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Woodward said on January 30, 2023 that its board of directors declared a regular
quarterly dividend of $0.22 per share ($0.88 annualized).
Shareholders of record as of February 17, 2023
will receive the payment on March 7, 2023.
Previously, the company paid $0.19 per share.
At the current share price of $103.84 / share,
the stock’s dividend yield is 0.85%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.64%,
the lowest has been 0.26%,
and the highest has been 2.23%.
The standard deviation of yields is 0.22 (n=237).
The current dividend yield is
0.97 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.31.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.32%.
Analyst Price Forecast Suggests 3.18% Downside
As of February 7, 2023,
the average one-year price target for Woodward is $100.54.
The forecasts range from a low of $73.73 to a high of $116.55.
The average price target represents a decrease of 3.18% from its latest reported closing price of $103.84.
The projected annual revenue for Woodward
is $2,661MM, an increase of 8.18%.
The projected annual EPS
is $3.43, an increase of 21.82%.
Fund Sentiment
There are 641 funds or institutions reporting positions in Woodward.
This is a decrease
of
18
owner(s) or 2.73%.
Average portfolio weight of all funds dedicated to US:WWD is 0.1823%,
a decrease
of 13.7943%.
Total shares owned by institutions decreased
in the last three months by 2.96% to 62,227K shares.
What are large shareholders doing?
Capital Research Global Investors
holds 7,064,478 shares
representing 11.83% ownership of the company.
In it’s prior filing, the firm reported owning 7,058,067 shares, representing
an increase
of 0.09%.
The firm
decreased
its portfolio allocation in WWD by 8.38% over the last quarter.
Eagle Capital Management
holds 4,335,752 shares
representing 7.26% ownership of the company.
In it’s prior filing, the firm reported owning 4,229,407 shares, representing
an increase
of 2.45%.
The firm
decreased
its portfolio allocation in WWD by 6.83% over the last quarter.
AMCPX – AMCAP FUND
holds 4,022,523 shares
representing 6.73% ownership of the company.
No change in the last quarter.
AMERICAN FUNDS INSURANCE SERIES – Growth-Income Fund Class 1
holds 2,204,500 shares
representing 3.69% ownership of the company.
No change in the last quarter.
IJH – iShares Core S&P Mid-Cap ETF
holds 1,758,138 shares
representing 2.94% ownership of the company.
In it’s prior filing, the firm reported owning 1,743,785 shares, representing
an increase
of 0.82%.
The firm
decreased
its portfolio allocation in WWD by 12.07% over the last quarter.
Woodward Background Information
(This description is provided by the company.)
Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company’s innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Its customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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