Moog (NYSE:MOG.A) Shares Up 8.8% After Earnings Beat

Moog Inc. (NYSE:MOG.A) shares traded up 8.8% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $331.44 and last traded at $332.8860. 170,984 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 296,308 shares. The stock had previously closed at $306.00.

The aerospace company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.28. The company had revenue of $1.05 billion during the quarter. Moog had a net margin of 6.38% and a return on equity of 15.47%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS.

Insider Activity at Moog

In other news, VP Paul Wilkinson sold 992 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $329.80, for a total value of $327,161.60. Following the completion of the transaction, the vice president owned 7,198 shares in the company, valued at $2,373,900.40. This represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brenda Reichelderfer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $312.27, for a total transaction of $624,540.00. Following the completion of the transaction, the director owned 2,585 shares of the company’s stock, valued at $807,217.95. This trade represents a 43.62% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is owned by corporate insiders.

Moog Price Performance

The company’s fifty day moving average price is $314.50 and its two-hundred day moving average price is $268.64. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 41.14 and a beta of 0.99. The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.51.

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.