7.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for WWD is calculated based on our internal credit rating of Woodward, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Woodward.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WWD stock the variable cost ratio is equal to 63.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $494 million in the base year in the intrinsic value calculation for WWD stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Woodward.

Corporate tax rate of 27% is the nominal tax rate for Woodward. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WWD stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WWD are equal to 60.5%.

Life of production assets of 20.3 years is the average useful life of capital assets used in Woodward operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WWD is equal to 25.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1371.383 million for Woodward - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 61.625 million for Woodward is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Woodward at the current share price and the inputted number of shares is $4.6 billion.

RELATED COMPANIES Price Int.Val. Rating
HON Honeywell Inte 136.81 242.19  str.buy
PH Parker Hannifi 153.83 477.26  str.buy
ESL Esterline Tech 121.35 76.29  hold
UTX United Technol 118.93 179.58  buy
TDG TransDigm Grou 345.73 94.32  str.sell
TXT Textron 50.30 44.94  sell

COMPANY NEWS

▶ Special Report: How big research money at Colorado universities is fueling industry   [Nov-09-18 07:00AM  American City Business Journals]
▶ Woodward: Fiscal 4Q Earnings Snapshot   [07:22PM  Associated Press]
▶ Woodward Schedules Investor and Analyst Conference   [Nov-01-18 08:30AM  GlobeNewswire]
▶ Woodward Announces Declaration of Dividend   [Sep-19-18 03:00PM  GlobeNewswire]
▶ G.research Aerospace & Defense Conference   [Sep-12-18 09:06AM  Business Wire]
▶ Gabelli & Companys Aerospace & Defense Conference   [Aug-07-18 07:30AM  Business Wire]
▶ Woodward Announces Declaration of Dividend   [Jul-31-18 02:00PM  GlobeNewswire]
▶ Woodward Reports Third Quarter Fiscal Year 2018 Results   [Jul-30-18 04:05PM  GlobeNewswire]
▶ Woodward, Inc. to Host Earnings Call   [02:30PM  ACCESSWIRE]
▶ 5 Incredible Top-Ranked Tech Stocks on Sale   [12:50PM  InvestorPlace]
▶ Gabelli & Companys Aerospace & Defense Conference   [Jun-28-18 07:30AM  Business Wire]
▶ Is Woodward Inc (NASDAQ:WWD) Undervalued?   [Jun-21-18 01:54PM  Simply Wall St.]
▶ Colorado aerospace company completes Rolls-Royce unit purchase   [Jun-04-18 09:50AM  American City Business Journals]
▶ How Financially Strong Is Woodward Inc (NASDAQ:WWD)?   [May-14-18 01:07PM  Simply Wall St.]
▶ Woodward Announces Declaration of Dividend   [Apr-26-18 03:00PM  GlobeNewswire]
▶ Woodward: Fiscal 2Q Earnings Snapshot   [Apr-23-18 04:35PM  Associated Press]
▶ Woodward, Inc. to Host Earnings Call   [12:00PM  ACCESSWIRE]
▶ Edited Transcript of WWD M&A conference call or presentation 9-Apr-18 2:00pm GMT   [Apr-10-18 11:21PM  Thomson Reuters StreetEvents]
▶ [$$] Rolls-Royce to Sell L'Orange for 700 Million   [02:44AM  The Wall Street Journal]
▶ Why Woodward Stock Dropped 11.5% Today   [Feb-09-18 11:22AM  Motley Fool]
▶ Woodward Shares Spike on Reported Boeing Takeover Talks   [Feb-08-18 06:46PM  TheStreet.com]
▶ Aerospace parts supplier Woodward denies Boeing takeover talks   [06:43PM  American City Business Journals]
▶ [$$] Boeing in Talks to Buy Aerospace-Parts Maker Woodward   [05:41PM  The Wall Street Journal]
▶ Woodward Comments on WSJ Originated Story   [04:05PM  GlobeNewswire]
▶ Boeing in talks to acquire aerospace supplier   [03:15PM  American City Business Journals]
▶ Boeing Puts Suppliers on Notice   [02:52PM  Bloomberg]
▶ Why Woodward Stock Popped 9% Today   [02:20PM  Motley Fool]
▶ Woodward Increases Dividend by 14%   [Jan-25-18 04:45PM  GlobeNewswire]
▶ Woodward misses 1Q profit forecasts   [Jan-22-18 04:11PM  Associated Press]
▶ ETFs with exposure to Woodward, Inc. : November 27, 2017   [Nov-27-17 04:31PM  Capital Cube]
▶ ETFs with exposure to Woodward, Inc. : November 16, 2017   [Nov-16-17 12:10PM  Capital Cube]
▶ Woodward beats Street 4Q forecasts   [Nov-08-17 05:05PM  Associated Press]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.