Kennedy Capital Management buys $33.8 Million stake in Woodward Inc (WWD)

Woodward Inc (WWD) : Kennedy Capital Management scooped up 778 additional shares in Woodward Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 620,482 shares of Woodward Inc which is valued at $33.8 Million.Woodward Inc makes up approximately 0.70% of Kennedy Capital Management’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in WWD in the latest quarter, The investment management firm added 11,282 additional shares and now holds a total of 394,102 shares of Woodward Inc which is valued at $21.5 Million. Woodward Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Norges Bank reduced its stake in WWD by selling 776,323 shares or 53.71% in the most recent quarter. The Hedge Fund company now holds 669,020 shares of WWD which is valued at $36.4 Million. Woodward Inc makes up approx 0.02% of Norges Bank’s portfolio.Blackrock Group Ltd boosted its stake in WWD in the latest quarter, The investment management firm added 7,278 additional shares and now holds a total of 36,227 shares of Woodward Inc which is valued at $2 Million. Parametrica Management Ltd added WWD to its portfolio by purchasing 4,942 company shares during the most recent quarter which is valued at $268,548. Woodward Inc makes up approx 0.97% of Parametrica Management Ltd’s portfolio.Diversified Trust Co reduced its stake in WWD by selling 400 shares or 7.14% in the most recent quarter. The Hedge Fund company now holds 5,200 shares of WWD which is valued at $282,568. Woodward Inc makes up approx 0.04% of Diversified Trust Co’s portfolio.

Woodward Inc opened for trading at $56.99 and hit $57.33 on the upside on Wednesday, eventually ending the session at $57.21, with a gain of 0.88% or 0.5 points. The heightened volatility saw the trading volume jump to 3,41,131 shares. Company has a market cap of $3,496 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.

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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