Insider Selling: Moog (NYSE:MOG.A) Director Sells $1,120,740.00 in Stock

Moog Inc. (NYSE:MOG.A) Director John Scannell sold 3,000 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 33,540 shares of the company’s stock, valued at $12,529,873.20. The trade was a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Moog Trading Down 2.5%

NYSE MOG.A opened at $395.31 on Friday. The firm has a market capitalization of $12.52 billion, a P/E ratio of 44.47 and a beta of 0.98. The business has a fifty day simple moving average of $326.81 and a 200 day simple moving average of $300.11. Moog Inc. has a 12 month low of $171.11 and a 12 month high of $409.06. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MOG.A shares. TD Cowen raised their target price on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial raised Moog to a “strong-buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Moog presently has an average rating of “Strong Buy” and an average price target of $450.00.

About Moog

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.