Moog (NYSE:MOG.A) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Moog shares rose above their 200-day moving average, reaching $419.80 and closing at $415.81, compared with a 200-day average of $346.34.
• Analysts remain bullish, with an average “Buy” rating and a $462.33 price target. Recent targets range from $417 to $520.
• Moog reported strong quarterly results, posting EPS of $3.72 versus the $2.66 consensus estimate, while revenue increased 15.2% year over year to $1.12 billion.

Shares of Moog Inc. (NYSE:MOG.A - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $346.34 and traded as high as $419.80. Moog shares last traded at $415.81, with a volume of 298,565 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Truist Financial upped their price objective on Moog from $344.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. TD Cowen lifted their target price 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. initiated coverage on shares of Moog in a research report on Monday, July 20th. They issued an "overweight" rating and a $520.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $462.33.

Moog Stock Up 1.5%

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 stock has a market capitalization of $13.17 billion, a P/E ratio of 35.36 and a beta of 0.98. The stock's fifty day moving average is $403.21 and its two-hundred day moving average is $346.34.

Moog (NYSE:MOG.A - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company posted $2.37 EPS. Moog's quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts predict that Moog Inc. will post 11.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.

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