Moog (NYSE:MOG.A) Director John Scannell Sells 3,000 Shares

Moog Inc. (NYSE:MOG.A) Director John Scannell sold 3,000 shares of the business’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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Moog Trading Up 5.9%

Shares of MOG.A traded up $22.68 during mid-day trading on Thursday, hitting $404.81. 266,610 shares of the company’s stock traded hands, compared to its average volume of 295,730. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. Moog Inc. has a 1 year low of $171.11 and a 1 year high of $405.87. The firm has a market capitalization of $12.82 billion, a P/E ratio of 45.54 and a beta of 0.98. The business’s 50-day moving average price is $322.70 and its 200-day moving average price is $298.10.

Moog (NYSE:MOG.A) last posted its earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share (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 for the quarter. During the same period last year, the firm posted $1.92 earnings per share. Moog’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts forecast that Moog Inc. will post 10.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen lifted their price target on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday. 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 assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of $450.00.

About Moog

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.