Lafleur Godfrey Lowers stake in Woodward Inc (WWD)

Woodward Inc (WWD) : Lafleur Godfrey reduced its stake in Woodward Inc by 0.43% during the most recent quarter end. The investment management company now holds a total of 106,159 shares of Woodward Inc which is valued at $6,300,537 after selling 460 shares in Woodward Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Woodward Inc makes up approximately 1.78% of Lafleur Godfrey’s portfolio.

Other Hedge Funds, Including , Segall Bryant Hamill reduced its stake in WWD by selling 72,487 shares or 35.45% in the most recent quarter. The Hedge Fund company now holds 132,008 shares of WWD which is valued at $7,834,675. Woodward Inc makes up approx 0.20% of Segall Bryant Hamill’s portfolio.Ubs Asset Management Americas Inc boosted its stake in WWD in the latest quarter, The investment management firm added 66,070 additional shares and now holds a total of 218,765 shares of Woodward Inc which is valued at $13,051,520. Woodward Inc makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio. Brc Investment Management sold out all of its stake in WWD during the most recent quarter. The investment firm sold 13,984 shares of WWD which is valued $824,077.First Trust Advisors Lp reduced its stake in WWD by selling 19,066 shares or 40.06% in the most recent quarter. The Hedge Fund company now holds 28,532 shares of WWD which is valued at $1,681,391. Woodward Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Gamco Investors Et Al reduced its stake in WWD by selling 200 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 117,565 shares of WWD which is valued at $6,928,105. Woodward Inc makes up approx 0.04% of Gamco Investors Et Al’s portfolio.

Woodward Inc opened for trading at $60.95 and hit $61.895 on the upside on Friday, eventually ending the session at $61.78, with a gain of 0.90% or 0.55 points. The heightened volatility saw the trading volume jump to 2,27,060 shares. Company has a market cap of $3,798 M.

On the company’s financial health, Woodward Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.76. The company had revenue of $508.00 million for the quarter, compared to analysts expectations of $520.18 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Woodward Inc. Company shares were Reiterated by Maxim Group on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .

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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