Moog (NYSE:MOG.A) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Moog shares crossed above their 200-day moving average, reaching $383.56 before last trading at approximately $376.31, compared with a 200-day average of $364.35.
• Analysts remain generally positive, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $462.33.
• Moog reported strong quarterly results, including $3.72 EPS versus the $2.66 consensus estimate and 15.2% year-over-year revenue growth to $1.12 billion; institutional investors own nearly 88% of its shares.

Moog Inc. (NYSE:MOG.A - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $364.35 and traded as high as $383.56. Moog shares last traded at $376.3130, with a volume of 231,166 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MOG.A shares. Wall Street Zen downgraded shares of Moog from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 19th. JPMorgan Chase & Co. began coverage on Moog in a report on Monday, July 20th. They set an "overweight" rating and a $520.00 price objective for the company. TD Cowen increased their price objective on shares of Moog from $350.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Guggenheim initiated coverage on shares of Moog in a research report on Tuesday, September 15th. They set a "neutral" rating for the company. Finally, Truist Financial upped their price objective on Moog from $344.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $462.33.

Moog Stock Down 1.2%

The firm has a fifty day simple moving average of $387.64 and a 200-day simple moving average of $364.35. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $11.92 billion, a P/E ratio of 32.00 and a beta of 0.96.

Moog (NYSE:MOG.A - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $1.06. The company had revenue of $1.12 billion during the quarter. Moog had a net margin of 8.73% and a return on equity of 17.67%. The firm's revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 EPS. On average, equities research analysts expect that Moog Inc. will post 11.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Globeflex Capital L P acquired a new position in shares of Moog during the 2nd quarter worth about $2,386,000. Ancora Advisors LLC bought a new stake in shares of Moog during the 2nd quarter worth approximately $1,323,000. Public Employees Retirement System of Ohio bought a new position in shares of Moog in the second quarter valued at $426,000. Finally, Archer Investment Corp bought a new stake in Moog during the second quarter worth $342,000. Institutional investors own 87.95% of the company's stock.

Moog Company Profile

Moog Inc is a global designer and manufacturer of precision motion-control systems and components. The company develops technologies that control the position, velocity and force of machinery and equipment, serving customers in aerospace, defense, space, industrial and medical markets.

Its products and services include aircraft flight-control systems, actuation systems, servovalves, motion-control electronics, satellite and launch-vehicle components, missile and defense systems, and precision equipment for industrial automation and medical applications.

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