Moog (NYSE:MOG.A) Sets New 12-Month High – Still a Buy?

Moog Inc. (NYSE:MOG.A) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $423.37 and last traded at $419.8620, with a volume of 106623 shares traded. The stock had previously closed at $404.90.

Wall Street Analyst Weigh In

MOG.A has been the subject of a number of analyst reports. TD Cowen raised their price target on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Truist Financial raised 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. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of $450.00.

Moog Stock Up 3.8%

The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 47.19 and a beta of 0.98. The firm’s 50 day moving average price is $342.98 and its two-hundred day moving average price is $310.37. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

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, beating 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 business had revenue of $1.05 billion during the quarter. During the same quarter last year, the business posted $1.92 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Sell-side analysts anticipate that Moog Inc. will post 10.61 earnings per share for the current fiscal year.

Insider Activity at Moog

In related news, Director Janet M. Coletti sold 604 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $379.66, for a total transaction of $229,314.64. Following the transaction, the director directly owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. The trade was a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Scannell sold 3,000 shares of the 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 sale, the director owned 33,540 shares in the company, valued at approximately $12,529,873.20. This trade represents a 8.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is owned by corporate 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.