Moog (NYSE:MOG.A) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?
by Renee Jackson · The Cerbat GemMoog Inc. (NYSE:MOG.A – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $322.84 and traded as high as $409.98. Moog shares last traded at $405.62, with a volume of 213,555 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on MOG.A. Truist Financial upgraded shares of Moog to a “strong-buy” rating in a research note on Friday, May 1st. TD Cowen raised their price target on Moog from $350.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and an average target price of $450.00.
View Our Latest Research Report on Moog
Moog Stock Down 0.4%
The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 45.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.68. The firm’s 50-day simple moving average is $368.65 and its two-hundred day simple moving average is $324.56.
Moog (NYSE:MOG.A – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.36 by $0.28. The business had revenue of $1.05 billion for the quarter. Moog had a net margin of 6.83% and a return on equity of 16.11%. Moog’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. On average, sell-side analysts expect that Moog Inc. will post 10.61 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Janet M. Coletti sold 604 shares of Moog stock in a transaction 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 sale, the director directly owned 6,145 shares of the company’s stock, valued at approximately $2,333,010.70. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Scannell sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $373.58, for a total value of $1,120,740.00. Following the transaction, the director directly owned 33,540 shares in the company, valued at $12,529,873.20. This trade represents a 8.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is currently owned by company insiders.
About Moog
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.