Woodward, Inc. (WWD) to Issue Quarterly Dividend of $0.25 on September 5th

Woodward, Inc. (NASDAQ:WWD) announced a quarterly dividend on Thursday, June 27th, Zacks reports. Investors of record on Thursday, August 22nd will be given a dividend of 0.25 per share by the technology company on Thursday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, August 22nd.

Woodward has raised its dividend by an average of 18.9% per year over the last three years. Woodward has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Woodward to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.0%.

Woodward Stock Performance

Shares of WWD stock opened at $174.38 on Friday. The stock has a fifty day moving average price of $176.39 and a 200 day moving average price of $153.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.78 and a current ratio of 2.62. The stock has a market cap of $10.62 billion, a PE ratio of 30.49, a P/E/G ratio of 1.83 and a beta of 1.37. Woodward has a 1 year low of $115.90 and a 1 year high of $188.35.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.34. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The company had revenue of $835.34 million during the quarter, compared to analysts’ expectations of $807.04 million. During the same quarter in the previous year, the business posted $1.01 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. Sell-side analysts forecast that Woodward will post 5.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WWD. Barclays raised their target price on shares of Woodward from $140.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. The Goldman Sachs Group upped their price objective on Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their target price on Woodward from $156.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Woodward from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Truist Financial increased their price objective on shares of Woodward from $143.00 to $152.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Woodward currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.38.

Insider Buying and Selling at Woodward

In other Woodward news, Director Gregg C. Sengstack sold 6,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.01, for a total transaction of $1,002,060.00. Following the completion of the transaction, the director now owns 17,450 shares in the company, valued at approximately $2,914,324.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.12% of the stock is owned by company insiders.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft.