NEW YORK ( TheStreet) -- Woodward (Nasdaq: WWD) hit a new 52-week high Tuesday as it is currently trading at $39.63, above its previous 52-week high of $39.52 with 949,833 shares traded as of 1:31 p.m. ET. Average volume has been 336,700 shares over the past 30 days.

Woodward has a market cap of $2.5 billion and is part of the industrial goods sector and industrial industry. Shares are unchanged year to date as of the close of trading on Monday.

Woodward, Inc. engages in the design, manufacture, and servicing of energy control and optimization solutions primarily for aerospace and defense, and energy markets worldwide. The company has a P/E ratio of 20.4, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Woodward as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Woodward Ratings Report.

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