Wall Street Zen downgraded shares of Moog (NYSE:MOG.A – Free Report) from a strong-buy rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.
MOG.A has been the topic of a number of other research reports. 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. 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. TD Cowen lifted their price target on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Guggenheim assumed coverage on Moog in a research note on Tuesday, September 15th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $462.33.
Read Our Latest Report on MOG.A
Moog Price Performance
Moog (NYSE:MOG.A – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (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% on a year-over-year basis. During the same period last year, the firm earned $2.37 EPS. Equities analysts forecast that Moog will post 11.68 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Globeflex Capital L P purchased a new stake in Moog in the second quarter valued at approximately $2,386,000. Ancora Advisors LLC bought a new stake in Moog during the second quarter valued at approximately $1,323,000. Public Employees Retirement System of Ohio purchased a new position in Moog in the 2nd quarter worth approximately $426,000. Finally, Archer Investment Corp bought a new position in shares of Moog in the 2nd quarter worth $342,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.
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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