Moog (NYSE:MOG.A) Hits New 52-Week High – Here’s Why

Moog Inc. (NYSE:MOG.A)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $430.52 and last traded at $423.9030, with a volume of 358337 shares changing hands. The stock had previously closed at $425.85.

Analyst Ratings Changes

Several equities research analysts have weighed in on MOG.A shares. Truist Financial raised shares of Moog to a “strong-buy” rating in a research report on Friday, May 1st. TD Cowen boosted their price objective on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of $450.00.

Moog Trading Down 0.5%

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12. The stock’s 50 day moving average is $351.50 and its 200-day moving average is $315.60. The company has a market capitalization of $13.43 billion, a P/E ratio of 47.68 and a beta of 0.98.

Moog (NYSE:MOG.A) last posted 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. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business had revenue of $1.05 billion for the quarter. During the same period in the previous year, the firm posted $1.92 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Moog Inc. will post 10.61 earnings per share for the current year.

Insider Activity at Moog

In other Moog news, Director Janet M. Coletti sold 604 shares of the firm’s stock in a transaction 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 transaction, the director owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Scannell sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total value of $1,120,740.00. Following the transaction, the director directly owned 33,540 shares of the company’s stock, valued at $12,529,873.20. This represents a 8.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.