Moog (NYSE:MOG.A) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Moog Inc. (NYSE:MOG.A) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $286.01 and traded as high as $347.40. Moog shares last traded at $343.6650, with a volume of 356,403 shares traded.

Wall Street Analyst Weigh In

Separately, Truist Financial raised Moog to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Moog Price Performance

The stock’s 50-day moving average is $310.04 and its 200 day moving average is $287.61. The stock has a market capitalization of $11.38 billion, a PE ratio of 40.39 and a beta of 0.93. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35.

Moog (NYSE:MOG.A) last released its quarterly earnings data on Friday, April 24th. The aerospace company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.28. The firm 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%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 EPS. As a group, equities analysts predict that Moog Inc. will post 10.61 earnings per share for the current year.

Insider Activity

In related news, Director Brenda Reichelderfer sold 2,000 shares of Moog stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $312.27, for a total transaction of $624,540.00. Following the completion of the sale, the director owned 2,585 shares of the company’s stock, valued at approximately $807,217.95. This trade represents a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.