KeyBanc Starts Woodward (WWD) at Buy; Unique Play on Two compelling Markets - Aerospace & Energy

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KeyBanc initiates coverage on Woodward (NASDAQ: WWD) with a Buy. PT $45.00.

KeyBanc analyst said, "We believe WWD offers investors a unique play on two compelling, late cycle secular growth markets - commercial aerospace and energy, specifically natural gas. In our view WWD is ideally situated to further monetize its suite of product offerings that specifically cater to each sector's distinct energy control, optimization and efficiency needs."

"Presently WWD shares are trading at 14.3x our CY13 estimate, a 14% discount to the Company's historic multiple and a 21% premium to its peer KBCM diversified industrials average multiple of 11.8x."

For an analyst ratings summary and ratings history on Woodward click here. For more ratings news on Woodward click here.

Shares of Woodward closed at $38.57 yesterday, with a 52 week range of $24.39-$46.00.

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