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

Moog Inc. (NYSE:MOG.A) hit a new 52-week high on Wednesday . The company traded as high as $430.52 and last traded at $423.9030, with a volume of 358337 shares changing hands. The stock had previously closed at $425.85.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TD Cowen lifted 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. Truist Financial raised Moog to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $450.00.

Moog Price Performance

The firm has a fifty day moving average of $351.50 and a 200 day moving average of $315.60. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $13.43 billion, a P/E ratio of 47.68 and a beta of 0.98.

Moog (NYSE:MOG.A) last posted its earnings results 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. The business had revenue of $1.05 billion for the quarter. Moog had a net margin of 6.83% and a return on equity of 16.11%. Moog’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. On average, equities research analysts anticipate that Moog Inc. will post 10.61 EPS for the current year.

Insider Activity at Moog

In related news, Director John Scannell sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total value of $1,120,740.00. Following the sale, the director owned 33,540 shares in the company, valued at approximately $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Janet M. Coletti sold 604 shares of Moog stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $379.66, for a total transaction of $229,314.64. Following the completion of the sale, the director directly owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. This trade represents a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is owned by insiders.

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.