Moog (NYSE:MOG.A) Coverage Initiated at Guggenheim

Key Points

• Guggenheim initiated coverage of Moog with a “neutral” rating, while other analysts remain broadly bullish. The stock has three Buy ratings and one Hold rating, with an average price target of $462.33.
• Moog reported strong quarterly results, earning $3.72 per share versus the $2.66 consensus estimate, while revenue rose 15.2% year over year to $1.12 billion.
• Moog shares opened at $362.73, down 1.2%, below their 50-day moving average but above the 200-day average. Institutional investors own approximately 87.95% of the company’s stock.

Investment analysts at Guggenheim assumed coverage on shares of Moog (NYSE:MOG.A - Get Free Report) in a note issued to investors on Tuesday, Benzinga reports. The firm set a "neutral" rating on the aerospace company's stock.

A number of other equities research analysts also recently issued reports on the stock. Truist Financial boosted their price objective 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. TD Cowen boosted their price target on Moog from $350.00 to $450.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Moog in a research report on Monday, July 20th. They set an "overweight" rating and a $520.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $462.33.

Moog Trading Down 1.2%

NYSE:MOG.A opened at $362.73 on Tuesday. The company's 50 day moving average price is $396.03 and its 200-day moving average price is $358.29. Moog has a 52 week low of $192.33 and a 52 week high of $448.85. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41. The stock has a market cap of $11.49 billion, a price-to-earnings ratio of 30.84 and a beta of 0.97.

Moog (NYSE:MOG.A - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, topping the consensus estimate of $2.66 by $1.06. The company had revenue of $1.12 billion during the quarter. Moog had a return on equity of 17.67% and a net margin of 8.73%.Moog's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.37 earnings per share. On average, equities research analysts forecast that Moog will post 11.68 earnings per share for the current fiscal year.

Institutional Trading of Moog

Hedge funds have recently bought and sold shares of the stock. Archer Investment Corp purchased a new position in Moog in the 2nd quarter worth $342,000. Public Employees Retirement System of Ohio acquired a new stake in Moog during the 2nd quarter valued at approximately $426,000. Ancora Advisors LLC acquired a new stake in Moog during the 2nd quarter valued at approximately $1,323,000. Finally, Globeflex Capital L P purchased a new stake in shares of Moog in the 2nd quarter valued at $2,386,000. Hedge funds and other institutional investors own 87.95% of the company's stock.

Moog Company Profile

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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