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Woodward (NYSE:WWD)’s share price reached a new 52-week high during trading on Thursday , Analyst RN reports. The stock traded as high as $48.87 and last traded at $48.73, with a volume of 673,939 shares changing hands. The stock had previously closed at $44.67.

A number of research firms have recently commented on WWD. Analysts at CL King upgraded shares of Woodward from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 23rd. Analysts at Zacks upgraded shares of Woodward from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $42.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Woodward has an average rating of “Buy” and an average target price of $46.10.

The stock’s 50-day moving average is $44.69 and its 200-day moving average is $43.40. The company has a market cap of $3.314 billion and a P/E ratio of 21.26.

Woodward (NYSE:WWD) last announced its earnings results on Tuesday, April 22nd. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.16. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $481.86 million. During the same quarter last year, the company posted $0.61 earnings per share. Woodward’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Woodward will post $2.24 earnings per share for the current fiscal year.

Woodward, Inc is a designer, manufacturer, and service provider of energy controls and optimization solutions.

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