Moog (NYSE:MOG.A) Stock Rating Upgraded by Truist Financial

Key Points

• Truist Financial upgraded Moog (NYSE:MOG.A) to a "strong-buy" in a research note issued Friday.
• Moog beat quarterly expectations, reporting $2.64 EPS vs. $2.36 expected and $1.05 billion in revenue (up 12.6% year-over-year), with sell-side analysts projecting ~10.61 EPS for the current fiscal year.
• Insider selling was reported recently—VP Paul Wilkinson and Director Brenda Reichelderfer sold shares, trimming their holdings, and corporate insiders now own about 1.46% of the company.

Moog (NYSE:MOG.A - Get Free Report) was upgraded by stock analysts at Truist Financial to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.

Moog Trading Down 0.3%

Shares of MOG.A stock opened at $300.52 on Friday. The firm has a market capitalization of $9.52 billion, a P/E ratio of 33.80 and a beta of 0.93. Moog has a twelve month low of $171.11 and a twelve month high of $354.20. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. The stock's fifty day simple moving average is $312.34 and its 200 day simple moving average is $271.98.

Moog (NYSE:MOG.A - Get Free Report) last released its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.28. Moog had a return on equity of 16.11% and a net margin of 6.83%.The firm had revenue of $1.05 billion for the quarter. During the same quarter last year, the firm posted $1.92 EPS. The company's quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Moog will post 10.61 EPS for the current fiscal year.

Insider Activity at Moog

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