Moog (NYSE:MOG.A) Sets New 52-Week High – Time to Buy?

Moog Inc. (NYSE:MOG.A)’s stock price reached a new 52-week high on Monday . The company traded as high as $409.06 and last traded at $398.3450, with a volume of 222215 shares trading hands. The stock had previously closed at $395.10.

Analyst Upgrades and Downgrades

MOG.A has been the subject of a number of analyst reports. Truist Financial upgraded shares of Moog to a “strong-buy” rating in a research note on Friday, May 1st. 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. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average target price of $450.00.

Moog Price Performance

The business’s 50 day moving average price is $331.23 and its 200 day moving average price is $303.08. The stock has a market capitalization of $12.72 billion, a P/E ratio of 45.18 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12.

Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. During the same quarter in the prior year, the firm earned $1.92 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. Sell-side analysts forecast that Moog Inc. will post 10.61 EPS for the current year.

Insider Buying and Selling

In related news, Director John Scannell sold 3,000 shares of the business’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 completion of the sale, the director directly owned 33,540 shares in the company, valued at approximately $12,529,873.20. The trade was a 8.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet M. Coletti sold 604 shares of the business’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 sale, the director owned 6,145 shares of the company’s stock, valued at $2,333,010.70. This trade represents 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.

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.