Moog (NYSE:MOG.A) Reaches New 12-Month High – Time to Buy?

Moog Inc. (NYSE:MOG.A)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $409.06 and last traded at $398.3450, with a volume of 222215 shares traded. The stock had previously closed at $395.10.

Analysts Set New Price Targets

MOG.A has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Truist Financial upgraded shares of 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 and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of $450.00.

Moog Trading Up 0.9%

The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.63 billion, a PE ratio of 44.84 and a beta of 0.98. The business has a fifty day moving average price of $326.81 and a 200 day moving average price of $300.67.

Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share (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 firm had revenue of $1.05 billion during the quarter. During the same period last year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts forecast that Moog Inc. will post 10.61 EPS for the current year.

Insiders Place Their Bets

In other Moog news, Director John Scannell sold 3,000 shares of the company’s 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 transaction, the director owned 33,540 shares in the company, valued at $12,529,873.20. This represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Janet M. Coletti sold 604 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $379.66, for a total value of $229,314.64. Following the transaction, the director directly owned 6,145 shares in the company, valued at approximately $2,333,010.70. The trade was a 8.95% decrease in their position. The SEC filing for this sale provides additional information. 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.