Moog Bundle
Who Owns Moog Inc.?
Understanding Moog Inc.'s ownership reveals its strategic direction and accountability, influenced by its dual-class stock structure since 1980.
Founded in 1951, Moog Inc. has grown into a global leader in precision motion control systems, serving critical industries like aerospace and defense.
Who owns Moog Inc.?
Moog Inc. operates with a dual-class stock structure, a key element in its ownership landscape. This structure, in place since 1980, differentiates voting rights between Class A and Class B shares. As of July 31, 2025, the company is publicly traded on the NYSE under tickers MOG.A and MOG.B. In 2024, Moog Inc. reported revenue of US$3.61 billion and had a market capitalization of $6.16 billion, employing approximately 13,500 individuals. The company's product portfolio includes advanced solutions for applications such as those analyzed in a Moog BCG Matrix.
Who Founded Moog?
Moog Inc. was founded in 1951 by Bill Moog, Art Moog, and Lou Geyer, initially as Moog Valve Co. Inc. Bill Moog, a design engineer, developed a key electro-hydraulic servovalve for guided missiles, which formed the basis of the company's early innovation. The company's inception was marked by resourcefulness, with initial production relying on a local machine shop's speculative agreement.
Moog Inc. was established in 1951. This marked the beginning of its journey in precision control systems.
The company was founded by Bill Moog, Art Moog, and Lou Geyer. Bill Moog's engineering expertise was central to its early technological advancements.
The company's genesis was driven by Bill Moog's development of an electro-hydraulic servovalve. This innovation was crucial for controlling guided missiles.
Early operations for Moog Valve Co. Inc. began in the basement of Bill Moog's home in East Aurora. This humble start was known as the 'Little Gem Valve Company'.
Lacking initial capital, the founders secured manufacturing through a speculative agreement with a local machine shop. Payment was contingent on the successful sale of the produced units.
Specific details on initial equity splits or early angel investors are not publicly available. The company's founding relied heavily on the founders' ingenuity and a unique manufacturing arrangement.
The foundational vision of the founding team was centered on precision control systems, a principle directly embodied in the company's first product, the 'Moog Valve'. This early focus on advanced engineering and a resourceful approach to manufacturing set the stage for Moog Inc.'s future growth and its significant impact on various industries, including aerospace and industrial automation. Understanding the Marketing Strategy of Moog can provide further insight into how this initial vision translated into market success.
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How Has Moog’s Ownership Changed Over Time?
Moog Inc. became a publicly traded entity on May 22, 1981, marking a significant shift in its ownership landscape. The company's establishment of a dual-class capital system in 1980, differentiating voting rights between Class A and Class B shares, has been a cornerstone of its governance structure since then.
| Share Class | Ownership Percentage (as of March 2025) | Key Holders |
| Class A (MOG.A) | Approximately 88.26% Institutional, 3.94% Insiders, 7.80% Retail | iShares, West Branch Capital LLC, Gamco Investors, Inc. Et Al, EQ ADVISORS TRUST, Alliancebernstein L.p., Gabelli Funds Llc |
| Class B | Not specified in provided data | Not specified in provided data |
The ownership structure of Moog Inc. as of March 2025 reveals a strong presence of institutional investors, who collectively hold approximately 88.26% of the Class A shares. This significant institutional backing, alongside holdings by insiders (3.94%) and retail investors (7.80%), shapes the company's shareholder base. iShares stands out as a major institutional holder of Moog Inc. (MOG.A) stock, with other notable institutional stakeholders including West Branch Capital LLC, Gamco Investors, Inc. Et Al, EQ ADVISORS TRUST, Alliancebernstein L.p., and Gabelli Funds Llc. On an individual level, Kraig H. Kayser is the largest shareholder, possessing 380,943 shares, representing 1.20% of the company and valued at roughly $69.54 million. This distribution, particularly the substantial institutional ownership, can influence corporate strategy and stock performance. The dual-class share system is maintained to foster operational stability and long-term growth, aiming to align the interests of all shareholders.
Understanding who owns Moog Inc. is crucial for grasping its strategic direction. The company's ownership is concentrated, with institutional investors playing a dominant role.
