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Woodward Stock Is One Worth Watching As Aerospace Remains A Hot Group
Investors· 2026-03-06 19:27
Core Viewpoint - Woodward (WWD) is highlighted as a strong performer in the aerospace sector, maintaining a position above key moving averages and showing significant growth in earnings and sales, making it a stock to watch this week [1] Financial Performance - Woodward reported a 61% year-over-year increase in earnings, reaching $2.17 per share, and a 29% rise in sales to $996 million, surpassing analyst expectations of $1.65 per share and $890.1 million in revenue [1] - The aerospace segment saw revenue growth of 29% to $635 million, with earnings increasing by 57% to $148 million, driven by industry-wide growth [1] - The industrial segment experienced a 30% increase in sales to $362 million, with earnings soaring by 67% [1] - Earnings growth over the past four quarters has ranged from 4% to 61%, while sales growth has varied from 6% to 29% [1] - Projections indicate earnings will rise by 27% in 2026 and by 16% in 2027 [1] Stock Performance and Market Position - Despite a nearly 4% drop recently, Woodward stock has shown resilience after a 13% jump following earnings, currently forming a new base with a potential buy point at 403.31 [1] - The stock has undergone a powerful 48% run from a previous breakout, indicating strong market interest [1] - Woodward holds a top-tier 99 IBD Composite Rating and a solid 98 Earnings Per Share Rating, reflecting its strong fundamentals [1]