Moog (NYSE:MOG.A) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Moog Inc. (NYSE:MOG.A) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $322.84 and traded as high as $409.98. Moog shares last traded at $405.62, with a volume of 213,555 shares.

Analyst Upgrades and Downgrades

MOG.A has been the subject of a number of analyst reports. TD Cowen upped their price target on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Truist Financial upgraded Moog to a “strong-buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of $450.00.

Moog Price Performance

The stock has a market cap of $12.85 billion, a PE ratio of 45.63 and a beta of 0.96. The stock’s fifty day moving average is $364.50 and its 200-day moving average is $322.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12.

Moog (NYSE:MOG.A) last issued its earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.28. The company had revenue of $1.05 billion for the quarter. Moog had a net margin of 6.83% and a return on equity of 16.11%. Moog’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share. As a group, equities analysts anticipate that Moog Inc. will post 10.61 EPS for the current year.

Insider Buying and Selling

In other news, Director John Scannell sold 3,000 shares of Moog stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the sale, the director owned 33,540 shares of the company’s stock, valued at approximately $12,529,873.20. The trade was a 8.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet M. Coletti sold 604 shares of Moog stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total transaction of $229,314.64. Following the sale, the director directly owned 6,145 shares in the company, valued at approximately $2,333,010.70. The trade was a 8.95% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is owned by company insiders.

About Moog

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.