The Boeing Company (NYSE:BA – Get Free Report) Director Steven Mollenkopf acquired 2,950 shares of the stock in a transaction on Friday, October 30th. The stock was bought at an average price of $173.03 per share, with a total value of $510,438.50. Following the transaction, the director directly owned 6,717 shares in the company, valued at approximately $1,162,242.51. This represents a 78.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Boeing Trading Down 2.5%
Shares of Boeing stock opened at $172.62 on Friday. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The firm has a 50 day simple moving average of $193.12 and a 200 day simple moving average of $215.79. The Boeing Company has a fifty-two week low of $165.01 and a fifty-two week high of $254.35.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) EPS 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 firm had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the previous year, the business posted ($7.47) earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts anticipate that The Boeing Company will post -1.76 earnings per share for the current fiscal year.
Key Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Avolon finalized an order for 140 Boeing 737-10 jets, a record MAX-family purchase by a lessor. The deal adds to Boeing’s backlog and signals continued demand for its narrowbody aircraft. Boeing Has the Orders, the Cash Flow, and Insider Buyers, But What’s Still Missing?
- Positive Sentiment: Two directors bought about $1.51 million of Boeing shares after the stock’s decline, a signal of insider confidence. Boeing also generated $464 million in free cash flow in the latest quarter, supporting hopes for a gradual recovery. These Boeing Directors Just Bought Shares. Here’s What Wall Street Thinks.
- Neutral Sentiment: Analysts remain broadly optimistic, but the recovery depends on Boeing converting its large backlog into timely deliveries. The company’s production targets have slipped, with stabilization of 737 MAX output now expected in 2027. Do Wall Street Analysts Like Boeing Company Stock?
- Neutral Sentiment: A law firm announced an investigation into potential securities-law violations. The notice does not establish wrongdoing, but adds a legal headline investors may monitor. Kaplan Fox Announces Investigation
- Negative Sentiment: The FAA’s focus on the 787 Dreamliner’s wings raises fresh concerns about quality oversight and possible inspection or production disruption, weighing on confidence in Boeing’s execution. FAA Scrutiny of Dreamliner Wings
- Negative Sentiment: Boeing’s latest quarterly loss per share was larger than analysts expected, while production delays and the extended 777X timeline keep execution and profitability risks in focus. Caught Out By Boeing’s Slide? Here’s What The Bears Saw
Institutional Trading of Boeing
Several hedge funds have recently added to or reduced their stakes in the business. Jupiter Topco LLC bought a new position in shares of Boeing during the 2nd quarter worth approximately $911,878,000. Bank of New York Mellon Corp acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $747,763,000. Legal & General Group Plc bought a new stake in shares of Boeing in the 2nd quarter valued at $710,816,000. Deutsche Bank AG bought a new stake in shares of Boeing in the 2nd quarter valued at $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Boeing in the 2nd quarter valued at $441,997,000. Institutional investors and hedge funds own 64.82% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Tigress Financial upped their target price on shares of Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Rothschild & Co Redburn increased their price target on Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Sanford C. Bernstein reduced their price target on Boeing from $278.00 to $223.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Robert W. Baird decreased their price objective on Boeing from $300.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Finally, Wolfe Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $247.88.
Read Our Latest Stock Analysis on Boeing
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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