Moog (NYSE:MOG.A) Sets New 52-Week High - Should You Buy?

Key Points

• Moog shares reached a new 52-week high of $430.66, trading about 3.1% higher, with the company valued at approximately $13.62 billion.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $462.33; individual targets range from $417 to $520.
• Moog exceeded quarterly earnings expectations, reporting $3.72 in EPS versus the $2.66 consensus estimate, while revenue rose 15.2% year over year to $1.12 billion. Two directors recently sold shares, and insiders own 1.46% of the company.

Moog Inc. (NYSE:MOG.A - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $430.66 and last traded at $429.97, with a volume of 197995 shares changing hands. The stock had previously closed at $416.98.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on Moog from $344.00 to $417.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. TD Cowen boosted their price target on Moog from $350.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. started coverage on shares of Moog in a report on Monday, July 20th. They set an "overweight" rating and a $520.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Moog currently has a consensus rating of "Buy" and an average target price of $462.33.

Moog Trading Up 3.1%

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 company's 50-day moving average price is $403.21 and its 200-day moving average price is $346.34. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 36.56 and a beta of 0.98.

Moog (NYSE:MOG.A - Get Free Report) last issued its quarterly earnings results 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 firm 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%.The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.37 earnings per share. Equities analysts expect that Moog Inc. will post 11.68 EPS for the current fiscal year.

Insider Activity

In other Moog news, Director Janet M. Coletti sold 604 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $379.66, for a total value of $229,314.64. Following the transaction, the director owned 6,145 shares of the company's stock, valued at $2,333,010.70. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Scannell sold 3,000 shares of the 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is currently owned by insiders.

About Moog

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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