Woodward, Inc. (WWD) to Spend $200 Million to Build 300,000-Square-Foot Factory; UBS Maintains Its Buy Rating with $299 PT

Core Insights - Woodward, Inc. (NASDAQ: WWD) has garnered significant hedge fund interest and is trending on Reddit, earning a place among the 10 Best Non-Tech Stocks to Buy According to Reddit [1] Group 1: Financial Outlook - UBS analyst Gavin Parsons maintained a Buy rating on Woodward, Inc. with a price target of $299, highlighting the company's positive outlook driven by the growth of the China LNG heavy-duty truck market [2] - The revenue projection for Woodward, Inc. appears well-positioned, with increased demand attributed to LNG's cost advantages over diesel [2] Group 2: Operational Developments - Woodward, Inc. announced plans to invest approximately $200 million to build a 300,000-square-foot factory for aviation parts in Greer, South Carolina, expected to commence operations in 2027 and create around 275 jobs [3] - The fourth quarter is typically the peak season for LNG and electric truck sales, which supports the company's ability to meet or exceed revenue and EBIT expectations in the short term [3] Group 3: Company Overview - Woodward, Inc. is a global manufacturer of control system components serving the commercial and energy sectors, as well as the aerospace and industrial markets [4]