Moog (NYSE:MOG.A) Trading Down 11.3% – Should You Sell?

Moog Inc. (NYSE:MOG.A)’s share price fell 11.3% on Friday . The stock traded as low as $365.74 and last traded at $371.9380. 79,940 shares were traded during mid-day trading, a decline of 73% from the average session volume of 299,921 shares. The stock had previously closed at $419.25.

Analyst Ratings Changes

A number of analysts have recently issued reports on MOG.A shares. Truist Financial upgraded shares of Moog to a “strong-buy” rating in a report on Friday, May 1st. TD Cowen upped their price objective on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. started coverage on Moog in a research note on Monday, July 20th. They set an “overweight” rating and a $520.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Moog has an average rating of “Buy” and a consensus target price of $485.00.

Moog Price Performance

The stock’s 50-day simple moving average is $394.07 and its 200 day simple moving average is $339.68. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 44.00 and a beta of 0.96.

Moog (NYSE:MOG.A) last announced its earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $1.06. Moog had a net margin of 6.83% and a return on equity of 16.11%. The company had revenue of $1.12 billion during the quarter. During the same period last year, the business earned $2.37 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts anticipate that Moog Inc. will post 10.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Janet M. Coletti sold 604 shares of the 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 completion of the transaction, the director owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the director owned 33,540 shares of the company’s stock, valued at $12,529,873.20. This trade represents a 8.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.46% of the company’s stock.

Moog Company Profile

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.