Boeing Co (NYSE:BA) shares hit a new 52-week high during trading on Friday . The stock traded as high as $264.26 and last traded at $264.69, with a volume of 3,368,708 shares. The stock had previously closed at $259.04.

Several research analysts have recently commented on the stock. Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $253.54 price target on the stock. in a research note on Thursday, October 12th. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 target price on shares of Boeing in a research note on Thursday, October 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Boeing in a research note on Friday, October 6th. Cowen and Company reiterated a “buy” rating and issued a $315.00 target price on shares of Boeing in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $289.00 target price on the stock in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $241.19.

The stock’s 50-day moving average is $251.85 and its 200 day moving average is $214.57. The stock has a market capitalization of $156.49 billion, a PE ratio of 23.20 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same period in the prior year, the company earned ($0.44) EPS. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, analysts predict that Boeing Co will post $10.04 earnings per share for the current fiscal year.

In related news, CFO Gregory D. Smith sold 19,757 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the completion of the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the sale, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock valued at $20,353,814 in the last ninety days. 0.28% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Perspective Advisors LLC lifted its holdings in shares of Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Boeing by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after acquiring an additional 402 shares during the last quarter. CWH Capital Management Inc. bought a new position in shares of Boeing in the second quarter worth about $134,000. Catamount Wealth Management bought a new position in shares of Boeing in the second quarter worth about $138,000. Finally, MCF Advisors LLC lifted its holdings in shares of Boeing by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after acquiring an additional 62 shares during the last quarter. 72.14% of the stock is owned by institutional investors and hedge funds.

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Boeing Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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