Is Woodward (WWD) a Worthy Investment Choice?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather lackluster returns in the first quarter of 2022. There was, however, a notable level of disparity between the two style indexes, as the Russell 2000® Growth Index (down 12.63%) significantly lagged its Russell 2000® Value Index (down 2.40%) counterpart for the sixth consecutive quarter.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 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 $5.5 billion market capitalization. Woodward, Inc. (NASDAQ:WWD) delivered a -16.10% return since the beginning of the year, while its 12-month returns are down by -25.26%. The stock closed at $91.84 per share on June 29, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Woodward, Inc. (NASDAQ:WWD) in its Q1 2022 investor letter:

Woodward (NASDAQ:WWD) develops and produces control systems and energy conversion solutions and components for the aerospace and industrial end markets. The company’s stock was a strong performer in the quarter, as the end markets it serves began recovering in the second half of 2021 from a COVID-induced slowdown. Woodward’s relatively high exposure to narrow-body commercial jets should be a positive in the near-term, as narrow-body manufacturing, along with the demand for Woodward’s aftermarket components, is seeing a quicker recovery and is a growing share of the total fleet over their wide-body counterparts. Current energy and power demand is driving growth in power generation, as well as oil, gas, and alternative fuels, which has benefited the industrial side of the business.”

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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 16 hedge fund portfolios at the end of the first quarter of 2022, compared to 27 funds in the previous quarter. Woodward, Inc. (NASDAQ:WWD) delivered a -27.95% return in the past 3 months.

In January 2022, we published an article that includes Woodward, Inc. (NASDAQ:WWD) in 9 Best Value Stocks to Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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