Savant Capital Lowers stake in Woodward Inc (WWD)

Woodward Inc (WWD) : Savant Capital reduced its stake in Woodward Inc by 3.5% during the most recent quarter end. The investment management company now holds a total of 49,060 shares of Woodward Inc which is valued at $2.7 Million after selling 1,782 shares in Woodward Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Woodward Inc makes up approximately 0.83% of Savant Capital’s portfolio.

Other Hedge Funds, Including , Great Lakes Advisors added WWD to its portfolio by purchasing 80,672 company shares during the most recent quarter which is valued at $4.4 Million. Woodward Inc makes up approx 0.12% of Great Lakes Advisors’s portfolio.Profund Advisors boosted its stake in WWD in the latest quarter, The investment management firm added 1,361 additional shares and now holds a total of 9,141 shares of Woodward Inc which is valued at $496,722. Woodward Inc makes up approx 0.03% of Profund Advisors’s portfolio.Bronfman E.l. Rothschild reduced its stake in WWD by selling 194 shares or 31.39% in the most recent quarter. The Hedge Fund company now holds 424 shares of WWD which is valued at $23,040.Aperio Group boosted its stake in WWD in the latest quarter, The investment management firm added 4,772 additional shares and now holds a total of 37,538 shares of Woodward Inc which is valued at $2 Million. Woodward Inc makes up approx 0.02% of Aperio Group’s portfolio.

Woodward Inc opened for trading at $54.62 and hit $55.46 on the upside on Monday, eventually ending the session at $55.05, with a gain of 1.06% or 0.58 points. The heightened volatility saw the trading volume jump to 2,55,747 shares. Company has a market cap of $3,364 M.

On the company’s financial health, Woodward Inc reported $0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus of $0.67. The company had revenue of $479.00 million for the quarter, compared to analysts expectations of $495.62 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Investors should note that on Apr 25, 2016, Woodward Inc announced a cash dividend of $0.1100. The company’s management has announced May 19, 2016 as the ex-dividend date and fixed the record date on May 23, 2016. The payable date has been fixed on Jun 6, 2016.

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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