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Is Woodward (WWD) a Worthy Investment Choice?

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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."

Dmitry Birin/Shutterstock.comr

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.