Ancora Advisors LLC purchased a new position in shares of Moog Inc. (NYSE:MOG.A - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,122 shares of the aerospace company's stock, valued at approximately $1,323,000.
Several other institutional investors and hedge funds have also made changes to their positions in MOG.A. Globeflex Capital L P purchased a new position in Moog in the 2nd quarter worth $2,386,000. Public Employees Retirement System of Ohio acquired a new position in Moog in the 2nd quarter worth approximately $426,000. Finally, Archer Investment Corp purchased a new position in Moog during the 2nd quarter worth approximately $342,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.
Moog Stock Performance
Shares of NYSE:MOG.A opened at $365.62 on Thursday. Moog Inc. has a 1 year low of $190.90 and a 1 year high of $448.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34. The business's 50 day moving average price is $404.48 and its 200-day moving average price is $356.37. The firm has a market capitalization of $11.58 billion, a PE ratio of 31.09 and a beta of 0.97.
Moog (NYSE:MOG.A - Get Free Report) last released its earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (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 business had revenue of $1.12 billion during the quarter. During the same period in the previous year, the company earned $2.37 EPS. Moog's quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts expect that Moog Inc. will post 11.68 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have commented on MOG.A shares. JPMorgan Chase & Co. initiated coverage on shares of Moog in a research note on Monday, July 20th. They set an "overweight" rating and a $520.00 price objective for the company. Truist Financial increased their target price on shares of Moog from $344.00 to $417.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, TD Cowen raised their target price on Moog from $350.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Moog currently has an average rating of "Buy" and an average price target of $462.33.
Read Our Latest Stock Report on MOG.A
Insiders Place Their Bets
In other news, Director Janet M. Coletti sold 604 shares of Moog stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $379.66, for a total transaction of $229,314.64. Following the transaction, the director owned 6,145 shares in the company, valued at $2,333,010.70. The trade was a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Scannell sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total transaction of $1,120,740.00. Following the transaction, the director directly owned 33,540 shares in the company, valued at approximately $12,529,873.20. The trade was a 8.21% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is owned by company insiders.
About Moog
(
Free Report)
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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