Woodward, Inc.Common Stock (NASDAQ:WWD) declared a quarterly dividend on Friday, February 1st, Wall Street Journal reports. Investors of record on Tuesday, February 19th will be paid a dividend of 0.1625 per share by the technology company on Tuesday, March 5th. This represents a $0.65 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, February 15th. This is a boost from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14.
Woodward, Inc.Common Stock has increased its dividend payment by an average of 12.5% annually over the last three years and has raised its dividend every year for the last 4 years. Woodward, Inc.Common Stock has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Woodward, Inc.Common Stock to earn $5.24 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 12.4%.
Shares of Woodward, Inc.Common Stock stock opened at $90.32 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.96 and a quick ratio of 1.05. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $91.39. The company has a market cap of $5.58 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.52 and a beta of 1.43.
Several research firms have commented on WWD. Wood & Company reaffirmed a “sell” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, February 5th. Barrington Research lifted their target price on shares of Woodward, Inc.Common Stock to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 29th. SunTrust Banks lifted their target price on shares of Woodward, Inc.Common Stock to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. Finally, Credit Suisse Group lifted their target price on shares of Woodward, Inc.Common Stock from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Woodward, Inc.Common Stock presently has an average rating of “Hold” and an average price target of $89.57.
In other news, CEO Thomas A. Gendron sold 1,000 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $80.42, for a total transaction of $80,420.00. Following the completion of the sale, the chief executive officer now directly owns 227,390 shares of the company’s stock, valued at approximately $18,286,703.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas A. Gendron sold 8,500 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $90.03, for a total transaction of $765,255.00. Following the sale, the chief executive officer now directly owns 234,890 shares of the company’s stock, valued at $21,147,146.70. The disclosure for this sale can be found here. Insiders sold a total of 88,225 shares of company stock valued at $7,697,225 over the last ninety days. 4.61% of the stock is owned by corporate insiders.
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Woodward, Inc.Common Stock Company Profile
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
Further Reading: Trading Ex-Dividend Strategy
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