Moog (NYSE:MOG.A) Sets New 52-Week High – Here’s What Happened

Moog Inc. (NYSE:MOG.A) hit a new 52-week high on Monday . The company traded as high as $409.06 and last traded at $398.3450, with a volume of 222215 shares trading hands. The stock had previously closed at $395.10.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MOG.A shares. Truist Financial upgraded shares of Moog to a “strong-buy” rating in a research report on Friday, May 1st. TD Cowen upped their price target 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus target price of $450.00.

Moog Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $326.81 and a 200-day moving average of $300.67. The stock has a market cap of $12.63 billion, a PE ratio of 44.84 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 EPS 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 during the quarter. During the same period in the prior year, the company earned $1.92 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts forecast that Moog Inc. will post 10.61 EPS for the current year.

Insider Buying and Selling at Moog

In related news, Director John Scannell sold 3,000 shares of Moog 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 in the company, valued at $12,529,873.20. This trade represents a 8.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Janet M. Coletti sold 604 shares of the company’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 transaction, the director owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. The trade was a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is owned by company 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.