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

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

Woodward has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Woodward has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Woodward to earn $10.47 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 12.2%.

Woodward Price Performance

Woodward stock opened at $436.44 on Friday. Woodward has a 1 year low of $233.31 and a 1 year high of $450.92. The firm has a 50 day moving average price of $376.30 and a 200 day moving average price of $359.73. The company has a market cap of $26.00 billion, a price-to-earnings ratio of 52.27, a PEG ratio of 2.58 and a beta of 0.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73.

Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.10 by $0.17. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.01 billion. Woodward had a net margin of 12.85% and a return on equity of 20.12%. Woodward’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 earnings per share. Woodward has set its FY 2026 guidance at 9.150-9.450 EPS. Sell-side analysts predict that Woodward will post 9.34 earnings per share for the current year.

Insider Buying and Selling at Woodward

In related news, EVP Karrie M. Bem sold 185 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $355.00, for a total transaction of $65,675.00. Following the completion of the sale, the executive vice president directly owned 3,648 shares of the company’s stock, valued at approximately $1,295,040. This represents a 4.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel G. Korte sold 14,700 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $356.05, for a total value of $5,233,935.00. Following the completion of the sale, the director owned 4,434 shares of the company’s stock, valued at approximately $1,578,725.70. This represents a 76.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,629 shares of company stock valued at $5,570,005 in the last three months. Company insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WWD. Ameriflex Group Inc. acquired a new stake in shares of Woodward in the third quarter valued at about $26,000. Parallel Advisors LLC lifted its position in Woodward by 82.5% during the 1st quarter. Parallel Advisors LLC now owns 115 shares of the technology company’s stock worth $41,000 after acquiring an additional 52 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Woodward during the 4th quarter worth approximately $35,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Woodward in the 4th quarter worth approximately $44,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Woodward in the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 81.18% of the company’s stock.

About Woodward

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.