WoodwardNASDAQ: WWD

FORT COLLINS, Colo., June 27, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that its Board of Directors declared a cash dividend of $0.25 per share for the quarter, payable on September 5, 2024, to stockholders of record at the close of business on August 22, 2024.

Woodward earnings soared with 16% sales growth, 63% net earnings growth, and improved free cash flow, driven by aerospace and industrial segment performance. Strong quarterly results led to an upward revision of financial guidance, with increased revenue and free cash flow estimates for the full year. Based on improved fundamentals and projected growth, Woodward stock is now upgraded to a buy rating, with potential upside in the coming years.

Woodward's (WWD) Aerospace segment benefits from higher commercial OEM and commercial aftermarket sales, while the Industrial business gains from solid demand for power generation, especially in Asia.

FORT COLLINS, Colo., June 04, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD), a global leader in energy control solutions for aerospace and industrial markets, has been named to the 2024 Fortune ® 1000 list.

Woodward (WWD) reported earnings 30 days ago. What's next for the stock?

Woodward's (WWD) performance is benefiting from ongoing momentum in the Aerospace and Industrial sectors.

The Zacks Instruments - Control industry is expected to be driven by increased energy efficiency, growing use of industrial automation, and optimal resource utilization. Woodward (WWD), Badger Meter (BMI) and Thermon (THR) are poised to benefit from these changing market trends.

Is Woodward (WWD) a strong contender for momentum investors looking for top stock picks? Let's investigate.

Suppliers such as Woodward are still seeing benefits from the ongoing recovery in the commercial aerospace industry. An unexpected positive outcome has been seen in its involvement in the Chinese natural gas engine heavy-duty truck market.