Woodward Inc (WWD) Announces Quarterly Dividend of $0.14

Woodward Inc (NASDAQ:WWD) announced a quarterly dividend on Friday, January 26th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.1425 per share by the technology company on Tuesday, March 6th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from Woodward’s previous quarterly dividend of $0.13.

Shares of Woodward (WWD) opened at $71.62 on Friday. The company has a current ratio of 2.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $5,081.33, a P/E ratio of 26.33, a PEG ratio of 2.03 and a beta of 1.23. Woodward has a 1 year low of $65.22 and a 1 year high of $89.30.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). The company had revenue of $470.14 million for the quarter, compared to analyst estimates of $472.14 million. Woodward had a return on equity of 14.04% and a net margin of 8.10%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. research analysts predict that Woodward will post 3.4 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on WWD. BidaskClub cut Woodward from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. SunTrust Banks increased their price target on Woodward to $77.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Barrington Research reiterated a “market perform” rating on shares of Woodward in a research report on Tuesday, February 6th. Oppenheimer reiterated a “market perform” rating and set a $82.00 price target on shares of Woodward in a research report on Thursday, October 26th. Finally, Cowen reiterated a “hold” rating and set a $62.00 price target on shares of Woodward in a research report on Sunday, December 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Woodward presently has an average rating of “Hold” and an average price target of $79.25.

In related news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the sale, the director now directly owns 27,904 shares in the company, valued at approximately $2,223,669.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.17% of the stock is owned by company insiders.

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Woodward Company Profile

Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.

Dividend History for Woodward (NASDAQ:WWD)

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