Moog (NYSE:MOG.A) Hits New 1-Year High – Here’s Why

Moog Inc. (NYSE:MOG.A) reached a new 52-week high on Wednesday . The stock traded as high as $430.66 and last traded at $429.97, with a volume of 197995 shares changing hands. The stock had previously closed at $416.98.

Analyst Upgrades and Downgrades

MOG.A has been the topic of a number of research reports. Truist Financial increased their target price on shares of Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on Moog in a research note on Monday, July 20th. They issued an “overweight” rating and a $520.00 price objective for the company. Finally, TD Cowen boosted their price target on shares of Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $462.33.

Moog Stock Performance

The company has a market cap of $13.62 billion, a price-to-earnings ratio of 36.56 and a beta of 0.98. The firm has a 50-day simple moving average of $403.21 and a 200 day simple moving average of $346.34. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41.

Moog (NYSE:MOG.A) last released its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $2.66 by $1.06. Moog had a return on equity of 17.67% and a net margin of 8.73%.The business had revenue of $1.12 billion during the quarter. During the same quarter last year, the company earned $2.37 EPS. Moog’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Moog Inc. will post 11.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Moog

In other news, Director John Scannell sold 3,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 33,540 shares of the company’s stock, valued at $12,529,873.20. This represents a 8.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet M. Coletti sold 604 shares of the stock in a transaction dated 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 $2,333,010.70. This represents a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.46% of the company’s stock.

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.