Moog Inc. (NYSE:MOG.A – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $358.03 and traded as high as $372.70. Moog shares last traded at $366.55, with a volume of 112,952 shares.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on MOG.A shares. 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 research report on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on shares of Moog in a research note on Monday, July 20th. They set an “overweight” rating and a $520.00 price target on the stock. Finally, TD Cowen boosted their price objective on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $462.33.
Get Our Latest Stock Analysis on MOG.A
Moog Trading Down 0.0%
Moog (NYSE:MOG.A – Get Free Report) last released its earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $1.06. Moog had a net margin of 8.73% and a return on equity of 17.67%. The company had revenue of $1.12 billion for the quarter. During the same quarter in the previous year, the business posted $2.37 EPS. Moog’s revenue was up 15.2% on a year-over-year basis. On average, research analysts predict that Moog Inc. will post 11.68 EPS for the current year.
Institutional Trading of Moog
Several institutional investors and hedge funds have recently modified their holdings of MOG.A. Globeflex Capital L P bought a new position in Moog in the 2nd quarter worth $2,386,000. Ancora Advisors LLC bought a new stake in Moog during the second quarter valued at about $1,323,000. Public Employees Retirement System of Ohio purchased a new position in shares of Moog in the second quarter valued at about $426,000. Finally, Archer Investment Corp purchased a new position in shares of Moog in the second quarter valued at about $342,000. 87.95% of the stock is currently owned by institutional investors.
About Moog
Moog Inc is an aerospace and defense company that designs and manufactures precision motion-control systems and related components. Its products help control the movement of aircraft, spacecraft, missiles, naval platforms, and industrial equipment, serving customers that require highly reliable actuation and control technologies.
The company’s offerings include flight-control actuation systems, aircraft control components, spacecraft mechanisms and propulsion systems, missile guidance and steering equipment, and naval and defense systems.
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