Woodward, Inc. (NASDAQ:WWD) to Issue Quarterly Dividend of $0.25

Woodward, Inc. (NASDAQ:WWD) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Wednesday, May 22nd will be paid a dividend of 0.25 per share by the technology company on Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 21st.

Woodward has raised its dividend by an average of 18.9% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Woodward has a dividend payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Woodward to earn $5.76 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 17.4%.

Woodward Trading Up 0.1 %

Shares of WWD stock opened at $149.74 on Friday. Woodward has a fifty-two week low of $91.42 and a fifty-two week high of $160.79. The stock has a market cap of $9.03 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.82 and a beta of 1.36. The business has a fifty day simple moving average of $147.25 and a 200-day simple moving average of $138.15. The company has a quick ratio of 1.69, a current ratio of 2.65 and a debt-to-equity ratio of 0.30.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, January 29th. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The firm had revenue of $786.73 million during the quarter, compared to analysts’ expectations of $750.13 million. Woodward had a return on equity of 15.26% and a net margin of 9.50%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, analysts forecast that Woodward will post 5.27 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Christopher Fawzy sold 11,000 shares of Woodward stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $140.00, for a total value of $1,540,000.00. Following the transaction, the executive vice president now directly owns 4,836 shares of the company’s stock, valued at approximately $677,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $138.86, for a total transaction of $208,290.00. Following the transaction, the director now directly owns 20,531 shares of the company’s stock, valued at approximately $2,850,934.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher Fawzy sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $140.00, for a total value of $1,540,000.00. Following the transaction, the executive vice president now directly owns 4,836 shares in the company, valued at $677,040. The disclosure for this sale can be found here. Insiders have sold 51,200 shares of company stock valued at $7,242,916 in the last three months. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WWD shares. Wells Fargo & Company lifted their price objective on Woodward from $151.00 to $156.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Truist Financial lifted their price objective on Woodward from $136.00 to $143.00 and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Woodward from $165.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Alembic Global Advisors cut Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price objective for the company. in a research report on Thursday, February 1st. Finally, UBS Group lifted their price target on Woodward from $168.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Woodward currently has an average rating of “Moderate Buy” and an average target price of $158.22.

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.