Moog (NYSE:MOG.A) Shares Up 8.8% After Earnings Beat

Key Points

• Shares rose 8.8% after Moog reported quarterly EPS of $2.64, beating the $2.36 consensus, with revenue of $1.05 billion, up 12.6% year-over-year.
• Insiders trimmed holdings: Director Brenda Reichelderfer sold 2,000 shares and VP Paul Wilkinson sold 992 shares, leaving insiders with about 1.46% ownership.
• Valuation and balance-sheet metrics: market cap $10.56 billion, price-to-earnings ratio 41.14, and a debt-to-equity ratio of 0.51.

Moog Inc. (NYSE:MOG.A - Get Free Report)'s share price shot up 8.8% during trading on Friday following a stronger than expected earnings report. The stock traded as high as $331.44 and last traded at $332.8860. 170,984 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 296,308 shares. The stock had previously closed at $306.00.

The aerospace company reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.28. The firm had revenue of $1.05 billion during the quarter. Moog had a net margin of 6.38% and a return on equity of 15.47%. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 EPS.

Insider Buying and Selling

In related news, Director Brenda Reichelderfer sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $312.27, for a total transaction of $624,540.00. Following the completion of the transaction, the director owned 2,585 shares in the company, valued at approximately $807,217.95. The trade was a 43.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul Wilkinson sold 992 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $329.80, for a total transaction of $327,161.60. Following the transaction, the vice president owned 7,198 shares of the company's stock, valued at approximately $2,373,900.40. This represents a 12.11% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by insiders.

Moog Price Performance

The company has a market cap of $10.56 billion, a price-to-earnings ratio of 41.14 and a beta of 0.99. The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.51. The company's fifty day moving average price is $314.50 and its two-hundred day moving average price is $268.64.

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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