Moog (NYSE:MOG.A) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Moog shares rose above their 200-day moving average, reaching $372.70 before trading near $366.55, although they remained below the 50-day average of $398.30.
• Analysts remain bullish, with three Buy ratings and a consensus price target of $462.33; recent targets range from $417 to $520.
• Moog reported a strong quarter, posting EPS of $3.72 versus the $2.66 consensus and 15.2% year-over-year revenue growth to $1.12 billion. Institutional investors own approximately 87.95% of the company.

Moog Inc. (NYSE:MOG.A - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $358.03 and traded as high as $372.70. Moog shares last traded at $366.55, with a volume of 112,952 shares changing hands.

Wall Street Analyst Weigh In

MOG.A has been the subject of a number of recent research reports. Truist Financial boosted their target price on Moog from $344.00 to $417.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. initiated coverage on shares of Moog in a research report on Monday, July 20th. They set an "overweight" rating and a $520.00 price target on the stock. Finally, TD Cowen lifted their price target on shares of Moog from $350.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $462.33.

Moog Stock Down 0.3%

The stock has a 50 day moving average price of $398.30 and a 200-day moving average price of $358.03. The stock has a market capitalization of $11.61 billion, a P/E ratio of 31.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.09 and a quick ratio of 1.34.

Moog (NYSE:MOG.A - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The aerospace company reported $3.72 EPS for the quarter, topping 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 for the quarter. During the same quarter in the prior year, the firm posted $2.37 EPS. The firm's quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts expect that Moog Inc. will post 11.68 EPS for the current fiscal year.

Institutional Trading of Moog

Institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new position in shares of Moog in the second quarter worth $1,323,000. Archer Investment Corp purchased a new stake in Moog during the 2nd quarter valued at $342,000. Public Employees Retirement System of Ohio purchased a new stake in Moog during the 2nd quarter valued at $426,000. Finally, Globeflex Capital L P purchased a new stake in Moog during the 2nd quarter valued at $2,386,000. Hedge funds and other institutional investors own 87.95% of the company's stock.

Moog Company Profile

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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