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

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

Analysts Set New Price Targets

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

Moog Price Performance

The firm has a fifty day simple moving average of $308.03 and a 200 day simple moving average of $286.01. The company has a market capitalization of $11.34 billion, a PE ratio of 40.25 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 announced its earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.28. The business had revenue of $1.05 billion for the quarter. Moog had a return on equity of 16.11% and a net margin of 6.83%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. Equities analysts anticipate that Moog Inc. will post 10.61 EPS for the current year.

Insider Transactions at Moog

In other Moog news, Director Brenda Reichelderfer sold 2,000 shares of the 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 sale, the director owned 2,585 shares of the company’s stock, valued at approximately $807,217.95. This trade represents a 43.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.46% of the company’s stock.

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.