Woodward, Inc.Common Stock (NASDAQ:WWD) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Investors of record on Tuesday, August 20th will be paid a dividend of 0.162 per share by the technology company on Tuesday, September 3rd. This represents a $0.65 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, August 19th.
Woodward, Inc.Common Stock has raised its dividend payment by an average of 12.5% per year over the last three years and has increased its dividend every year for the last 4 years. Woodward, Inc.Common Stock has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Woodward, Inc.Common Stock to earn $5.41 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 12.0%.
NASDAQ:WWD traded down $2.07 on Friday, hitting $109.79. 570 shares of the company’s stock traded hands, compared to its average volume of 312,822. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.94. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $119.20. The firm’s 50-day simple moving average is $114.32. The firm has a market capitalization of $6.95 billion, a P/E ratio of 28.57, a PEG ratio of 1.87 and a beta of 1.34.
Several equities research analysts have recently issued reports on WWD shares. SunTrust Banks reiterated a “hold” rating and set a $110.00 price target (down from $118.00) on shares of Woodward, Inc.Common Stock in a report on Friday, June 14th. William Blair started coverage on Woodward, Inc.Common Stock in a report on Wednesday, April 17th. They set an “outperform” rating for the company. BidaskClub lowered Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 27th. ValuEngine lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Woodward, Inc.Common Stock presently has an average rating of “Buy” and a consensus price target of $103.40.
In related news, VP Christopher Fawzy sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $113.50, for a total value of $964,750.00. Following the completion of the sale, the vice president now directly owns 12,006 shares in the company, valued at approximately $1,362,681. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chad Robert Preiss sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $109.53, for a total value of $1,369,125.00. Following the completion of the sale, the insider now owns 29,627 shares of the company’s stock, valued at $3,245,045.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,700 shares of company stock valued at $3,084,275. 4.61% of the stock is owned by corporate insiders.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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