Moog (NYSE:MOG.A) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Moog Inc. (NYSE:MOG.A) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $329.44 and traded as high as $399.30. Moog shares last traded at $392.5650, with a volume of 320,552 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial raised shares of Moog to a “strong-buy” rating in a research note on Friday, May 1st. TD Cowen raised their price objective on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One 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 has a consensus rating of “Strong Buy” and an average price target of $450.00.

Moog Price Performance

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 stock has a market capitalization of $12.44 billion, a P/E ratio of 44.16 and a beta of 0.96. The firm has a 50-day moving average price of $376.52 and a 200 day moving average price of $329.44.

Moog (NYSE:MOG.A) last announced its quarterly earnings data on Friday, April 24th. The aerospace company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.28. The company had revenue of $1.05 billion for the quarter. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 earnings per share. On average, analysts expect that Moog Inc. will post 10.61 EPS for the current year.

Insider Buying and Selling

In other Moog news, Director John Scannell sold 3,000 shares of Moog stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the transaction, the director directly owned 33,540 shares of the company’s stock, valued at approximately $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Janet M. Coletti sold 604 shares of the business’s 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 owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. The trade was a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.46% of the stock is owned by company insiders.

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.