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Woodward, Inc.

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Woodward is steadily becoming a major supplier of aircraft, gas turbines and heavyduty engines. The company comfortably outperformed the Zacks Categorized instruments-Control industry in the last one year as it stands to benefit from increased global usage of natural gas as a source of electricity and transportation fuel. Woodward has also been recently witnessing strong backlog in the commercial aerospace space due to rising demand for fuel-efficient aircraft and increasing passenger miles. That said, Woodward's dependence on government defense budgets, stiff competition from a number of major players in the U.S. and abroad, persistent market weakness and sluggish growth in China are major concerns for the company. Persistent weakness in large capital projects remains one of the major dampeners for Woodward’s industrial segment.

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