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

Key Points

• Woodward declared a quarterly dividend of $0.32 per share, payable December 3 to shareholders of record November 19. The annualized dividend is $1.28, yielding approximately 0.4%.
• The dividend appears well covered, with a current payout ratio of 17.2%; Woodward has raised its dividend for five consecutive years.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $415.17, despite some recent downgrades to “Hold.”

Woodward, Inc. (NASDAQ:WWD - Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, November 19th will be given 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 raised its dividend payment 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 dividend payout ratio of 17.2% indicating that 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 Trading Down 0.3%

WWD opened at $318.45 on Thursday. Woodward has a 1-year low of $233.31 and a 1-year high of $450.92. The stock has a market capitalization of $18.80 billion, a PE ratio of 35.42, a PEG ratio of 1.87 and a beta of 0.87. The company has a current ratio of 1.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $364.97 and a two-hundred day moving average price of $374.74.

Woodward (NASDAQ:WWD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Woodward had a net margin of 13.17% and a return on equity of 21.89%. Woodward's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 earnings per share. Woodward has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, equities analysts anticipate that Woodward will post 9.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WWD has been the topic of several research reports. Zacks Research downgraded Woodward from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. Weiss Ratings restated a "buy (b)" rating on shares of Woodward in a research report on Friday, July 17th. Truist Financial upped their price target on Woodward from $415.00 to $420.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Guggenheim initiated coverage on Woodward in a report on Monday. They issued a "buy" rating and a $404.00 price target on the stock. Finally, Melius Research lowered Woodward from a "buy" rating to a "hold" rating and set a $388.00 price objective for the company. in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.

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