Woodward Reaches New 52-Week High (WWD)

NEW YORK ( TheStreet) -- Woodward (Nasdaq: WWD) hit a new 52-week high Friday as it is currently trading at $45.83, above its previous 52-week high of $45.80 with 135,760 shares traded as of 12:04 p.m. ET. Average volume has been 414,300 shares over the past 30 days.

Woodward has a market cap of $2.94 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.2% year to date as of the close of trading on Thursday.

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 22.3, below the average industrial industry P/E ratio of 22.6 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, revenue growth, solid stock price performance, 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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