John Scannell Sells 3,000 Shares of Moog (NYSE:MOG.A) Stock

Moog Inc. (NYSE:MOG.A) Director John Scannell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $373.58, for a total value of $1,120,740.00. Following the completion of the sale, the director directly owned 33,540 shares of the company’s stock, valued at $12,529,873.20. This represents a 8.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Moog Price Performance

Shares of NYSE:MOG.A opened at $395.31 on Friday. Moog Inc. has a fifty-two week low of $171.11 and a fifty-two week high of $409.06. The business has a 50-day moving average of $326.81 and a two-hundred day moving average of $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. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12.

Moog (NYSE:MOG.A) last posted its quarterly earnings data on Friday, April 24th. The aerospace company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.28. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business had revenue of $1.05 billion during the quarter. During the same period in the prior year, the firm posted $1.92 EPS. Moog’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities research analysts predict that Moog Inc. will post 10.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MOG.A. Truist Financial raised Moog to a “strong-buy” rating in a research report on Friday, May 1st. TD Cowen boosted their price objective on Moog from $350.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus target price of $450.00.

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.