Woodward Stock Hits New 52-Week High (WWD)

NEW YORK ( TheStreet) -- Woodward (Nasdaq: WWD) hit a new 52-week high Thursday as it is currently trading at $44.44, above its previous 52-week high of $44.43 with 49,185 shares traded as of 10:55 a.m. ET. Average volume has been 382,300 shares over the past 30 days.

Woodward has a market cap of $3 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.6% year to date as of the close of trading on Wednesday.

Woodward, Inc. designs, manufactures, and services energy control and optimization solutions for the aerospace and energy markets worldwide. The company has a P/E ratio of 23.1, equal to the average industrial industry P/E ratio 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 impressive record of earnings per share growth, robust revenue growth, good cash flow from operations, solid stock price performance 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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