Woodward, Inc. (WWD) to Issue Quarterly Dividend of $0.32 on September 3rd

Woodward, Inc. (NASDAQ:WWD) declared a quarterly dividend on Thursday, June 25th. Investors of record on Thursday, August 20th will be paid a dividend of 0.32 per share by the technology company on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, August 20th.

Woodward has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Woodward has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Woodward to earn $10.35 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 12.4%.

Woodward Price Performance

Shares of Woodward stock opened at $370.40 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $398.09 and its two-hundred day moving average price is $380.18. Woodward has a 52 week low of $233.31 and a 52 week high of $450.92. The stock has a market cap of $21.87 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.88.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Woodward had a net margin of 13.17% and a return on equity of 21.89%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, sell-side analysts anticipate that Woodward will post 9.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on WWD shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $470.00 target price on shares of Woodward in a report on Friday, May 1st. Truist Financial increased their price objective on Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. TD Cowen raised their price objective on Woodward from $390.00 to $420.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, UBS Group boosted their target price on shares of Woodward from $427.00 to $429.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Woodward presently has an average rating of “Moderate Buy” and an average price target of $406.45.

Woodward Company Profile

Woodward, Inc (NASDAQ: WWD) is a global leader in the design, manufacture and service of control systems and components for the aerospace and industrial markets. Founded in 1870 and headquartered in Fort Collins, Colorado, the company specializes in motion control, fuel systems, actuation, and digital control solutions. Its offerings enable precision management of flow, pressure and motion in critical applications ranging from aircraft engines and power turbines to hydraulic systems.

Woodward’s product portfolio is organized into two primary segments: Aerospace and Industrial.