Moog Inc. (NYSE:MOG.A – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $381.88 and last traded at $380.8550, with a volume of 12202 shares trading hands. The stock had previously closed at $372.26.
Wall Street Analysts Forecast Growth
Separately, Truist Financial raised shares of Moog to a “strong-buy” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.
View Our Latest Research Report on MOG.A
Moog Stock Up 0.6%
Moog (NYSE:MOG.A – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.36 by $0.28. Moog had a net margin of 6.83% and a return on equity of 16.11%. The firm had revenue of $1.05 billion during the quarter. During the same period in the previous year, the company earned $1.92 EPS. Moog’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts forecast that Moog Inc. will post 10.61 EPS for the current fiscal year.
Insider Activity at Moog
In other news, Director Brenda Reichelderfer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $312.27, for a total transaction of $624,540.00. Following the completion of the sale, the director owned 2,585 shares of the company’s stock, valued at $807,217.95. This represents a 43.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is owned by insiders.
About Moog
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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