Moog (NYSE:MOG.A) Stock Price Up 4.8% - What's Next?

Key Points

• Moog shares rose 4.8% to about $382.78 in midday trading, though volume was 83% below the stock’s average daily volume.
• Analyst sentiment is generally positive: Moog has a consensus “Moderate Buy” rating and an average price target of $446.25, with recent targets ranging from $417 to $480.
• The company reported strong quarterly results, including EPS of $3.72 versus the $2.66 consensus estimate and 15.2% year-over-year revenue growth; institutional investors own 87.95% of its shares.

Moog Inc. (NYSE:MOG.A - Get Free Report)'s stock price shot up 4.8% during mid-day trading on Friday. The company traded as high as $383.39 and last traded at $382.7790. 49,243 shares changed hands during trading, a decline of 83% from the average daily volume of 293,067 shares. The stock had previously closed at $365.14.

Analyst Ratings Changes

Several research firms have recently commented on MOG.A. Morgan Stanley initiated coverage on shares of Moog in a report on Friday. They set an "overweight" rating and a $448.00 price target on the stock. Truist Financial increased their price objective on Moog from $344.00 to $417.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Guggenheim began coverage on Moog in a research report on Tuesday, September 15th. They set a "neutral" rating for the company. JPMorgan Chase & Co. lowered their target price on Moog from $520.00 to $480.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Wall Street Zen upgraded Moog from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 10th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Moog has a consensus rating of "Moderate Buy" and an average price target of $446.25.

Moog Price Performance

The stock's 50 day simple moving average is $382.57 and its 200-day simple moving average is $367.77. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 31.82 and a beta of 0.96. 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 results on Friday, July 31st. The aerospace company reported $3.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $1.06. Moog had a net margin of 8.73% and a return on equity of 17.67%. The business had revenue of $1.12 billion for the quarter. During the same quarter in the prior year, the business posted $2.37 EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, analysts expect that Moog Inc. will post 11.68 EPS for the current fiscal year.

Institutional Trading of Moog

Large investors have recently made changes to their positions in the stock. Archer Investment Corp acquired a new position in Moog during the second quarter valued at approximately $342,000. Public Employees Retirement System of Ohio acquired a new stake in Moog in the 2nd quarter worth $426,000. Ancora Advisors LLC bought a new position in shares of Moog during the 2nd quarter worth about $1,323,000. Finally, Globeflex Capital L P bought a new stake in shares of Moog in the second quarter valued at about $2,386,000. 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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