The Boeing Company (NYSE:BA – Get Free Report) Director Mortimer Buckley bought 5,820 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were acquired at an average cost of $171.55 per share, for a total transaction of $998,421.00. Following the completion of the transaction, the director owned 10,250 shares of the company’s stock, valued at approximately $1,758,387.50. The trade was a 131.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Boeing Trading Down 1.1%
NYSE:BA opened at $173.46 on Wednesday. The stock has a market cap of $137.46 billion, a price-to-earnings ratio of 18.87 and a beta of 1.34. The Boeing Company has a one year low of $165.01 and a one year high of $254.35. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.34 and a current ratio of 1.13. The business’s 50-day simple moving average is $194.60 and its 200 day simple moving average is $216.52.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The business had revenue of $24.19 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the business earned ($7.47) EPS. Boeing’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -1.72 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
BA has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Wednesday, October 28th. Barclays cut their price target on shares of Boeing from $300.00 to $250.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Zacks Research cut shares of Boeing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Wolfe Research upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Finally, Glj Research assumed coverage on shares of Boeing in a report on Wednesday, October 28th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $247.88.
Read Our Latest Report on Boeing
Key Stories Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing and Icelease agreed to convert one 767-300 into a freighter, with options for two more. The first conversion is expected to be delivered in the second quarter of 2027, adding business and demonstrating demand for Boeing’s freighter-conversion services. Boeing and Icelease Sign Agreement for up to Three 767-300 Boeing Converted Freighters
- Positive Sentiment: One outlook article argues that Boeing’s updated guidance may be conservative and that executing its plans for 2027 and beyond could give the stock upside. It also identifies 777X certification and first delivery as potential milestones that could reduce uncertainty. Where Will Boeing Stock Be by This Time Next Year?
- Neutral Sentiment: Boeing has a record reported backlog, including a substantial defense pipeline, and the 737-10 received FAA certification. However, the company continued to report losses, so the backlog and certification have yet to resolve concerns about profitability and execution. Is Defense Backlog Growth Altering The Investment Case For Boeing?
- Negative Sentiment: A report says Emirates is concerned about the long-running 777X delay. Continued schedule uncertainty could undermine customer confidence and keep pressure on Boeing’s recovery narrative. Boeing Stock Slips as Emirates Gets Concerned
- Negative Sentiment: Separate articles note that Boeing pushed back its 737 MAX production and delivery ramp, highlighting the ongoing risk that execution delays could hinder its recovery. Where Will Boeing Stock Be by This Time Next Year?
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of BA. Howe & Rusling Inc. grew its stake in shares of Boeing by 2.5% in the 1st quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock valued at $403,000 after buying an additional 49 shares in the last quarter. Paul R. Ried Financial Group LLC increased its holdings in Boeing by 0.3% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after buying an additional 49 shares during the last quarter. Sage Rhino Capital LLC increased its holdings in Boeing by 0.9% in the first quarter. Sage Rhino Capital LLC now owns 5,360 shares of the aircraft producer’s stock worth $1,067,000 after buying an additional 50 shares during the last quarter. BlueChip Wealth Advisors LLC raised its position in Boeing by 2.6% during the first quarter. BlueChip Wealth Advisors LLC now owns 1,945 shares of the aircraft producer’s stock valued at $381,000 after acquiring an additional 50 shares in the last quarter. Finally, Enterprise Financial Services Corp raised its position in Boeing by 1.8% during the first quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer’s stock valued at $561,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.
Boeing Company Profile
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.
Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.
Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.
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