Moog (NYSE:MOG.A) Hits New 52-Week High – Here’s Why

Moog Inc. (NYSE:MOG.A)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $430.66 and last traded at $429.97, with a volume of 197995 shares changing hands. The stock had previously closed at $416.98.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. assumed 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. TD Cowen raised their price objective on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Truist Financial raised their price objective on shares of Moog from $344.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $462.33.

Moog Stock Performance

The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 37.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34. The firm has a 50 day moving average price of $405.39 and a 200-day moving average price of $348.29.

Moog (NYSE:MOG.A) last released its earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $2.66 by $1.06. Moog had a return on equity of 17.67% and a net margin of 8.73%.The firm had revenue of $1.12 billion during the quarter. During the same period in the previous year, the firm earned $2.37 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that Moog Inc. will post 11.68 earnings per share for the current fiscal year.

Insider Transactions at Moog

In related news, Director John Scannell sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the sale, the director directly owned 33,540 shares in the company, valued at approximately $12,529,873.20. This represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet M. Coletti sold 604 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total transaction of $229,314.64. Following the completion of the sale, the director directly owned 6,145 shares in the company, valued at approximately $2,333,010.70. This trade represents a 8.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.46% of the company’s stock.

Hedge Funds Weigh In On Moog

A hedge fund recently bought a new position in Moog stock. Globeflex Capital L P purchased a new position in shares of Moog Inc. (NYSE:MOG.A) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,629 shares of the aerospace company’s stock, valued at approximately $2,386,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

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.