Moog (NYSE:MOG.A) Shares Up 4.8% – Time to Buy?

Moog Inc. (NYSE:MOG.A)’s stock price was up 4.8% on Friday. The stock traded as high as $383.39 and last traded at $382.7790. 49,243 shares traded hands during trading, a decline of 83% from the average session volume of 293,067 shares. The stock had previously closed at $365.14.

Wall Street Analyst Weigh In

Several brokerages recently commented on MOG.A. Wall Street Zen raised Moog from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Guggenheim began coverage on shares of Moog in a research report on Tuesday, September 15th. They set a “neutral” rating on the stock. TD Cowen dropped their price target on shares of Moog from $450.00 to $440.00 and set a “buy” rating for the company in a research report on Friday, October 9th. JPMorgan Chase & Co. cut their price target on shares of Moog from $520.00 to $480.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Truist Financial lifted their price objective on Moog from $344.00 to $417.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $446.25.

Moog Trading Up 2.5%

The stock has a market capitalization of $11.86 billion, a P/E ratio of 31.82 and a beta of 0.96. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $382.57 and a two-hundred day simple moving average of $367.77.

Moog (NYSE:MOG.A) last released its earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $1.06. The firm 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%. Moog’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $2.37 EPS. On average, sell-side analysts expect that Moog Inc. will post 11.68 earnings per share for the current year.

Institutional Trading of Moog

A number of hedge funds have recently made changes to their positions in MOG.A. Archer Investment Corp acquired a new stake in Moog during the 2nd quarter valued at $342,000. Public Employees Retirement System of Ohio bought a new stake in shares of Moog during the second quarter worth approximately $426,000. Ancora Advisors LLC bought a new stake in shares of Moog during the second quarter worth approximately $1,323,000. Finally, Globeflex Capital L P acquired a new position in shares of Moog in the second quarter valued at approximately $2,386,000. 87.95% of the stock is 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.