Moog (NYSE:MOG.A) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Moog Inc. (NYSE:MOG.A)’s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $353.42 and traded as high as $365.02. Moog shares last traded at $356.33, with a volume of 244,138 shares traded.

Analyst Ratings Changes

MOG.A has been the topic of a number of recent research reports. TD Cowen reduced their price objective on shares of Moog from $450.00 to $440.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Morgan Stanley assumed coverage on shares of Moog in a report on Friday, October 16th. They issued an “overweight” rating and a $448.00 price objective for the company. Wall Street Zen raised shares of Moog from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Guggenheim initiated coverage on shares of Moog in a research note on Tuesday, September 15th. They set a “neutral” rating for the company. Finally, Truist Financial upped their price target on Moog from $344.00 to $417.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Moog presently has a consensus rating of “Moderate Buy” and an average target price of $446.25.

Moog Stock Performance

The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41. The business has a 50 day simple moving average of $367.61 and a two-hundred day simple moving average of $353.96. The firm has a market cap of $10.32 billion, a PE ratio of 31.29 and a beta of 1.03.

Institutional Trading of Moog

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

Moog Company Profile

Moog Inc is a technology and manufacturing company that designs and produces precision motion-control systems and components. Its products are used to control the position, movement and operation of machinery in demanding aerospace, defense and industrial applications.

The company serves the commercial aircraft, military aircraft, space and launch, missile, naval and ground-defense markets. Its offerings include aircraft flight-control systems, actuation systems, control electronics, precision-guided weapon components, satellite and spacecraft mechanisms, and systems used in launch vehicles.