Moog (NYSE:MOG.A) Shares Pass Above 200-Day Moving Average – Should You Sell?

Moog Inc. (NYSE:MOG.A) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $346.34 and traded as high as $419.80. Moog shares last traded at $415.81, with a volume of 298,565 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Cowen upped their price target on Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. assumed coverage on Moog in a research report on Monday, July 20th. They set an “overweight” rating and a $520.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of Moog from $344.00 to $417.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $462.33.

Moog Trading Down 0.5%

The stock has a market cap of $13.51 billion, a PE ratio of 36.27 and a beta of 0.98. The firm has a 50-day moving average price of $404.29 and a 200-day moving average price of $347.34. 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 (NYSE:MOG.A) last announced its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, beating the consensus estimate of $2.66 by $1.06. The company had revenue of $1.12 billion for the quarter. Moog had a net margin of 8.73% and a return on equity of 17.67%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $2.37 earnings per share. As a group, equities analysts anticipate that Moog Inc. will post 11.68 EPS for the current fiscal 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 value of $1,120,740.00. Following the completion of the transaction, the director directly owned 33,540 shares in the company, valued at $12,529,873.20. The trade was a 8.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janet M. Coletti sold 604 shares of the company’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 value of $229,314.64. Following the completion of the transaction, the director directly owned 6,145 shares in the company, 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. Corporate insiders own 1.46% of the company’s stock.

Institutional Trading of Moog

An institutional investor recently bought a new position in Moog stock. Globeflex Capital L P purchased a new stake in shares of Moog Inc. (NYSE:MOG.A) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,629 shares of the aerospace company’s stock, valued at approximately $2,386,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.