Ancora Advisors LLC Takes Position in Moog Inc. $MOG.A

Key Points

• Ancora Advisors acquired 3,122 shares of Moog worth approximately $1.32 million in the second quarter, while Globeflex Capital also opened a roughly $2.39 million position. Institutional investors collectively own 87.95% of Moog’s stock.
• Analysts maintain a positive outlook, with Truist, TD Cowen, and JPMorgan issuing Buy or Overweight ratings and price targets ranging from $417 to $520. The consensus rating is Buy, with an average target of $462.33.
• Moog reported quarterly earnings of $3.72 per share, exceeding estimates by $1.06, while revenue rose 15.2% year over year to $1.12 billion. The stock opened at $382.36, below its 52-week high of $448.85, as two directors separately sold shares.

Ancora Advisors LLC purchased a new position in Moog Inc. (NYSE:MOG.A - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,122 shares of the aerospace company's stock, valued at approximately $1,323,000.

Separately, Globeflex Capital L P purchased a new position in Moog in the second quarter worth about $2,386,000. Institutional investors and hedge funds own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

MOG.A has been the subject of several research reports. Truist Financial upped their price target 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 raised their price objective on shares of 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. started coverage on shares of Moog in a research report on Monday, July 20th. They set an "overweight" rating and a $520.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $462.33.

Moog Trading Down 0.4%

Shares of MOG.A stock opened at $382.36 on Friday. Moog Inc. has a 52-week low of $190.90 and a 52-week high of $448.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.34 and a current ratio of 2.09. The firm has a market capitalization of $12.11 billion, a PE ratio of 32.51 and a beta of 0.98. The stock has a fifty day simple moving average of $407.32 and a two-hundred day simple moving average of $355.06.

Moog (NYSE:MOG.A - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $1.06. Moog had a return on equity of 17.67% and a net margin of 8.73%.The company had revenue of $1.12 billion for the quarter. During the same period in the prior year, the firm posted $2.37 earnings per share. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts predict that Moog Inc. will post 11.68 EPS for the current fiscal year.

Insider Buying and Selling at Moog

In other news, Director John Scannell sold 3,000 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total value of $1,120,740.00. Following the transaction, the director owned 33,540 shares of the company's stock, valued at approximately $12,529,873.20. The trade was a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet M. Coletti sold 604 shares of the company's 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 of the company's stock, valued at approximately $2,333,010.70. This represents a 8.95% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by insiders.

Moog Profile

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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