Moog Inc (NYSE:MOGA), watched as one of its highest level insiders executed a transaction today, September 5th, resulting in the lowering of their exposure to the corporation. Vice President Sasidhar Eranki disposed of 1,567 shares of common stock at average prices ranging from $72.4662 to $72.3 per share. Following this move, Eranki directly holds 16,373 shares in the company, while having 1,310 shares invested indirectly.
Moreover, Moog Inc (NYSE:MOGA) is a $3.08 billion market cap designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace and defense and industrial markets.
In addition, billionaire Mario Gabelli is heavily involved with the company. Gamco Investors, the hedge fund controlled by Gabelli, reported a 4% decrease in its activity with Moog Inc (NYSE:MOGA) over the course of the last fiscal quarter, and now holds 109,530 shares worth nearly $8 million in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.