Moog (NYSE:MOG.A) Shares Up 5.3% – Here’s Why

Shares of Moog Inc. (NYSE:MOG.A) shot up 5.3% during mid-day trading on Wednesday . The company traded as high as $320.47 and last traded at $313.80. 274,149 shares were traded during trading, a decline of 45% from the average session volume of 499,887 shares. The stock had previously closed at $298.06.

Moog Price Performance

The stock’s 50-day moving average is $316.43 and its 200-day moving average is $261.97. The firm has a market cap of $9.88 billion, a P/E ratio of 38.50 and a beta of 0.99. The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.51.

Moog (NYSE:MOG.A) last announced its earnings results on Friday, January 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.42. Moog had a net margin of 6.38% and a return on equity of 15.47%. The business had revenue of $1.10 billion for the quarter. During the same period last year, the firm posted $1.78 EPS. The company’s revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts anticipate that Moog Inc. will post 8.29 EPS for the current fiscal year.

Insider Activity

In related news, Director Brenda Reichelderfer sold 2,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $312.27, for a total value of $624,540.00. Following the completion of the sale, the director owned 2,585 shares in the company, valued at approximately $807,217.95. This trade represents a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul Wilkinson sold 992 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $329.80, for a total value of $327,161.60. Following the sale, the vice president owned 7,198 shares in the company, valued at approximately $2,373,900.40. This represents a 12.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is currently owned by company insiders.

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.