Moog (NYSE:MOG.B) Shares Gap Down - Here's Why

Key Points

• Moog Inc. shares opened at $195.00 after closing at $202.05, resulting in a 3.6% decline in stock value.
• The company has announced a quarterly dividend of $0.29, with a yield of 0.6%, to be paid on August 26th.
• For the most recent quarter, Moog reported a revenue of $971.36 million and an EPS of $2.37.

Moog Inc. (NYSE:MOG.B - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $202.05, but opened at $195.00. Moog shares last traded at $194.72, with a volume of 421 shares traded.

Moog Stock Performance

The company has a market cap of $6.43 billion, a price-to-earnings ratio of 30.80 and a beta of 0.92. The stock's fifty day simple moving average is $190.36 and its two-hundred day simple moving average is $180.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.43.

Moog (NYSE:MOG.B - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The aerospace company reported $2.37 earnings per share for the quarter. The company had revenue of $971.36 million for the quarter. Moog had a net margin of 5.67% and a return on equity of 14.20%.

Moog Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Friday, August 8th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 8th. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. Moog's payout ratio is presently 17.60%.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and 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.