Moog (NYSE:MOG.A) Reaches New 12-Month High – Here’s Why

Moog Inc. (NYSE:MOG.A)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $381.88 and last traded at $380.8550, with a volume of 12202 shares traded. The stock had previously closed at $372.26.

Wall Street Analyst Weigh In

MOG.A has been the topic of several recent analyst reports. TD Cowen raised their target price on shares of Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial upgraded shares of Moog to a “strong-buy” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $450.00.

Moog Price Performance

The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.15 billion, a P/E ratio of 43.13 and a beta of 0.98. The firm’s fifty day moving average price is $322.70 and its 200-day moving average price is $298.10.

Moog (NYSE:MOG.A) last issued its earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.28. Moog had a net margin of 6.83% and a return on equity of 16.11%. The firm had revenue of $1.05 billion for the quarter. During the same quarter in the prior year, the business posted $1.92 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts forecast that Moog Inc. will post 10.61 earnings per share for the current 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.