Moog (NYSE:MOG.A) Director John Scannell Sells 3,000 Shares

Moog Inc. (NYSE:MOG.A) Director John Scannell sold 3,000 shares of Moog stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $373.58, for a total value of $1,120,740.00. Following the completion of the transaction, the director directly owned 33,540 shares in the company, valued at $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Moog Trading Up 5.9%

Moog stock traded up $22.68 during trading hours on Thursday, reaching $404.81. The company had a trading volume of 266,610 shares, compared to its average volume of 295,730. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12. The company has a 50-day moving average price of $322.70 and a 200 day moving average price of $298.10. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 45.54 and a beta of 0.98. Moog Inc. has a 12-month low of $171.11 and a 12-month high of $405.87.

Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates 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%.Moog’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share. Equities analysts forecast that Moog Inc. will post 10.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. TD Cowen lifted their price target on Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial raised Moog to a “strong-buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Moog has a consensus rating of “Strong Buy” and a consensus price target of $450.00.

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.