Moog (NYSE:MOG.A) Reaches New 1-Year High - Should You Buy?

Key Points

• Moog shares reached a new 52-week high of $448.85 and last traded at $445.72, supported by a consensus “Buy” rating and an average analyst price target of $462.33.
• The company reported strong quarterly results, with adjusted earnings per share of $3.72—beating estimates by $1.06—and revenue of $1.12 billion, up 15.2% year over year.
• Despite positive analyst sentiment and institutional ownership of 87.95%, two directors recently sold shares, while the stock trades at a relatively high P/E ratio of 37.90.

Shares of Moog Inc. (NYSE:MOG.A - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $448.85 and last traded at $445.72, with a volume of 250268 shares traded. The stock had previously closed at $441.21.

Analysts Set New Price Targets

Several analysts have recently weighed in on MOG.A shares. JPMorgan Chase & Co. initiated coverage on Moog in a research note on Monday, July 20th. They set an "overweight" rating and a $520.00 target price for the company. Truist Financial boosted their price objective on 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 increased their price target on Moog from $350.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Moog has a consensus rating of "Buy" and an average price target of $462.33.

Moog Price Performance

The firm has a market capitalization of $14.12 billion, a P/E ratio of 37.90 and a beta of 0.98. 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 stock has a 50 day moving average of $408.30 and a two-hundred day moving average of $350.48.

Moog (NYSE:MOG.A - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.12 billion during the quarter. During the same quarter last year, the company earned $2.37 earnings per share. The firm's revenue was up 15.2% on a year-over-year basis. Sell-side analysts predict that Moog Inc. will post 11.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Janet M. Coletti sold 604 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $379.66, for a total value of $229,314.64. Following the completion of the transaction, the director directly owned 6,145 shares of the company's stock, valued at $2,333,010.70. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Scannell sold 3,000 shares of the firm's stock in a transaction dated 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 transaction, the director owned 33,540 shares of the company's stock, valued at approximately $12,529,873.20. This represents a 8.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.46% of the company's stock.

Institutional Investors Weigh In On Moog

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Moog during the 2nd quarter worth approximately $426,000. Ancora Advisors LLC bought a new stake in Moog in the 2nd quarter valued at approximately $1,323,000. Finally, Globeflex Capital L P acquired a new position in shares of Moog during the 2nd quarter worth about $2,386,000. 87.95% of the stock is owned by institutional investors and hedge funds.

Moog Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source