Moog (NYSE:MOG.A) Upgraded by Truist Financial to Strong-Buy Rating

Truist Financial upgraded shares of Moog (NYSE:MOG.A) to a strong-buy rating in a report published on Friday morning,Zacks.com reports.

Moog Price Performance

Shares of MOG.A traded down $0.79 during mid-day trading on Friday, reaching $300.52. The stock had a trading volume of 207,470 shares, compared to its average volume of 248,883. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 33.80 and a beta of 0.93. Moog has a 12 month low of $171.11 and a 12 month high of $354.20. The business has a fifty day moving average of $312.34 and a 200 day moving average of $271.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.68.

Moog (NYSE:MOG.A) last posted its quarterly 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. The business had revenue of $1.05 billion during the quarter. Moog had a net margin of 6.83% and a return on equity of 16.11%. The business’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 earned $1.92 earnings per share. Equities analysts predict that Moog will post 10.61 EPS for the current year.

Insider Buying and Selling at Moog

In other news, VP Paul Wilkinson sold 992 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $329.80, for a total value of $327,161.60. Following the transaction, the vice president owned 7,198 shares of the company’s stock, valued at approximately $2,373,900.40. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brenda Reichelderfer sold 2,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $312.27, for a total transaction of $624,540.00. Following the completion of the transaction, the director directly owned 2,585 shares in the company, valued at $807,217.95. This trade represents a 43.62% decrease in their position. 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.