Trade-Ideas LLC identified

Woodward

(

WWD

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Woodward as such a stock due to the following factors:

  • WWD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.8 million.
  • WWD has traded 5,508 shares today.
  • WWD is trading at a new lifetime high.

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More details on WWD:

Woodward, Inc. designs, manufactures, and services energy control and optimization solutions for the aerospace, industrial, and energy markets worldwide. The stock currently has a dividend yield of 0.8%. WWD has a PE ratio of 22. Currently there are 3 analysts that rate Woodward a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Woodward has been 325,400 shares per day over the past 30 days. Woodward has a market cap of $3.4 billion and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 1.28 and a short float of 5.3% with 9.04 days to cover. Shares are up 14.2% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Woodward as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • Net operating cash flow has significantly increased by 283.27% to $324.57 million when compared to the same quarter last year. In addition, WOODWARD INC has also vastly surpassed the industry average cash flow growth rate of -24.55%.
  • WOODWARD INC' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, WOODWARD INC increased its bottom line by earning $2.75 versus $2.46 in the prior year. This year, the market expects an improvement in earnings ($2.76 versus $2.75).
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • The debt-to-equity ratio is somewhat low, currently at 0.64, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.76 is somewhat weak and could be cause for future problems.
  • Despite the weak revenue results, WWD has outperformed against the industry average of 14.0%. Since the same quarter one year prior, revenues slightly dropped by 2.8%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

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