Royce Associates Lp buys $110,305,434 stake in Woodward Inc (WWD)

Woodward Inc (WWD) : Royce Associates Lp scooped up 28,100 additional shares in Woodward Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 1,848,901 shares of Woodward Inc which is valued at $110,305,434.Woodward Inc makes up approximately 0.69% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Geneva Advisors boosted its stake in WWD in the latest quarter, The investment management firm added 1,144 additional shares and now holds a total of 18,497 shares of Woodward Inc which is valued at $1,103,531. Woodward Inc makes up approx 0.02% of Geneva Advisors’s portfolio.Gsa Capital Partners Llp reduced its stake in WWD by selling 1,888 shares or 9.59% in the most recent quarter. The Hedge Fund company now holds 17,792 shares of WWD which is valued at $1,048,483. Woodward Inc makes up approx 0.05% of Gsa Capital Partners Llp’s portfolio.Savant Capital boosted its stake in WWD in the latest quarter, The investment management firm added 376 additional shares and now holds a total of 49,436 shares of Woodward Inc which is valued at $2,893,983. Woodward Inc makes up approx 0.80% of Savant Capital’s portfolio.Hermes Investment Management Ltd reduced its stake in WWD by selling 303,205 shares or 45.18% in the most recent quarter. The Hedge Fund company now holds 367,922 shares of WWD which is valued at $21,287,967. Woodward Inc makes up approx 0.41% of Hermes Investment Management Ltd’s portfolio.

Woodward Inc opened for trading at $59.57 and hit $60.59 on the upside on Monday, eventually ending the session at $60.38, with a gain of 1.74% or 1.03 points. The heightened volatility saw the trading volume jump to 1,30,589 shares. Company has a market cap of $3,712 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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