Moog (NYSE:MOG.A) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Moog Inc. (NYSE:MOG.A) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $329.44 and traded as high as $399.30. Moog shares last traded at $392.5650, with a volume of 320,552 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Truist Financial upgraded Moog to a “strong-buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $450.00.

Moog Stock Up 2.6%

The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.44 billion, a PE ratio of 44.16 and a beta of 0.96. The stock has a fifty day simple moving average of $376.52 and a two-hundred day simple moving average of $329.44.

Moog (NYSE:MOG.A) last announced its quarterly earnings results 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. Moog had a return on equity of 16.11% and a net margin of 6.83%.The firm had revenue of $1.05 billion for the quarter. During the same quarter in the prior year, the company earned $1.92 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts expect that Moog Inc. will post 10.61 EPS for the current fiscal year.

Insider Activity at Moog

In related news, Director John Scannell sold 3,000 shares of the company’s 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 sale, the director owned 33,540 shares of the company’s stock, valued at approximately $12,529,873.20. This represents a 8.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Janet M. Coletti sold 604 shares of the 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 sale, the director owned 6,145 shares in the company, valued at $2,333,010.70. This 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 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.