Moog (NYSE:MOG.A) Price Target Raised to $417.00

Moog (NYSE:MOG.A) had its price objective hoisted by Truist Financial from $344.00 to $417.00 in a report issued on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

MOG.A has been the subject of several other research reports. TD Cowen raised their price target on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. initiated coverage on shares of Moog in a report on Monday, July 20th. They issued an “overweight” rating and a $520.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $462.33.

Moog Price Performance

Shares of NYSE MOG.A opened at $410.52 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $400.71 and its two-hundred day moving average price is $343.85. The company has a market cap of $13.01 billion, a PE ratio of 34.91 and a beta of 0.98. Moog has a twelve month low of $187.66 and a twelve month high of $430.52.

Moog (NYSE:MOG.A) last released its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.12 billion during the quarter. During the same period in the previous year, the business earned $2.37 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts predict that Moog will post 11.7 EPS for the current year.

Insider Activity at Moog

In other news, Director John Scannell sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 33,540 shares in the company, valued at approximately $12,529,873.20. This trade represents 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 accessible through this link. Also, Director Janet M. Coletti sold 604 shares of the business’s stock in a transaction 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 sale, the director owned 6,145 shares of the company’s stock, valued at $2,333,010.70. This trade represents a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by corporate insiders.

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.