Moog (NYSE:MOG.A) Reaches New 52-Week High – Here’s Why

Moog Inc. (NYSE:MOG.A)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $381.88 and last traded at $380.8550, with a volume of 12202 shares traded. The stock had previously closed at $372.26.

Wall Street Analyst Weigh In

Separately, Truist Financial upgraded shares of Moog to a “strong-buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Moog Trading Up 0.6%

The stock has a 50-day simple moving average of $318.77 and a two-hundred day simple moving average of $295.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.68. The firm has a market cap of $11.86 billion, a PE ratio of 42.14 and a beta of 0.98.

Moog (NYSE:MOG.A) last issued its earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.28. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business had revenue of $1.05 billion during the quarter. During the same period last year, the firm posted $1.92 EPS. Moog’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Moog Inc. will post 10.61 EPS for the current year.

Insiders Place Their Bets

In other Moog news, Director Brenda Reichelderfer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $312.27, for a total value of $624,540.00. Following the completion of the transaction, the director owned 2,585 shares of the company’s stock, valued at approximately $807,217.95. The trade was a 43.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.46% of the company’s stock.

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.