Globeflex Capital L P Takes Position in Moog Inc. $MOG.A

Globeflex Capital L P acquired a new position in Moog Inc. (NYSE:MOG.A) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,629 shares of the aerospace company’s stock, valued at approximately $2,386,000.

Insider Buying and Selling at Moog

In related news, Director John Scannell sold 3,000 shares of Moog stock in a transaction 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 approximately $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Janet M. Coletti sold 604 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $2,333,010.70. The trade was a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. TD Cowen lifted their target price on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. started coverage on Moog in a research note on Monday, July 20th. They set an “overweight” rating and a $520.00 price target on the stock. Finally, Truist Financial raised their price target on Moog from $344.00 to $417.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $462.33.

Moog Stock Down 0.0%

Shares of MOG.A opened at $388.98 on Monday. The company’s 50-day simple moving average is $409.27 and its 200-day simple moving average is $353.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.34 and a current ratio of 2.09. Moog Inc. has a 1 year low of $190.90 and a 1 year high of $448.85. The stock has a market capitalization of $12.32 billion, a PE ratio of 33.08 and a beta of 0.98.

Moog (NYSE:MOG.A) last announced its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $1.06. The firm had revenue of $1.12 billion during the quarter. Moog had a net margin of 8.73% and a return on equity of 17.67%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.37 EPS. Analysts forecast that Moog Inc. will post 11.68 earnings per share for the current fiscal year.

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.