Kennedy Capital Management Lowers stake in Woodward Inc (WWD)

Woodward Inc (WWD) : Kennedy Capital Management reduced its stake in Woodward Inc by 12.6% during the most recent quarter end. The investment management company now holds a total of 542,298 shares of Woodward Inc which is valued at $32,185,386 after selling 78,184 shares in Woodward Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Woodward Inc makes up approximately 0.62% of Kennedy Capital Management’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. added WWD to its portfolio by purchasing 23,884 company shares during the most recent quarter which is valued at $1,417,515. Woodward Inc makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio.Lafleur Godfrey reduced its stake in WWD by selling 460 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 106,159 shares of WWD which is valued at $6,300,537. Woodward Inc makes up approx 1.78% of Lafleur Godfrey’s portfolio.Lombardia Capital Partners reduced its stake in WWD by selling 218,463 shares or 24.31% in the most recent quarter. The Hedge Fund company now holds 680,155 shares of WWD which is valued at $40,081,534. Woodward Inc makes up approx 2.94% of Lombardia Capital Partners’s portfolio. Parametrica Management Ltd sold out all of its stake in WWD during the most recent quarter. The investment firm sold 4,942 shares of WWD which is valued $285,944.Eagle Asset Management Inc boosted its stake in WWD in the latest quarter, The investment management firm added 97,258 additional shares and now holds a total of 762,249 shares of Woodward Inc which is valued at $45,292,836. Woodward Inc makes up approx 0.30% of Eagle Asset Management Inc’s portfolio.

Woodward Inc opened for trading at $62.61 and hit $63.13 on the upside on Monday, eventually ending the session at $63.02, with a gain of 1.04% or 0.65 points. The heightened volatility saw the trading volume jump to 2,08,607 shares. Company has a market cap of $3,875 M.

On the company’s financial health, Woodward Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.76. The company had revenue of $508.00 million for the quarter, compared to analysts expectations of $520.18 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Woodward Inc. Company shares were Reiterated by Maxim Group on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .

Woodward Inc. is a designer manufacturer and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States Europe and Asia and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Company focuses primarily on original equipment manufacturers (OEMs) and equipment packagers partnering with them to bring component and system solutions to their demanding applications. The Company operates in two segments: Aerospace and Energy. The Company also provides aftermarket repair replacement and other service support for its installed products.

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