Moog (NYSE:MOG.A) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Moog (NYSE:MOG.A) from a hold rating to a buy rating in a research report report published on Saturday morning, Zacks.com reports. They currently have $66.00 price objective on the aerospace company’s stock.
According to Zacks, “Moog Inc is a designer, manufacturer, and integrator of precision motion control products and solutions. Moog Inc high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications, and medical equipment. Moog Inc world-class product lines in servo and proportional valves, servo motors and drives, servo actuators, motion systems, controllers and software, and slip rings for data and power transmission provide the highest performance for hydraulic, electric, and hybrid systems. Moog Inc motion control technology enhances performance in a variety of markets and applications, from commercial aircraft cockpits, to power-generation turbines, to Formula One racing, to medical infusion systems. Moog Inc supports talented people, allowing them to approach their work with energy, enthusiasm, and the promise of success. “
Several other analysts have also weighed in on MOG.A. Cowen started coverage on Moog in a report on Friday, July 24th. They issued a buy rating and a $65.00 target price on the stock. ValuEngine lowered Moog from a hold rating to a sell rating in a report on Monday, August 3rd. Finally, Canaccord Genuity started coverage on Moog in a report on Thursday, July 2nd. They issued a hold rating and a $56.00 target price on the stock.
Moog (NYSE:MOG.A) last announced its quarterly earnings data on Friday, July 24th. The aerospace company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.51. Moog had a return on equity of 13.67% and a net margin of 4.46%. The firm had revenue of $657.54 million for the quarter, compared to analyst estimates of $633.10 million. Equities research analysts expect that Moog will post 4.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.00 annualized dividend and a yield of 1.65%. Moog’s dividend payout ratio (DPR) is presently 19.57%.
Moog Company Profile
Moog Inc designs, manufactures, and integrates precision motion and fluid controls and 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.
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