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

Woodward, Inc. (NASDAQ:WWD) announced a quarterly dividend on Tuesday, November 19th,Zacks Dividends reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.25 per share by the technology company on Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, November 21st.

Woodward has raised its dividend by an average of 18.9% per year over the last three years. Woodward has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.6 %

Shares of WWD opened at $170.85 on Wednesday. The business’s fifty day moving average price is $167.35 and its two-hundred day moving average price is $170.92. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.81 and a beta of 1.38. Woodward has a 52 week low of $128.52 and a 52 week high of $188.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.96.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and raised their target price for the company from $152.00 to $187.00 in a research note on Wednesday, August 21st. Jefferies Financial Group raised shares of Woodward from a “hold” rating to a “buy” rating and boosted their price target for the stock from $170.00 to $190.00 in a research note on Wednesday, July 31st. The Goldman Sachs Group reduced 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. Finally, StockNews.com upgraded shares of Woodward from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.67.

Insider Buying and Selling at Woodward

In other news, COO Thomas G. Cromwell sold 10,000 shares of Woodward stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $174.50, for a total transaction of $1,745,000.00. Following the transaction, the chief operating officer now owns 11,511 shares in the company, valued at $2,008,669.50. The trade was a 46.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 27,913 shares of company stock valued at $4,907,304. Corporate insiders own 1.12% of the company’s stock.

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.