Woodward Is a Quality Growth Pick That Deserves More Attention

InvestorPlace2021-09-22

WWD stock is a strong mid-cap trade with aerospace and industrial opportunities. While riding my bike through beautiful Ft. Collins, CO, I spotted a massive corporate and manufacturing building ...

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Comments

Kristo
2021-09-22
Kristo
Test
Ghuna
2021-09-22
Ghuna
Slow n steady. Like pls.
KHYAP
2021-09-22
KHYAP
????????

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Collins, CO, I spotted a massive corporate and manufacturing building ...</p>\n\n<a href=\"https://investorplace.com/2021/09/woodward-is-a-quality-growth-pick-that-deserves-more-attention/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WWD","symbol_name":"伍德沃德","start_time":0,"source_url":"https://investorplace.com/2021/09/woodward-is-a-quality-growth-pick-that-deserves-more-attention/","article_id":"1193827174","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193827174","pubTimestamp":1632303087,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"WWD stock is a strong mid-cap trade with aerospace and industrial opportunities.\n\nWhile riding my bi","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WWD":"伍德沃德"},"translate_title":"伍德沃德是一个值得更多关注的优质增长人选","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QSII":0.9,"WWD":0.9},"content_text":"WWD stock is a strong mid-cap trade with aerospace and industrial opportunities.\n\nWhile riding my bike through beautiful Ft. Collins, CO, I spotted a massive corporate and manufacturing building complex. Upon further investigation, it turned out to be the corporate headquarters of 150-year-old aerospace and industrial company Woodward. I used to follow the company back when they were called Woodward Governor, and decided to take a closer look at WWD stock.\nWoodward designs and manufactures control system solutions and components for the aerospace and industrial markets. Its offerings include fuel pumps, engine controls and turbines.\nIt operates in two segments – aerospace and industrial. On the industrial side, the company makes products for the management of fuel, air, gases, electricity and combustion.\nKey Investment Points for WWD Stock\nAccording to an investor presentation from the company, Woodward expects future growth from the worldwide expansion of the aviation market. It also predicts a boost from the strong push for energy efficiency across most industrial companies.\nWoodward has produced steady financial results — with the exception of 2020’s Covid driven aviation and energy declines.\nFree cash flow remains a hallmark of the company’s business model. Woodward is able to reinvest the cash in opportunistic acquisitions, dividend growth and share buybacks. The strong free cash flow has enabled it to keep its leverage ratios relatively low, usually around 2x.\nThe company has somewhat of a competitive moat, as the certifications required to operate in the highly regulated aviation business are often hard to achieve. This is also true in many of their regulated energy related businesses.\nOn the aerospace side, the company’s revenue is about 40% after-market, providing a steady recurring revenue stream. The business is roughly split evenly between commercial aircraft and defense-related aircraft.\nAn Encouraging Update From Woodward\nAs stated in Woodward’s third-quarter earnings call, the commercial aerospace market has begun to recover as many airlines begin to reactivate parked fleets. U.S. air travel is moving toward pre-Covid levels, but international air travel is still weak.\nDelta variant fears may cause short-term hiccups in this growth trajectory. But regardless of Covid’s effects, this commercial air fleet uses a lot of Woodward’s advanced technology and components. This provides a source of strong after-market growth for the company.\nOn the industrial side, particularly in power generation, demand is increasing. Sector growth in Asia as well as the widespread replacement of coal-powered plants are expected to drive this increase into 2022. The company expects after-market activity to return to pre-Covid levels at some point next year.\nAn interesting growth sub-segment for Woodward is back-up power generation for data centers and cloud-based operations. Other customer segments that are showing positive signs include the natural gas truck, marine and oil markets.\nThe company is on track to return 50% of net earnings to shareholders in the form of dividends or share repurchases. The remainder is likely to be used for mergers and acquisitions. The company expects to continue to generate strong levels of free cash flow as it has historically.\nWWD Stock Is a Great Long-Term Pick\nWWD stock has had a nice run since the 2008 financial crisis. It has risen more than 10-fold since then and shown decent recovery from the Covid-19 crash, increasing by more than 100%.\nThe stock is not currently cheap, as it trades at 30 times 2022 consensus EPS, which may be a full recovery year.\nThe dividend yield is only 0.55% largely due to the high stock price and low payout ratio of 14.73%. The company has not repurchased shares in the nine-month period ending June 30, which appears to be a sensible move.\nWhen the meme and day-trading trends fade away, investors will be looking for companies like this. Real earnings! Real free cash flow! Solid returns on capital and equity! Low debt ratios! WWD stock has all of these attributes, and I believe it will be in high demand in the not-so-distant future.\nAlternatively, quality mid-cap companies like Woodward, with a market cap of only $7.4 billion, would make a nice bite-sized acquisition for larger aerospace and industrial companies. Either way, investors in WWD stock would benefit in the end.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":869528401,"gmtCreate":1632307019803,"gmtModify":1676530748059,"author":{"id":"3557634928383187","authorId":"3557634928383187","name":"Kristo","avatar":"https://static.tigerbbs.com/07075676425d47f31685477722d0d415","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3557634928383187","authorIdStr":"3557634928383187"},"htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869528401","repostId":1193827174,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":869569157,"gmtCreate":1632304729979,"gmtModify":1676530747747,"author":{"id":"3583465977097611","authorId":"3583465977097611","name":"Ghuna","avatar":"https://static.tigerbbs.com/b2083449d33291e1e0e35b026e7cad96","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3583465977097611","authorIdStr":"3583465977097611"},"htmlText":"Slow n steady. Like pls.","listText":"Slow n steady. Like pls.","text":"Slow n steady. 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