Moog (NYSE:MOG.A) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Moog Inc. (NYSE:MOG.A) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $364.35 and traded as high as $383.56. Moog shares last traded at $376.3130, with a volume of 231,166 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MOG.A shares. TD Cowen upped their target price on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Guggenheim began coverage on Moog in a report on Tuesday, September 15th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. assumed coverage on Moog in a report on Monday, July 20th. They issued an “overweight” rating and a $520.00 price target for the company. Wall Street Zen downgraded Moog from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 19th. Finally, Truist Financial increased their price objective on Moog from $344.00 to $417.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Moog currently has an average rating of “Moderate Buy” and a consensus price target of $462.33.

Moog Price Performance

The company has a fifty day simple moving average of $387.06 and a two-hundred day simple moving average of $364.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.34 and a current ratio of 2.09. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 30.91 and a beta of 0.96.

Moog (NYSE:MOG.A) last issued its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $1.06. The company had revenue of $1.12 billion for the quarter. Moog had a return on equity of 17.67% and a net margin of 8.73%.The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.37 EPS. As a group, research analysts anticipate that Moog Inc. will post 11.68 earnings per share for the current year.

Institutional Trading of Moog

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Globeflex Capital L P purchased a new position in shares of Moog during the 2nd quarter worth about $2,386,000. Ancora Advisors LLC purchased a new stake in Moog in the second quarter valued at approximately $1,323,000. Public Employees Retirement System of Ohio purchased a new stake in Moog in the second quarter valued at approximately $426,000. Finally, Archer Investment Corp acquired a new position in Moog during the second quarter worth approximately $342,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

About Moog

Moog Inc is a global designer and manufacturer of precision motion-control systems and components. The company develops technologies that control the position, velocity and force of machinery and equipment, serving customers in aerospace, defense, space, industrial and medical markets.

Its products and services include aircraft flight-control systems, actuation systems, servovalves, motion-control electronics, satellite and launch-vehicle components, missile and defense systems, and precision equipment for industrial automation and medical applications.