Moog (NYSE:MOG.A) Hits New 12-Month High – What’s Next?

Moog Inc. (NYSE:MOG.A)’s stock price hit a new 52-week high on Thursday . The company traded as high as $423.37 and last traded at $419.8620, with a volume of 106623 shares traded. The stock had previously closed at $404.90.

Analyst Upgrades and Downgrades

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

Moog Trading Up 1.9%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.68. The company has a market capitalization of $13.44 billion, a P/E ratio of 47.73 and a beta of 0.98. The stock has a fifty day moving average of $347.26 and a 200 day moving average of $312.42.

Moog (NYSE:MOG.A) last announced its quarterly earnings data on Friday, April 24th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.28. Moog had a net margin of 6.83% and a return on equity of 16.11%. The firm had revenue of $1.05 billion during the quarter. During the same period last year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts anticipate that Moog Inc. will post 10.61 EPS for the current fiscal year.

Insider Buying and Selling at Moog

In other Moog news, Director Janet M. Coletti sold 604 shares of Moog stock in a transaction 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 directly owned 6,145 shares of the company’s stock, valued at $2,333,010.70. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Scannell sold 3,000 shares of the firm’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. Corporate 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.