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

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

Woodward has increased its dividend by an average of 18.9% annually 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. Research 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 Stock Up 0.1 %

NASDAQ WWD opened at $149.74 on Friday. The business’s fifty day simple moving average is $147.25 and its 200-day simple moving average is $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. The firm has a market cap of $9.03 billion, a PE ratio of 31.59, a P/E/G ratio of 1.82 and a beta of 1.36. Woodward has a 52 week low of $91.42 and a 52 week high of $160.79.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, January 29th. The technology company reported $1.45 earnings per share (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 the consensus estimate of $750.13 million. Woodward had a return on equity of 15.26% and a net margin of 9.50%. The company’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. As a group, equities analysts anticipate that Woodward will post 5.27 earnings per share for the current year.

Insider Buying and Selling at Woodward

In other Woodward 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 value of $208,290.00. Following the completion of the sale, the director now owns 20,531 shares in the company, valued at $2,850,934.66. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, 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 owns 4,836 shares of the company’s stock, valued at $677,040. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $138.86, for a total value of $208,290.00. Following the completion of the transaction, the director now directly owns 20,531 shares in the company, valued at approximately $2,850,934.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,200 shares of company stock worth $7,242,916. 1.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WWD. Alembic Global Advisors downgraded 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. Wells Fargo & Company boosted 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 boosted 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. StockNews.com downgraded Woodward from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.22.

Woodward Company Profile

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.