Here’s Why Woodward (WWD)’s shares Were Pressured in the Second Quarter

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” second quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather disappointing returns in the second quarter of 2022. In what has become a common theme, the Russell 2000® Growth Index (down 19.26%) significantly lagged its Russell 2000® Value Index (down 15.28%) counterpart and has now trailed in seven consecutive quarters Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Carillon Eagle Small Cap Growth Fund mentioned Woodward, Inc. (NASDAQ:WWD) and explained its insights for the company. Founded in 1870, Woodward, Inc. (NASDAQ:WWD) is a Fort Collins, Colorado-based control systems and control system components designer, manufacturer, and service provider with a $4.8 billion market capitalization. Woodward, Inc. (NASDAQ:WWD) delivered a -26.68% return since the beginning of the year, while its 12-month returns are down by -31.77%. The stock closed at $80.26 per share on September 30, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Woodward, Inc. (NASDAQ:WWD) in its Q2 2022 investor letter:

Woodward develops and produces control systems and energy conversion solutions and components for the aerospace and industrial end markets. The company’s shares were pressured after announcing quarterly results that were negatively impacted by supply chain disruptions, as well as by labor shortages and inflationary cost pressures. The company’s management expects these challenges to persist for the near term. Despite these current headwinds, Woodward is well-positioned to capitalize on favorable trends within both its aerospace and industrial businesses. Demand for Woodward’s aftermarket components within narrow-body commercial jets remains strong, and the current global energy landscape is driving interest in the company’s power generation solutions.”


Our calculations show that Woodward, Inc. (NASDAQ:WWD) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Woodward, Inc. (NASDAQ:WWD) was in 18 hedge fund portfolios at the end of the second quarter of 2022, compared to 16 funds in the previous quarter. Woodward, Inc. (NASDAQ:WWD) delivered a -14.14% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on Woodward, Inc. (NASDAQ:WWD) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.