Moog (NYSE:MOG.A) Shares Up 8.8% After Earnings Beat

Moog Inc. (NYSE:MOG.A)’s stock price rose 8.8% on Friday following a stronger than expected earnings report. The stock traded as high as $331.44 and last traded at $332.8860. Approximately 170,984 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 296,308 shares. The stock had previously closed at $306.00.

The aerospace company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.36 by $0.28. Moog had a return on equity of 15.47% and a net margin of 6.38%.The company had revenue of $1.05 billion for the quarter. During the same period last year, the company earned $1.92 EPS. The business’s revenue was up 12.6% compared to the same quarter last year.

Insider Activity

In other Moog news, VP Paul Wilkinson sold 992 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $329.80, for a total value of $327,161.60. Following the completion of the sale, the vice president directly owned 7,198 shares of the company’s stock, valued at $2,373,900.40. The trade was a 12.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brenda Reichelderfer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $312.27, for a total transaction of $624,540.00. Following the completion of the transaction, the director owned 2,585 shares in the company, valued at $807,217.95. This represents a 43.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.46% of the company’s stock.

Moog Stock Up 2.3%

The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.93 billion, a P/E ratio of 38.68 and a beta of 0.99. The company’s 50 day moving average price is $314.27 and its two-hundred day moving average price is $269.34.

Moog Company Profile

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.