Woodward Announces Declaration of Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
0mins
Should l Buy WWD?
Source: Newsfilter
Woodward, Inc. Dividend Announcement:
- Woodward, Inc. declared a cash dividend of $0.25 per share for the quarter.
- The dividend is payable on September 5, 2024, to stockholders of record as of August 22, 2024.
About Woodward, Inc.:
- Woodward is a global leader in energy conversion and control solutions for aerospace and industrial equipment markets.
- The company aims to enable a cleaner, decarbonized world through innovative systems.
Forward-Looking Statements:
- The release contains forward-looking statements regarding the company's quarterly cash dividend.
- Actual results may differ from projections, and there is no obligation to update these statements.
Contact Information:
- Dan Provaznik is the Director of Investor Relations at Woodward, Inc.
- He can be reached at 970-498-3849 or via email at Dan.Provaznik@Woodward.com.
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Analyst Views on WWD
Wall Street analysts forecast WWD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WWD is 360.00 USD with a low forecast of 329.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 388.500
Low
329.00
Averages
360.00
High
400.00
Current: 388.500
Low
329.00
Averages
360.00
High
400.00
About WWD
Woodward, Inc. designs, manufactures, and services energy conversion and control solutions for the aerospace and industrial equipment markets. The Company’s segments include Aerospace and Industrial. The Aerospace segment offers fuel controls and airframe solutions for commercial, defense, business and general aviation. It offers aircraft engine controls, actuation and control systems, flight deck controls, and space and defense solutions. Its aircraft engine controls include fuel control systems, fuel injection and ignition systems, engine actuation systems, and air management. Its actuation and control systems include electromechanical actuation, hydraulic actuation, precision motors, and thrust reverser actuation systems. Its Industrial segment offers control solutions for reliable and clean power generation and control solutions for critical equipment in a decarbonized world. Its products include easYgen-3000XT and Aeroderivative Gas Turbine Gas Fuel Valves.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Earnings Season Trends: Companies that exceed expectations and provide positive guidance are being rewarded by the market, as seen with Palantir Technologies and Woodward Inc., which reported strong earnings and positive outlooks, driving investor enthusiasm.
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Market Dynamics and Stock Performance: The earnings season has highlighted a pattern where companies that beat expectations and raise forecasts tend to attract fresh capital, indicating a favorable environment for stocks like Palantir and Woodward, while also suggesting a broader trend in the market.
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- Improved Profitability: The company's adjusted net earnings soared 62% to $134 million, translating to $2.17 per share, significantly exceeding Wall Street's estimate of $1.65, indicating effective scaling of operations and enhanced profitability.
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- Improved Profitability: The company's adjusted net earnings soared 62% to $134 million, or $2.17 per share, significantly exceeding Wall Street's estimate of $1.65, demonstrating enhanced profitability through scaled operations.
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See More
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