Moog (NYSE:MOG.A) Sets New 52-Week High – Still a Buy?

Moog Inc. (NYSE:MOG.A) reached a new 52-week high during trading on Tuesday . The stock traded as high as $448.85 and last traded at $445.72, with a volume of 250268 shares changing hands. The stock had previously closed at $441.21.

Analysts Set New Price Targets

A number of brokerages have weighed in on MOG.A. 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 research report on Tuesday, August 4th. TD Cowen increased 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. Finally, JPMorgan Chase & Co. began coverage on Moog in a research report on Monday, July 20th. They set an “overweight” rating and a $520.00 price target on the stock. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $462.33.

Moog Stock Down 6.1%

The company has a 50 day moving average of $409.90 and a 200-day moving average of $352.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34. The company has a market cap of $13.02 billion, a P/E ratio of 34.96 and a beta of 0.98.

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 analysts’ consensus estimates 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 for the quarter. During the same quarter in the prior year, the company earned $2.37 earnings per share. Moog’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts predict that Moog Inc. will post 11.68 earnings per share for the current year.

Insider Activity at Moog

In other Moog news, Director Janet M. Coletti sold 604 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total value 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. The trade was a 8.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Scannell sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.46% of the company’s stock.

Institutional Investors Weigh In On Moog

A number of hedge funds have recently made changes to their positions in the business. Globeflex Capital L P purchased a new stake in shares of Moog in the 2nd quarter valued at $2,386,000. Ancora Advisors LLC purchased a new position in Moog in the 2nd quarter worth $1,323,000. Public Employees Retirement System of Ohio bought a new stake in Moog in the second quarter worth $426,000. Finally, Archer Investment Corp bought a new stake in Moog in the second quarter worth $342,000. 87.95% of the stock is currently owned by institutional investors.

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.