Woodward, Inc. (NASDAQ:WWD) is among the 12 Best Aerospace Stocks to Buy Right Now. On March 31, the company said that it had completed the acquisition of Valve Research & Manufacturing Company.

According to the press release, about 130 employees of the Florida-based manufacturer of flow control valves for aerospace applications will become members of Woodward and work under its Fuel Systems and Controls business. Moreover, the facility in Florida will be called the Woodward Florida Campus (WFC).

The transaction was originally announced on March 9, with the terms of the deal including the takeover of all outstanding shares of Valve Research & Manufacturing Company, along with its manufacturing facilities and real estate.

In other news, Wells Fargo on April 1 initiated coverage on Woodward, Inc. (NASDAQ:WWD) with an Overweight rating and announced a share price target of $440.

As of the close of business on April 2, the stock is a Strong Buy with an average share price upside potential of 13%.

Woodward, Inc. (NASDAQ:WWD) designs, produces, and services energy conversion and control solutions for the aerospace and industrial equipment markets.

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