WWD Stock Summary and Trading Ideas (Woodward | NASDAQ:WWD)

Woodward Inc is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It designs, produces, and service reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. The company holds production and assembly facilities primarily in the United States, Europe, and Asia, and promotes products and services through worldwide locations.

Woodward trades on the NASDAQ stock market under the symbol WWD.

As of April 15, 2024, WWD stock price declined to $145.56 with 361,491 million shares trading.

WWD has a beta of 0.81, meaning it tends to be less sensitive to market movements. WWD has a correlation of 0.16 to the broad based SPY ETF.

WWD has a market cap of $8.78 billion. This is considered a Mid Cap stock.

Last quarter Woodward reported $787 million in Revenue and $1.45 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.35.

In the last 3 years, WWD stock traded as high as $160.79 and as low as $79.26.

The top ETF exchange traded funds that WWD belongs to (by Net Assets): IJH, VTI, VB, ITA, VXF.

WWD has outperformed the market in the last year with a return of +55.4%, while the SPY ETF gained +25.3%. However, in the most recent history, WWD shares have underperformed the stock market with its stock returning +4.6% in the last 3 month period and -5.6% for the last 2 week period, while SPY has returned +6.2% and -3.6%, respectively.

WWD support price is $144.26 and resistance is $148.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WWD stock will trade within this expected range on the day.