|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||123.38 - 125.98|
|52 Week Range||75.99 - 129.06|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||31.31|
|Earnings Date||Feb 02, 2020|
|Forward Dividend & Yield||0.65 (0.55%)|
|Ex-Dividend Date||Nov 13, 2019|
|1y Target Est||130.14|
NEW YORK, NY / ACCESSWIRE / January 15, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Woodward, Inc. ("Woodward" or the "Company") ...
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Hexcel Corporation ("HXL" or the "Company") (NYSE: HXL) in connection with the proposed merger of the Company with Woodward, Inc. ("WWD") (NASDAQ: WWD). Under the terms of the merger agreement, HXL shareholders will receive 0.625 WWD shares for each HXL share owned, representing consideration of $76.68 per HXL share based on WWD's January 10 opening price of $122.70.
Moody's Investors Service, ("Moody's") said that Hexcel Corporation's ("Hexcel") announcement that it has entered into a merger agreement with Woodward, Inc. ("Woodward") has no impact on ratings at this time, including the Baa3 senior unsecured rating. Hexcel Corporation is a leading advanced composites company. This publication does not announce a credit rating action.
Rowley Law PLLC is investigating potential securities law violations by Hexcel Corporation (NYSE:HXL) and its board of directors concerning the proposed acquisition of the company by Woodward, Inc. (NASDAQ: WWD). Stockholders will receive 0.625 shares of Woodward common stock for each share of Hexcel stock that they hold. The transaction is valued at $6.4 billion and is expected to close in the third quarter of 2020.
Post the merger, existing Woodward (WWD) and Hexcel (HXL) shareholders will respectively own approximately 55% and 45% of the combined company, on a fully diluted basis.
Woodward (WWD) signs a merger agreement with Hexcel Corporation to fortify its position as an integrated systems provider in the global market by scaling up its operational efficiency.
Woodward Inc. (Nasdaq: WWD), based in Fort Collins, and Hexcel Corp. (NYSE: HXL), based in Stamford, Connecticut, on Sunday revealed an all-stock deal combining major makers of aircraft control systems and parts. “Together we will be one of the largest independent aerospace and defense suppliers in the world,” said Nick Stanage, CEO, president and chairman of Hexcel, adding the company will have “significant positions on all key programs.” The two companies have combined market capitalization of $13.7 billion. The new company will be called Woodward Hexcel, based in Fort Collins.
(Bloomberg Opinion) -- A would-be Boeing Co. takeover target has found its own dance partner.Woodward Inc., a maker of cockpit controls and engine-actuation systems, announced late Sunday that it’s merging with fellow aerospace supplier Hexcel Corp. The all-stock deal values Hexcel, a maker of lightweight composite materials, at about $7.5 billion including debt, with Woodward shareholders set to own about 55% of the combined company. While both suppliers have felt the sting of Boeing’s 737 Max grounding, executives said Sunday that the deal wasn’t a response to that crisis but rather an effort to position the combined company to better compete in the pursuit of more fuel-efficient engines.The effort to sell this merger as a play on climate change is interesting, and it shows the degree to which companies are taking seriously the increasing criticism of greenhouse-gas emissions. At the same time, it’s hard to extricate Boeing and its Max woes from the context of the deal. Just two years ago, it might have been Boeing making these kinds of arguments about the benefits of scale and combined research-and-development budgets.Boeing held preliminary talks with Woodward as it scouted targets for its push to build a services division with $50 billion in sales, according to reports in early 2018 from Bloomberg News and the Wall Street Journal. Woodward pushed back on those reports and said it wasn’t in discussions with Boeing on a possible sale. Boeing instead acquired KLX Inc.’s aerospace-distribution business for $4.25 billion and announced an auxiliary power unit joint venture with Safran SA. This added to home-grown efforts in avionics and cabin interiors and spooked investors in traditional suppliers of those parts and services.As recently as May, ex-Boeing CEO Dennis Muilenburg was talking about the prospect of additional deals in the vein of KLX – “a substantial, multi-billion dollar acquisition, but one that was complementary.” With the now 10-month Max grounding draining Boeing’s cash flow and mounting scrutiny over the company’s corporate culture and the integrity of its design process, it’s highly unlikely the company will be making acquisitions anytime soon, and entirely possible that its parts and services ambitions go no further.That creates an opportunity for its suppliers, and Woodward and Hexcel are right to seize the moment to gain more clout, particularly as it looks increasingly likely that Boeing will have to speed up development of a narrow-body successor to the 737. With new technologies requiring ever-higher levels of spending, it also just helps to have a bigger balance sheet. Woodward and Hexcel expect to spend $250 million on R&D in the first year after the deal closes, or about 5% of combined sales. That’s a roughly 15% step-up from estimated 2019 levels, notes Jefferies analyst Sheila Kahyaoglu. “Woodward and Hexcel touch nearly every aspect of aerospace design,” Hexcel CEO Nick Stanage, who will retain that role at the combined company, said on a conference call Sunday. The merged entity will be well-positioned to deliver “integrated systems that satisfy demands for aircraft aerodynamics, energy efficiency, improved safety and reduced emissions and noise.”The Woodward-Hexcel combination follows a United Technologies Corp. $100 billion buying spree over the past two years that saw the engine maker link up with avionics supplier Rockwell Collins Inc. and defense contractor Raytheon Co., as well as smaller tie-ups between Parker-Hannifin Corp. and Exotic Metals Forming Co. and TransDigm Group Inc. and Esterline Technologies Corp. Analysts expressed some caution on Hexcel and Woodward’s ambitious goal of generating $1 billion of cash flow in the first fiscal year after closing, and time will tell if the companies can follow through. But strategically, it’s a bold and smart move that should give the companies an upper hand in both the battle against climate change and any future battles with Boeing. To contact the author of this story: Brooke Sutherland at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Hexcel Corporation (NYSE: HXL) ("Hexcel") breached their fiduciary duties in connection with the proposed sale of the Company to Woodward, Inc. (NASDAQ: WWD).
Aerospace and industrial groups Woodward and Hexcel, key suppliers to Boeing, have agreed to an all-stock merger that value the combined companies at around $6.4 billion.
Two aerospace suppliers—engine technology maker Woodward and materials maker Hexcel—surprised investors Sunday, announcing a merger of equals.
Woodward, Inc. (NASDAQ: WWD) and Hexcel Corporation (NYSE: HXL) today announced a definitive agreement to combine in an all-stock merger of equals to create a premier integrated systems provider serving the aerospace and industrial sectors. The combined company will focus on technology-rich innovations to deliver smarter, cleaner, and safer customer solutions.
A network of almost 600 suppliers manufacture Boeing (BA) 737 Max components. Following the latest turn of events, a few of these may try to supply more parts to Airbus (EADSY).
With Boeing's (BA) production halt decision for 737 Max, it remains unclear what the plane maker will do as far as purchasing from suppliers is concerned.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
Strong Aerospace and Industrial segments drive Woodward's (WWD) fiscal fourth-quarter earnings. However, customer bankruptcy in the renewables business is on the downside.
Woodward (WWD) delivered earnings and revenue surprises of -5.43% and -0.49%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
FORT COLLINS, Colo., Nov. 18, 2019 -- Woodward, Inc. (NASDAQ:WWD) today reported financial results for its fiscal year 2019 and fourth quarter ending September 30, 2019. (All.