Is Woodward (WWD) a Worthy Investment Choice?
Carillon Tower Advisers, an financial investment management organization, revealed its “Carillon Eagle Modest Cap Advancement Fund” very first quarter 2022 trader letter – a duplicate of which can be downloaded below. Smaller-cap stocks all round posted alternatively lackluster returns in the initially quarter of 2022. There was, on the other hand, a noteworthy degree of disparity amongst the two model indexes, as the Russell 2000® Growth Index (down 12.63%) considerably lagged its Russell 2000® Value Index (down 2.40%) counterpart for the sixth consecutive quarter. Try to invest some time having 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 Compact Cap Expansion Fund talked about Woodward, Inc. (NASDAQ:WWD) and stated its insights for the enterprise. Started in 1870, Woodward, Inc. (NASDAQ:WWD) is a Fort Collins, Colorado-dependent command programs and manage method parts designer, manufacturer, and assistance company with a $5.5 billion market place capitalization. Woodward, Inc. (NASDAQ:WWD) delivered a -16.10% return given that the starting of the year, when its 12-month returns are down by -25.26%. The stock closed at $91.84 per share on June 29, 2022.
Below is what Carillon Eagle Compact Cap Progress Fund has to say about Woodward, Inc. (NASDAQ:WWD) in its Q1 2022 trader letter:
“Woodward (NASDAQ:WWD) develops and makes command devices and power conversion options and factors for the aerospace and industrial conclusion marketplaces. The company’s stock was a strong performer in the quarter, as the end markets it serves began recovering in the second fifty percent of 2021 from a COVID-induced slowdown. Woodward’s relatively large exposure to narrow-entire body commercial jets really should be a optimistic in the in close proximity to-expression, as narrow-system manufacturing, together with the demand for Woodward’s aftermarket components, is looking at a more quickly restoration and is a growing share of the complete fleet about their extensive-physique counterparts. Existing electrical power and electrical power need is driving advancement in energy generation, as very well as oil, gas, and substitute fuels, which has benefited the industrial facet of the organization.”
Our calculations demonstrate that Woodward, Inc. (NASDAQ:WWD) fell brief and didn’t make it on our record of the 30 Most Well-liked Stocks Among the Hedge Funds. Woodward, Inc. (NASDAQ:WWD) was in 16 hedge fund portfolios at the end of the very first quarter of 2022, in contrast to 27 resources in the earlier quarter. Woodward, Inc. (NASDAQ:WWD) shipped a -27.95% return in the past 3 months.
In January 2022, we revealed an article that involves Woodward, Inc. (NASDAQ:WWD) in 9 Best Price Stocks to Buy Now. You can find other investor letters from hedge cash and popular investors on our hedge fund trader letters 2022 Q1 website page.
Disclosure: None. This posting is at first revealed at Insider Monkey.