Woodward, Inc. (NASDAQ:WWD) Plans $0.25 Quarterly Dividend

Woodward, Inc. (NASDAQ:WWD) announced a quarterly dividend on Saturday, November 2nd, Zacks reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.25 per share by the technology company on Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, November 21st.

Woodward has raised its dividend payment by an average of 18.9% annually over the last three years. Woodward has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Woodward to earn $5.94 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 16.8%.

Woodward Trading Down 1.7 %

NASDAQ:WWD opened at $161.32 on Monday. The company has a market capitalization of $9.62 billion, a PE ratio of 26.98, a P/E/G ratio of 1.74 and a beta of 1.38. Woodward has a 52-week low of $126.31 and a 52-week high of $188.35. The stock’s 50 day moving average price is $165.24 and its 200 day moving average price is $169.28. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WWD shares. StockNews.com lowered shares of Woodward from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group upgraded shares of Woodward from a “hold” rating to a “buy” rating and increased their price target for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. The Goldman Sachs Group dropped their price objective on shares of Woodward from $228.00 to $201.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Woodward from $158.00 to $162.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Finally, Truist Financial upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price target for the company from $152.00 to $187.00 in a research report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $174.67.

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.