Moog (NYSE:MOG.B) Shares Gap Up - Here's What Happened

Key Points

• Moog Inc. (NYSE:MOG.B) shares gapped up from a previous close of $188.86 to open at $202.05, indicating a strong market reaction.
• The company reported $2.37 earnings per share for its latest quarterly results, with a revenue of $971.36 million.
• Moog has recently declared a quarterly dividend of $0.29 per share, reflecting an annualized yield of 0.6% and a dividend payout ratio of 17.60%.

Shares of Moog Inc. (NYSE:MOG.B - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $188.86, but opened at $202.05. Moog shares last traded at $202.50, with a volume of 655 shares trading hands.

Moog Stock Down 3.8%

The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $187.90 and a 200 day simple moving average of $180.75. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 29.50 and a beta of 0.92.

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

Moog Announces Dividend

The firm also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 8th. Moog's dividend payout ratio (DPR) is 17.60%.

About Moog

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.

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