NEW YORK ( TheStreet) -- Woodward (Nasdaq: WWD) hit a new 52-week high Wednesday as it is currently trading at $41.35, above its previous 52-week high of $41.26 with 108,349 shares traded as of 10:46 a.m. ET. Average volume has been 374,700 shares over the past 30 days.

Woodward has a market cap of $2.48 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 Tuesday.

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 20.6, above the average industrial industry P/E ratio of 19 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Woodward as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Woodward Ratings Report.

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