Woodward, Inc. Announces Quarterly Dividend of $0.32 (NASDAQ:WWD)

Woodward, Inc. (NASDAQ:WWD) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Thursday, November 19th will be given a dividend of 0.32 per share by the technology company on Thursday, December 3rd. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, November 19th.

Woodward has raised its dividend payment 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 payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Woodward to earn $10.36 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 Stock Performance

NASDAQ:WWD opened at $318.45 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.65 and a quick ratio of 1.14. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.87 and a beta of 0.87. The company’s 50-day moving average is $364.97 and its two-hundred day moving average is $374.74. Woodward has a 1-year low of $233.31 and a 1-year high of $450.92.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WWD shares. Royal Bank Of Canada reduced their target price on Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Truist Financial increased their target price on shares of Woodward from $415.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Guggenheim began coverage on shares of Woodward in a research note on Monday. They issued a “buy” rating and a $404.00 price target on the stock. Susquehanna began coverage on shares of Woodward in a research report on Tuesday, May 26th. They set a “positive” rating and a $423.00 price objective for the company. Finally, Zacks Research cut Woodward from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $415.17.

About Woodward

Woodward, Inc (NASDAQ: WWD) designs and manufactures control systems and components for the aerospace and industrial markets. Its products help manage fuel, air, combustion, motion, actuation and electrical power in engines, turbines and other energy-conversion systems.

In aerospace, Woodward supplies systems and components for commercial aircraft, business aviation, military aircraft, helicopters and space applications. Its offerings include fuel metering and engine control systems, air-management products, actuators, electric power systems and other controls used in propulsion and aircraft subsystems.

Woodward also serves industrial customers with controls for power generation, gas and diesel engines, renewable-energy equipment, industrial turbines and other applications.