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

Woodward, Inc. (NASDAQ:WWD) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Thursday, November 19th will be paid 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 increased its dividend payment by an average of 0.1%annually 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. Equities research 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 Price Performance

Shares of WWD opened at $318.45 on Thursday. The company has a market cap 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 fifty day simple moving average is $364.97 and its 200 day simple moving average is $374.74. Woodward has a 1-year low of $233.31 and a 1-year high of $450.92. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.

Woodward (NASDAQ:WWD) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business posted $1.76 EPS. Woodward’s revenue was up 21.2% on a year-over-year basis. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. On average, research analysts forecast that Woodward will post 9.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Melius Research cut Woodward from a “buy” rating to a “hold” rating and set a $388.00 price target on the stock. in a research note on Monday. Truist Financial boosted their price objective on Woodward from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen lowered Woodward from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of Woodward from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada dropped their price objective on shares of Woodward from $450.00 to $430.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $415.17.

Woodward Company Profile

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.