State Street Discloses 5.0% Passive Stake in Moog Inc.
Ticker: MOG-B · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 67887
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**State Street just revealed a 5.0% stake in Moog Inc., a big institutional vote of confidence.**
AI Summary
State Street Corporation, a major financial institution, reported on January 24, 2024, that as of December 31, 2023, it beneficially owns 5.0% of Moog Inc.'s Common Stock. This filing indicates State Street's passive investment in Moog, holding 459,963 shares, and is significant because it reveals a large institutional investor's stake, which can influence market perception and potentially provide stability to the stock.
Why It Matters
This filing shows a significant institutional investor, State Street Corporation, holds a notable stake in Moog Inc., signaling confidence and potentially influencing other investors.
Risk Assessment
Risk Level: low — This is a passive investment by a large institution, generally indicating stability rather than immediate risk.
Analyst Insight
An investor might view this as a positive signal of institutional confidence in Moog Inc., but should also consider that State Street's stake is passive, meaning they are not actively seeking to influence management.
Key Numbers
- 5.0% — Percentage of Class Beneficially Owned (Represents State Street Corporation's ownership stake in Moog Inc.)
- 459,963 — Aggregate Amount Beneficially Owned (The total number of Moog Inc. Common Stock shares held by State Street Corporation.)
Key Players & Entities
- State Street Corporation (company) — reporting person, beneficial owner of Moog Inc. shares
- Moog Inc. (company) — issuer of the common stock
- 459,963 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 5.0% (dollar_amount) — percentage of class beneficially owned by State Street Corporation
- December 31, 2023 (person) — date of event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain its passive investment in Moog Inc. at or around the 5.0% level. (State Street Corporation) — medium confidence, target: next 6-12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is State Street Corporation, as stated in '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the name of the issuer whose securities are being reported?
The issuer is MOOG INC, as identified under 'NAME OF ISSUER: MOOG INC'.
What percentage of Moog Inc.'s Common Stock does State Street Corporation beneficially own?
State Street Corporation beneficially owns 5.0% of Moog Inc.'s Common Stock, as indicated by 'PERCENTAGE OF CLASS BENEFICIALLY OWNED BY REPORTING PERSON: 5.0%'.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as stated under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 12/31/2023'.
How many shares of Moog Inc. Common Stock does State Street Corporation beneficially own in aggregate?
State Street Corporation beneficially owns an aggregate of 459,963 shares of Moog Inc. Common Stock, as shown under 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 459,963'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 by December 31, 2023 regarding MOOG INC. (MOG-B).