Moog (NYSE:MOG.A) Share Price Breaks Above 200-Day Moving Average - What's Next?

Key Points

• Moog shares moved above their 200-day moving average, reaching $365.02 before closing at $356.33, compared with the average of $353.42.
• Analysts maintain a generally positive outlook: four rate the stock a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of $446.25.
• Moog recently exceeded earnings expectations, reporting quarterly EPS of $3.72 versus the $2.66 consensus, while revenue rose 15.2% year over year; institutional investors own 87.95% of the shares.

Moog Inc. (NYSE:MOG.A - Get Free Report) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $353.42 and traded as high as $365.02. Moog shares last traded at $356.33, with a volume of 244,138 shares traded.

Analysts Set New Price Targets

MOG.A has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on Moog from $520.00 to $480.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. TD Cowen decreased their price target on shares of Moog from $450.00 to $440.00 and set a "buy" rating for the company in a report on Friday, October 9th. Truist Financial boosted their price objective on shares of Moog from $344.00 to $417.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Guggenheim assumed coverage on Moog in a report on Tuesday, September 15th. They issued a "neutral" rating for the company. Finally, Morgan Stanley assumed coverage on shares of Moog in a report on Friday, October 16th. They issued an "overweight" rating and a $448.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $446.25.

Moog Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.34 and a current ratio of 2.09. The stock has a market cap of $11.28 billion, a P/E ratio of 30.30 and a beta of 0.96. The business has a 50 day simple moving average of $368.99 and a 200-day simple moving average of $353.42.

Moog (NYSE:MOG.A - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $1.06. The firm had revenue of $1.12 billion for the quarter. Moog had a net margin of 8.73% and a return on equity of 17.67%. The business's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.37 EPS. On average, sell-side analysts forecast that Moog Inc. will post 11.69 EPS for the current year.

Hedge Funds Weigh In On Moog

Several institutional investors and hedge funds have recently bought and sold shares of MOG.A. Globeflex Capital L P bought a new stake in shares of Moog in the second quarter worth about $2,386,000. Ancora Advisors LLC bought a new position in Moog in the 2nd quarter worth about $1,323,000. Public Employees Retirement System of Ohio purchased a new position in shares of Moog during the second quarter worth approximately $426,000. Finally, Archer Investment Corp bought a new stake in shares of Moog during the second quarter valued at approximately $342,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Moog Company Profile

Moog Inc is a technology and manufacturing company that designs and produces precision motion-control systems and components. Its products are used to control the position, movement and operation of machinery in demanding aerospace, defense and industrial applications.

The company serves the commercial aircraft, military aircraft, space and launch, missile, naval and ground-defense markets. Its offerings include aircraft flight-control systems, actuation systems, control electronics, precision-guided weapon components, satellite and spacecraft mechanisms, and systems used in launch vehicles.

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