Moog Inc. (NYSE:MOG.A – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $423.37 and last traded at $419.8620, with a volume of 106623 shares. The stock had previously closed at $404.90.
Analyst Ratings Changes
Several research firms have weighed in on MOG.A. Truist Financial upgraded Moog to a “strong-buy” rating in a report on Friday, May 1st. TD Cowen raised their price target on Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, Moog has an average rating of “Strong Buy” and a consensus price target of $450.00.
Check Out Our Latest Report on Moog
Moog Stock Performance
Moog (NYSE:MOG.A – Get Free Report) last released its quarterly 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. The firm had revenue of $1.05 billion for the quarter. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Analysts expect that Moog Inc. will post 10.61 earnings per share for the current fiscal year.
Insider Activity at Moog
In other news, Director Janet M. Coletti sold 604 shares of the firm’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 completion of the transaction, the director directly owned 6,145 shares of the company’s stock, valued at $2,333,010.70. This trade represents a 8.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Scannell sold 3,000 shares of Moog 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 owned 33,540 shares in the company, valued at $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.
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