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

Moog Inc. (NYSE:MOG.A)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $361.06 and traded as high as $396.29. Moog shares last traded at $389.7660, with a volume of 394,787 shares traded.

Analyst Upgrades and Downgrades

MOG.A has been the subject of several research reports. TD Cowen upped 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. Wall Street Zen cut Moog from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. JPMorgan Chase & Co. began coverage on Moog in a research report on Monday, July 20th. They issued an “overweight” rating and a $520.00 price target for the company. Truist Financial increased their price target on Moog from $344.00 to $417.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Guggenheim assumed coverage on Moog in a research report on Tuesday, September 15th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.33.

Moog Stock Performance

The firm has a 50 day moving average of $390.25 and a two-hundred day moving average of $361.58. The stock has a market cap of $12.18 billion, a P/E ratio of 32.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.34 and a current ratio of 2.09.

Moog (NYSE:MOG.A) last posted its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $1.06. The company had revenue of $1.12 billion during the quarter. Moog had a return on equity of 17.67% and a net margin of 8.73%.The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 earnings per share. On average, research analysts predict that Moog Inc. will post 11.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Moog

Several large investors have recently bought and sold shares of MOG.A. Archer Investment Corp acquired a new position in shares of Moog during the second quarter worth $342,000. Public Employees Retirement System of Ohio purchased a new position in shares of Moog in the 2nd quarter worth approximately $426,000. Ancora Advisors LLC bought a new position in shares of Moog in the second quarter valued at approximately $1,323,000. Finally, Globeflex Capital L P purchased a new stake in shares of Moog during the second quarter valued at approximately $2,386,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Moog Company Profile

Moog Inc is a global designer and manufacturer of precision motion-control systems and components. The company develops technologies that control the position, velocity and force of machinery and equipment, serving customers in aerospace, defense, space, industrial and medical markets.

Its products and services include aircraft flight-control systems, actuation systems, servovalves, motion-control electronics, satellite and launch-vehicle components, missile and defense systems, and precision equipment for industrial automation and medical applications.