Moog (NYSE:MOG.B) Shares Up 4.5% - Here's Why

Key Points

• Moog Inc. shares increased by 4.5% during mid-day trading, reaching a last traded price of $210.82, significantly above its previous close of $201.71.
• The company reported $2.37 earnings per share for the last quarter, with a revenue of $971.36 million and a return on equity of 14.20%.
• Moog also declared a quarterly dividend of $0.29 per share, representing an annualized dividend yield of 0.6% and a payout ratio of 17.60%.

Moog Inc. (NYSE:MOG.B - Get Free Report) shares rose 4.5% during mid-day trading on Tuesday . The company traded as high as $206.00 and last traded at $210.82. Approximately 632 shares changed hands during mid-day trading, an increase of 274% from the average daily volume of 169 shares. The stock had previously closed at $201.71.

Moog Stock Up 4.5%

The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 31.99 and a beta of 0.83. 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 firm has a 50-day moving average of $201.63 and a two-hundred day moving average of $187.09.

Moog (NYSE:MOG.B - Get Free Report) last issued 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Friday, August 8th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Moog's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.