Key Points
- Director Janet Coletti sold 604 Moog shares on June 10 at an average price of $379.66, for proceeds of about $229,315. After the sale, she still owned 6,145 shares worth roughly $2.33 million.
- Moog recently reported strong quarterly results, with EPS of $2.64 topping estimates by $0.28 and revenue rising 12.6% year over year to $1.05 billion.
- Analysts remain upbeat on the stock, with Truist and TD Cowen raising ratings/targets and MarketBeat showing a consensus Strong Buy with a $450 price target.
Moog Inc. (NYSE:MOG.A - Get Free Report) Director Janet Coletti sold 604 shares of Moog stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $379.66, for a total value of $229,314.64. Following the completion of the transaction, the director directly owned 6,145 shares in the company, valued at $2,333,010.70. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Moog Price Performance
Shares of Moog stock opened at $395.31 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12. The business's 50 day simple moving average is $326.81 and its two-hundred day simple moving average is $300.11. The stock has a market capitalization of $12.52 billion, a P/E ratio of 44.47 and a beta of 0.98. Moog Inc. has a one year low of $171.11 and a one year high of $409.06.
Moog (NYSE:MOG.A - Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.28. The business had revenue of $1.05 billion for the quarter. Moog had a return on equity of 16.11% and a net margin of 6.83%.Moog's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share. Analysts forecast that Moog Inc. will post 10.61 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Truist Financial raised Moog to a "strong-buy" rating in a research note on Friday, May 1st. TD Cowen upped their target price on Moog from $350.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, Moog presently has a consensus rating of "Strong Buy" and a consensus price target of $450.00.
Check Out Our Latest Research Report on MOG.A
Moog Company Profile
(
Get Free Report)
Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.
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