The Boeing Company (NYSE:BA – Get Free Report) shares were up 2.3% during mid-day trading on Thursday . The company traded as high as $229.55 and last traded at $229.1690. Approximately 4,825,424 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 7,220,924 shares. The stock had previously closed at $224.11.
Boeing News Roundup
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Biman Bangladesh placed a 14‑aircraft order (mix of 787‑10, 787‑9 and 737‑8) worth about $3.7B, boosting Boeing’s commercial backlog and near‑term delivery visibility. Biman Bangladesh Airlines Orders 14 Boeing 787 Dreamliner and 737 MAX Jets
- Positive Sentiment: The U.S. Air Force plans to buy five additional Boeing E‑7A Wedgetail surveillance aircraft (on top of two prototypes), supporting Boeing’s defense revenue and government backlog. US Air Force plans to buy five more Boeing E-7A surveillance aircraft
- Positive Sentiment: Bank of America reiterated a Buy rating and $270 price target, saying Boeing’s core operational trajectory remains positive even though the turnaround is uneven — a vote of confidence from a major broker. Boeing continues to show turnaround progress, keeping Banking of America bullish
- Neutral Sentiment: Analyst consensus price target sits around $259.35 — above current levels but below some broker targets, offering mixed signals on upside. The Boeing Company (NYSE:BA) Receives $259.35 Average Price Target from Brokerages
- Neutral Sentiment: Boeing made a carbon‑purchase move highlighted by ESG coverage — positive for sustainability positioning but likely limited near‑term financial impact. “…Supporting the Responsible Growth of our Industry…” Boeing Stock (NYSE:BA) Notches Up With Carbon Purchase
- Negative Sentiment: Concerns remain: Boeing’s turnaround has uneven execution, debt levels are high and valuation is elevated (P/E >100 on trailing figures), leaving shares sensitive to any operational hiccups or delivery delays. Investors appear to be trimming positions into the upbeat headlines.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BA. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. UBS Group upped their price objective on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada upped their price objective on shares of Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $259.60.
Boeing Stock Performance
The firm has a market capitalization of $179.40 billion, a price-to-earnings ratio of 110.48 and a beta of 1.13. The company has a fifty day moving average of $217.11 and a two-hundred day moving average of $217.34. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) earnings per share. As a group, equities research analysts predict that The Boeing Company will post 0.04 earnings per share for the current fiscal year.
Insider Transactions at Boeing
In related news, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the sale, the senior vice president directly owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of Boeing stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the sale, the executive vice president directly owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. The trade was a 41.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 21,012 shares of company stock valued at $4,980,687. 0.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Boeing
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BA. 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 valued at $15,413,227,000 after acquiring an additional 3,460,021 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Boeing by 245.7% in the 4th 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 in the last quarter. Janus Henderson Group PLC raised its holdings in Boeing by 43.1% in the 4th 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 in the last quarter. Viking Global Investors LP raised its holdings in Boeing by 31.3% in the 4th quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock valued at $858,294,000 after acquiring an additional 942,536 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its holdings in Boeing by 19,623.0% in the 1st quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer’s stock valued at $173,623,000 after acquiring an additional 867,925 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.
Boeing Company Profile
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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