Boeing (NYSE:BA) Director Acquires $499,966.00 in Stock

The Boeing Company (NYSE:BAGet Free Report) Director Mortimer Buckley purchased 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares in the company, valued at $993,206. This represents a 101.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Boeing Price Performance

BA opened at $231.12 on Friday. The stock has a fifty day moving average price of $235.70 and a 200 day moving average price of $219.77. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.35. The stock has a market cap of $181.51 billion, a price-to-earnings ratio of 114.99 and a beta of 1.14.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. During the same period in the previous year, the company earned ($5.90) earnings per share. The business’s revenue for the quarter was up 57.1% on a year-over-year basis. Analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Boeing

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Boeing by 245.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock valued at $489,052,000 after acquiring an additional 1,600,909 shares during the period. Janus Henderson Group PLC boosted its holdings in Boeing by 43.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock valued at $840,204,000 after acquiring an additional 1,176,074 shares during the period. Viking Global Investors LP increased its stake in shares of Boeing by 31.3% in the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock worth $858,294,000 after purchasing an additional 942,536 shares during the period. Finally, Ninety One UK Ltd bought a new position in shares of Boeing in the third quarter worth about $192,734,000. Institutional investors own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BA. Susquehanna reiterated a “positive” rating and issued a $280.00 target price on shares of Boeing in a research note on Thursday, January 15th. Weiss Ratings upgraded shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Finally, BNP Paribas Exane set a $150.00 target price on shares of Boeing in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $246.14.

Check Out Our Latest Stock Report on BA

About Boeing

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Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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