Insider Selling: Moog (NYSE:MOG.A) Director Sells $229,314.64 in Stock

Moog Inc. (NYSE:MOG.A) Director Janet Coletti sold 604 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total transaction of $229,314.64. Following the completion of the transaction, the director owned 6,145 shares of the company’s stock, valued at $2,333,010.70. This represents a 8.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Moog Stock Performance

NYSE MOG.A opened at $395.31 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12. Moog Inc. has a 1 year low of $171.11 and a 1 year high of $409.06. The company has a market capitalization of $12.52 billion, a PE ratio of 44.47 and a beta of 0.98. The company has a fifty day moving average of $326.81 and a two-hundred day moving average of $300.67.

Moog (NYSE:MOG.A) last released its quarterly earnings data 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 net margin of 6.83% and a return on equity of 16.11%. The company had revenue of $1.05 billion during the quarter. During the same quarter in the prior year, the company earned $1.92 EPS. The business’s revenue was up 12.6% on a year-over-year basis. As a group, analysts expect that Moog Inc. will post 10.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial raised shares of Moog to a “strong-buy” rating in a report on Friday, May 1st. TD Cowen upped their target price on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.