Moog (NYSE:MOG.A) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Moog (NYSE:MOG.A) from a strong sell rating to a hold rating in a report issued on Thursday, Zacks.com reports.

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. “

Other analysts also recently issued research reports about the company. Canaccord Genuity assumed coverage on Moog in a research note on Thursday, July 2nd. They issued a hold rating and a $56.00 price objective on the stock. Cowen assumed coverage on Moog in a research note on Friday, July 24th. They issued a buy rating and a $65.00 price objective on the stock. Finally, ValuEngine raised Moog from a sell rating to a hold rating in a research note on Monday, June 1st.

Shares of MOG.A stock opened at $53.72 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.46 and a current ratio of 2.31. Moog has a 1 year low of $32.49 and a 1 year high of $95.93. The stock has a fifty day moving average of $51.37 and a two-hundred day moving average of $61.88. The firm has a market capitalization of $1.75 billion, a PE ratio of 14.17 and a beta of 1.58.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 13th.

About Moog

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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