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Friday, January 21, 2022

Woodward Inc. (WWD) Finding Strong Support

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Many stocks have been testing new highs in 2020, and one of the most notable is Woodward Inc. (WWD). Currently, WWD is trading at $85.35 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $68.83.

To add more color to this target, the company’s high over the last year is $129.06 and the low is $46.51. Over the last 52 weeks, WWD is down -33.87% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, WWD reported a profit of $202.71 million. Woodward Inc. also saw revenues increase to $720.22 million. In addition, WWD has free cash flow of $22.82 million as of 03-2020 The company’s EBITDA came in at $143.44 million which compares well with its peers.

WWD booked profit margins of 9.50%, its Return on Equity (ROE) is 15.60%, and its Return on Assets is 6.90%. All told, it is clear that, WWD needs to be on your watchlist.

About Woodward Inc.

If readers are unfamiliar, Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems. It also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. This segment sells its products to original equipment manufacturers (OEMs), tier-one suppliers, and various contractors, as well as through aftermarket sales of components, such as provisioning spares or replacements, and spare parts. The Industrial segment designs, produces, and services systems and products for the management of fuel, air, fluids, gases, motion, combustion, and electricity. Its products include actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, power converters, sensors, and other devices that measure, communicate, and protect electrical distribution systems for use in industrial gas turbines, steam turbines, reciprocating engines, electric power generation and power distribution systems, wind turbines, and compressors. This segment sells its aftermarket products, and other related services to OEMs through an independent network of distributors, as well as directly to end users. The company was founded in 1870 and is headquartered in Fort Collins, Colorado.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. WWD has a short ratio of 3.30 and outstanding shares of 62.27M.

Company Outlook

WWD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.65 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 4.46. Woodward Inc. WWD also noted assets of $4.06 billion at the end of the last quarter. Investors should also keep an eye on sector updates as WWD has historically followed its peers on positive news.

All told, Woodward Inc. WWD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WWD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Woodward Inc. WWD is now commanding a market cap of 4.98B and a float of 57.89M. WWD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of WWD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in WWD, either long or short, and we have not been compensated for this article.

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