Moog (NYSE:MOG.A) Reaches New 12-Month High – Here’s What Happened

Moog Inc. (NYSE:MOG.A) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $358.01 and last traded at $357.8910, with a volume of 48708 shares changing hands. The stock had previously closed at $343.18.

Analyst Upgrades and Downgrades

Separately, Truist Financial upgraded Moog to a “strong-buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Moog Stock Up 0.6%

The stock has a 50-day moving average of $310.04 and a two-hundred day moving average of $287.61. The company has a market cap of $11.38 billion, a P/E ratio of 40.39 and a beta of 0.93. 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 released its 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 company 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%.The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 EPS. On average, research analysts anticipate that Moog Inc. will post 10.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Moog news, Director Brenda Reichelderfer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $312.27, for a total value of $624,540.00. Following the completion of the sale, the director owned 2,585 shares in the company, valued at approximately $807,217.95. The trade was a 43.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.46% of the stock is 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.