- Institutional investors hold the majority of Class A shares.
- Key institutional stakeholders include iShares and West Branch Capital LLC.
- The dual-class share structure aims for long-term stability.
- Kraig H. Kayser is the largest individual shareholder.
- The ownership structure impacts Moog Inc. stock performance.
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Who Sits on Moog’s Board?
The governance of Moog Inc. is managed by a ten-member Board of Directors, structured with a dual-class share system that influences voting power. This system ensures a specific representation for different shareholder groups.
| Share Class | Voting Power per Share | Director Election Rights |
|---|---|---|
| Class A | One-tenth of a vote | Elect at least 25% of the Board |
| Class B | One vote | Elect the remaining 75% of the Board |
The company's Board of Directors, comprising ten members, operates under a dual-class share structure established in 1980. Class A shares carry one-tenth of a vote, while Class B shares hold one vote per share. This arrangement grants Class A shareholders the right to elect a minimum of 25% of the board, currently three directors, independently of Class B shareholders. The remaining seven directors are elected by Class B shareholders. A significant aspect of Moog Inc. ownership is that the majority of Class B shares are held by current and former employees and employee benefit plans. This distribution is viewed by the company as a means to align stakeholder interests and foster operational stability and long-term growth. For the 2025 fiscal year, directors like Peter J. Gundermann and John R. Scannell are elected under Class B shares, and Mahesh Narang for Class A shares, with their terms concluding in 2028. There have been no reported proxy battles or activist campaigns recently that have notably impacted the company's strategic decisions.
Moog Inc.'s Board of Directors is structured to reflect its dual-class share system, ensuring distinct representation for different shareholder groups.
- Ten members comprise the Board of Directors.
- Class A shares have one-tenth of a vote per share.
- Class B shares have one vote per share.
- Class A shareholders elect at least 25% of the Board.
- Class B shareholders elect the remaining directors.
- Majority of Class B shares are held by employees and benefit plans.
- This structure aims to align interests and promote stability.
- Understanding Revenue Streams & Business Model of Moog provides context for board decisions.
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What Recent Changes Have Shaped Moog’s Ownership Landscape?
In recent years, Moog Inc. has seen shifts in its leadership and strategic direction, with notable executive changes and portfolio adjustments. These developments reflect a dynamic approach to business operations and a focus on aligning with market opportunities and shareholder interests.
| Development | Date | Details |
| COO Mark Trabert Retirement | December 31, 2024 | Operating Group Presidents began reporting directly to CEO Pat Roche. |
| Executive Vice President and CFO Appointment | 2024 | Jennifer Walter assumed the role, having served as CFO since 2020. |
| Acquisition of COTSWORKS Inc. | July 7, 2025 | Expansion of the company's strategic portfolio. |
| Divestiture of Navigation Aids (Navaids) business | 2021 | Sale to Thales Group. |
| Approval of 2025 Long Term Incentive Plan | February 2025 | Shareholder approval to align employee interests with company performance. |
The ownership structure of Moog Inc. remains heavily influenced by institutional investors, with approximately 88.26% of Class A stock held by these entities as of March 2025. This significant institutional backing is a common characteristic of publicly traded companies, indicating a broad base of investment from funds and financial institutions. The company's commitment to aligning employee interests is further evidenced by the shareholder approval of the Moog Inc. 2025 Long Term Incentive Plan in February 2025, a move designed to foster a stronger connection between employee performance and overall shareholder value.
Recent leadership changes include the planned retirement of board director Brian J. Lipke and COO Mark Trabert. CEO Pat Roche also assumed the President role in 2024.
Moog Inc. acquired COTSWORKS Inc. in July 2025 and divested its Navigation Aids business in 2021, demonstrating strategic portfolio management.
Institutional investors hold a substantial majority of Moog Inc.'s Class A stock, accounting for about 88.26% as of March 2025. This highlights the significant role of institutional stakeholders in the company's ownership profile.
The approval of the Moog Inc. 2025 Long Term Incentive Plan by shareholders in February 2025 signifies a strategic effort to align employee incentives with the company's performance and shareholder value, a key aspect of understanding the Target Market of Moog.
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