Envestnet Portfolio Solutions Inc. Has $285,000 Stock Holdings in Woodward, Inc. (NASDAQ:WWD)

Envestnet Portfolio Solutions Inc. decreased its stake in Woodward, Inc. (NASDAQ:WWD - Free Report) by 79.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,562 shares of the technology company's stock after selling 6,005 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Woodward were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Farallon Capital Management LLC raised its position in Woodward by 31.8% during the fourth quarter. Farallon Capital Management LLC now owns 1,521,300 shares of the technology company's stock valued at $253,175,000 after acquiring an additional 367,300 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Woodward by 2.8% during the 4th quarter. Earnest Partners LLC now owns 1,418,123 shares of the technology company's stock worth $236,004,000 after purchasing an additional 38,774 shares during the last quarter. Naya Capital Management UK Ltd. raised its holdings in shares of Woodward by 130.2% during the 4th quarter. Naya Capital Management UK Ltd. now owns 1,328,765 shares of the technology company's stock valued at $221,133,000 after purchasing an additional 751,541 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Woodward by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,302,237 shares of the technology company's stock valued at $216,771,000 after purchasing an additional 23,735 shares during the last quarter. Finally, Duquesne Family Office LLC lifted its stake in shares of Woodward by 15.9% in the 4th quarter. Duquesne Family Office LLC now owns 1,225,750 shares of the technology company's stock valued at $203,989,000 after purchasing an additional 168,035 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company's stock.

Woodward Price Performance

NASDAQ:WWD opened at $245.96 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm has a market cap of $14.60 billion, a PE ratio of 39.74, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24. Woodward, Inc. has a 12 month low of $145.98 and a 12 month high of $248.69. The company's 50-day moving average price is $213.43 and its two-hundred day moving average price is $191.78.

Woodward (NASDAQ:WWD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The technology company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.25. Woodward had a net margin of 11.36% and a return on equity of 16.86%. The firm had revenue of $883.63 million during the quarter, compared to analysts' expectations of $838.61 million. During the same quarter last year, the company posted $1.62 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Woodward, Inc. will post 6.15 EPS for the current fiscal year.

Woodward Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, May 22nd. Woodward's dividend payout ratio is 18.09%.

Insider Buying and Selling

In other news, CEO Charles P. Blankenship sold 5,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $214.38, for a total value of $1,071,900.00. Following the sale, the chief executive officer now directly owns 72,878 shares in the company, valued at $15,623,585.64. The trade was a 6.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Terence J. Voskuil sold 10,000 shares of Woodward stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $231.03, for a total transaction of $2,310,300.00. Following the completion of the sale, the executive vice president now owns 4,945 shares in the company, valued at $1,142,443.35. This trade represents a 66.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,250 shares of company stock valued at $9,035,789 over the last ninety days. Insiders own 0.82% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WWD. Truist Financial set a $267.00 target price on Woodward and gave the stock a "buy" rating in a research report on Thursday, June 12th. Jefferies Financial Group restated a "buy" rating and issued a $245.00 price objective (up from $225.00) on shares of Woodward in a research note on Friday, May 23rd. The Goldman Sachs Group raised their target price on shares of Woodward from $229.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft raised shares of Woodward from a "hold" rating to a "buy" rating and set a $291.00 target price for the company in a research report on Tuesday, June 3rd. Finally, UBS Group raised their price target on Woodward from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Woodward has a consensus rating of "Moderate Buy" and an average target price of $228.88.

Woodward Company Profile

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft.

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