Guggenheim Initiates Coverage on Moog (NYSE:MOG.A)

Analysts at Guggenheim initiated coverage on shares of Moog (NYSE:MOG.A) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage set a “neutral” rating on the aerospace company’s stock.

Several other equities research analysts have also recently issued reports on the company. Truist Financial raised their target price on Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. initiated coverage on Moog in a research report on Monday, July 20th. They issued an “overweight” rating and a $520.00 target price for the company. Finally, TD Cowen raised 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. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $462.33.

Moog Trading Down 1.2%

Shares of MOG.A stock opened at $362.73 on Tuesday. The stock has a 50 day simple moving average of $396.03 and a 200-day simple moving average of $358.29. Moog has a 1-year low of $192.33 and a 1-year high of $448.85. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 30.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34.

Moog (NYSE:MOG.A) last issued its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $1.06. Moog had a net margin of 8.73% and a return on equity of 17.67%. The firm had revenue of $1.12 billion for the quarter. During the same period in the prior year, the business posted $2.37 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts expect that Moog will post 11.68 EPS for the current fiscal year.

Institutional Trading of Moog

Hedge funds and other institutional investors have recently made changes to their positions in the company. Globeflex Capital L P acquired a new position in Moog during the second quarter worth $2,386,000. Ancora Advisors LLC purchased a new stake in shares of Moog during the 2nd quarter worth approximately $1,323,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Moog during the 2nd quarter worth approximately $426,000. Finally, Archer Investment Corp acquired a new stake in shares of Moog in the 2nd quarter worth approximately $342,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Moog Company Profile

Moog Inc is an aerospace and defense company that designs and manufactures precision motion-control systems and related components. Its products help control the movement of aircraft, spacecraft, missiles, naval platforms, and industrial equipment, serving customers that require highly reliable actuation and control technologies.

The company’s offerings include flight-control actuation systems, aircraft control components, spacecraft mechanisms and propulsion systems, missile guidance and steering equipment, and naval and defense systems.