Moog (NYSE:MOG.A) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Moog shares crossed above their 200-day moving average, reaching $396.29 before last trading at about $389.77, compared with a 200-day average of $361.06.
• Analyst sentiment is generally positive: Moog has an average “Moderate Buy” rating and a $462.33 price target, with recent targets ranging from $417 to $520.
• Moog reported strong quarterly results, including $3.72 in earnings per share versus the $2.66 consensus estimate and 15.2% year-over-year revenue growth; institutional investors own nearly 88% of the stock.

Shares of Moog Inc. (NYSE:MOG.A - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $361.06 and traded as high as $396.29. Moog shares last traded at $389.7660, with a volume of 394,787 shares traded.

Wall Street Analyst Weigh In

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

Moog Trading Up 0.5%

The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 33.14 and a beta of 0.97. The business's 50 day simple moving average is $390.57 and its 200 day simple moving average is $361.06.

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

Hedge Funds Weigh In On Moog

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

About Moog

Moog Inc is an aerospace and defense company that designs and manufactures precision motion-control systems and related components. Its products help control the movement of aircraft, spacecraft, missiles, naval platforms, and industrial equipment, serving customers that require highly reliable actuation and control technologies.

The company's offerings include flight-control actuation systems, aircraft control components, spacecraft mechanisms and propulsion systems, missile guidance and steering equipment, and naval and defense systems.

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