Moog (NYSE:MOG.A) Director John Scannell Sells 3,000 Shares

Moog Inc. (NYSE:MOG.AGet Free Report) Director John Scannell sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the completion of the transaction, the director directly owned 33,540 shares of the company’s stock, valued at approximately $12,529,873.20. This trade represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Moog Stock Up 5.9%

MOG.A opened at $404.81 on Friday. The company has a 50 day moving average of $324.94 and a 200 day moving average of $299.44. The company has a market cap of $12.83 billion, a PE ratio of 45.54 and a beta of 0.98. Moog Inc. has a 12 month low of $171.11 and a 12 month high of $405.87. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Moog (NYSE:MOG.AGet Free Report) last announced 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 business earned $1.92 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts expect that Moog Inc. will post 10.61 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on MOG.A. Truist Financial raised shares of Moog to a “strong-buy” rating in a report on Friday, May 1st. TD Cowen raised their price target on shares of Moog from $350.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $450.00.

Read Our Latest Stock Analysis on MOG.A

Moog Company Profile

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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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