Is Woodward (WWD) a Worthy Investment Choice?
Carillon Tower Advisers, an expenditure management business, printed its “Carillon Eagle Little Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded right here. Modest-cap shares in general posted somewhat lackluster returns in the to start with quarter of 2022. There was, nonetheless, a noteworthy level of disparity amongst the two type indexes, as the Russell 2000® Progress Index (down 12.63%) drastically lagged its Russell 2000® Worth Index (down 2.40%) counterpart for the sixth consecutive quarter. Try to commit some time using a look at the fund’s major 5 holdings to be informed about their very best picks for 2022.
In its Q1 2022 trader letter, Carillon Eagle Small Cap Progress Fund described Woodward, Inc. (NASDAQ:WWD) and explained its insights for the firm. Established in 1870, Woodward, Inc. (NASDAQ:WWD) is a Fort Collins, Colorado-primarily based command systems and management process parts designer, company, and company provider with a $5.5 billion industry capitalization. Woodward, Inc. (NASDAQ:WWD) sent a -16.10% return because the commencing of the year, when its 12-thirty day period returns are down by -25.26%. The inventory shut at $91.84 for every share on June 29, 2022.
Here is what Carillon Eagle Tiny Cap Development Fund has to say about Woodward, Inc. (NASDAQ:WWD) in its Q1 2022 investor letter:
“Woodward (NASDAQ:WWD) develops and creates regulate systems and electrical power conversion alternatives and parts for the aerospace and industrial conclude marketplaces. The company’s inventory was a sturdy performer in the quarter, as the finish markets it serves began recovering in the next 50 percent of 2021 from a COVID-induced slowdown. Woodward’s rather large exposure to slim-physique professional jets must be a good in the in close proximity to-term, as narrow-human body manufacturing, together with the demand from customers for Woodward’s aftermarket parts, is viewing a a lot quicker recovery and is a rising share of the total fleet more than their large-body counterparts. Existing strength and electric power demand from customers is driving advancement in electric power era, as nicely as oil, gasoline, and option fuels, which has benefited the industrial facet of the small business.”
Our calculations present that Woodward, Inc. (NASDAQ:WWD) fell limited and didn’t make it on our record of the 30 Most Well known Stocks Amongst Hedge Cash. Woodward, Inc. (NASDAQ:WWD) was in 16 hedge fund portfolios at the stop of the initial quarter of 2022, compared to 27 cash in the past quarter. Woodward, Inc. (NASDAQ:WWD) sent a -27.95% return in the past 3 months.
In January 2022, we posted an article that features Woodward, Inc. (NASDAQ:WWD) in 9 Greatest Value Stocks to Buy Now. You can come across other investor letters from hedge funds and prominent traders on our hedge fund trader letters 2022 Q1 site.
Disclosure: None. This write-up is at first posted at Insider Monkey.