Moog (NYSE:MOG.A) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Moog (NYSE:MOG.A) in a research report sent to investors on Monday, MarketBeat reports. The brokerage issued an overweight rating and a $520.00 price objective on the aerospace company’s stock.

MOG.A has been the subject of a number of other research reports. Truist Financial upgraded Moog to a “strong-buy” rating in a research report on Friday, May 1st. TD Cowen increased their price target 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 two have issued a Buy rating to the company. According to MarketBeat, Moog currently has an average rating of “Buy” and an average target price of $485.00.

Moog Trading Down 0.6%

NYSE MOG.A opened at $402.99 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $382.03 and its two-hundred day simple moving average is $333.31. Moog has a twelve month low of $176.27 and a twelve month high of $430.52. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 45.33 and a beta of 0.96.

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

Insider Activity

In other news, Director Janet M. Coletti sold 604 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $379.66, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Scannell sold 3,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $12,529,873.20. This represents a 8.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by 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.