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

Shares of Moog Inc. (NYSE:MOG.A) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $430.52 and last traded at $423.9030, with a volume of 358337 shares trading hands. The stock had previously closed at $425.85.

Analyst Ratings Changes

A number of brokerages have weighed in on MOG.A. TD Cowen boosted their target price on Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Truist Financial raised shares of Moog to a “strong-buy” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $450.00.

Moog Stock Down 1.1%

The company has a market capitalization of $13.19 billion, a PE ratio of 46.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12. The company has a 50-day moving average of $355.76 and a two-hundred day moving average of $318.04.

Moog (NYSE:MOG.A) last issued its quarterly 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. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business had revenue of $1.05 billion during the quarter. During the same quarter in the previous year, the company earned $1.92 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Sell-side analysts anticipate that Moog Inc. will post 10.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Moog 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 transaction, the director owned 33,540 shares of the company’s stock, valued at $12,529,873.20. The trade was a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet M. Coletti sold 604 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was 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. The trade was a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.