Woodward, Inc. (WWD) To Go Ex-Dividend on May 21st

Woodward, Inc. (NASDAQ:WWDGet Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Wednesday, May 22nd will be paid 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 0.56%. The ex-dividend date is Tuesday, May 21st.

Woodward has raised its dividend by an average of 18.9% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Woodward has a payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Woodward to earn $6.14 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 16.3%.

Woodward Stock Up 0.6 %

Woodward stock opened at $179.50 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.62 and a quick ratio of 1.78. The stock has a market capitalization of $10.93 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.31. The business has a 50 day simple moving average of $157.06 and a 200-day simple moving average of $143.47. Woodward has a 12 month low of $105.18 and a 12 month high of $180.35.

Woodward (NASDAQ:WWDGet Free Report) last released its quarterly earnings results on Monday, April 29th. The technology company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.34. The firm had revenue of $835.34 million for the quarter, compared to analysts’ expectations of $807.04 million. Woodward had a net margin of 11.09% and a return on equity of 16.50%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. On average, analysts anticipate that Woodward will post 5.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WWD shares. Truist Financial upped their price target on shares of Woodward from $143.00 to $152.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Alembic Global Advisors downgraded Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 target price on the stock. in a research report on Thursday, February 1st. UBS Group boosted their price target on Woodward from $168.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Barclays raised their price objective on Woodward from $140.00 to $175.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. Finally, Wells Fargo & Company upped their target price on shares of Woodward from $156.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Woodward has an average rating of “Moderate Buy” and a consensus price target of $173.13.

View Our Latest Stock Report on WWD

Insider Buying and Selling at Woodward

In other Woodward news, EVP Christopher Fawzy sold 11,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the transaction, the executive vice president now directly owns 4,836 shares in the company, valued at $677,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Christopher Fawzy sold 11,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the sale, the executive vice president now owns 4,836 shares of the company’s stock, valued at $677,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas G. Cromwell sold 38,700 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $141.98, for a total transaction of $5,494,626.00. Following the completion of the transaction, the chief operating officer now directly owns 11,833 shares of the company’s stock, valued at approximately $1,680,049.34. The disclosure for this sale can be found here. Insiders sold a total of 55,700 shares of company stock worth $8,036,686 over the last three months. Insiders own 1.12% of the company’s stock.

About Woodward

(Get Free Report)

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.

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Dividend History for Woodward (NASDAQ:WWD)

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