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

by · The Markets Daily

Woodward, Inc. (NASDAQ:WWD – Get Free Report) announced a quarterly dividend on Thursday, June 25th. Stockholders 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 of this dividend is Thursday, August 20th.

Woodward has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Woodward has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Woodward stock opened at $436.44 on Friday. Woodward has a fifty-two week low of $233.31 and a fifty-two week high of $450.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.73. The stock has a market cap of $26.00 billion, a P/E ratio of 52.27, a price-to-earnings-growth ratio of 2.58 and a beta of 0.89. The firm’s fifty day moving average price is $376.30 and its 200-day moving average price is $359.73.

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

Insider Activity

In other Woodward news, EVP Karrie M. Bem sold 185 shares of Woodward stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $355.00, for a total value of $65,675.00. Following the transaction, the executive vice president directly owned 3,648 shares of the company’s stock, valued at $1,295,040. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel G. Korte sold 14,700 shares of the business’s stock in a transaction that occurred 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 $1,578,725.70. The trade was a 76.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,629 shares of company stock valued at $5,570,005 over the last 90 days. 0.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Woodward

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Woodline Partners LP purchased a new position in shares of Woodward in the first quarter valued at about $2,039,000. Focus Partners Wealth boosted its holdings in shares of Woodward by 35.5% during the first quarter. Focus Partners Wealth now owns 2,390 shares of the technology company’s stock worth $436,000 after purchasing an additional 626 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Woodward by 684.3% during the first quarter. Acadian Asset Management LLC now owns 5,043 shares of the technology company’s stock worth $920,000 after purchasing an additional 4,400 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Woodward by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 4,030 shares of the technology company’s stock worth $988,000 after purchasing an additional 265 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Woodward by 11.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506 shares of the technology company’s stock worth $124,000 after purchasing an additional 54 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors.

Woodward Company Profile

(Get Free Report)

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.

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