The Boeing Company $BA Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its stake in The Boeing Company (NYSE:BAFree Report) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,369,615 shares of the aircraft producer’s stock after buying an additional 223,995 shares during the quarter. Legal & General Group Plc owned 0.44% of Boeing worth $727,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Reyes Financial Architecture Inc. purchased a new stake in Boeing in the 3rd quarter worth approximately $32,000. Davis Capital Management purchased a new stake in Boeing during the third quarter worth $33,000. Howard Hughes Medical Institute acquired a new stake in Boeing during the second quarter valued at $34,000. Centerpoint Advisors LLC increased its holdings in Boeing by 62.4% in the third quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after buying an additional 63 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Boeing in the third quarter worth about $45,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 2.7%

Shares of BA opened at $224.84 on Tuesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35. The firm has a market capitalization of $176.58 billion, a P/E ratio of 111.86 and a beta of 1.14. The firm has a 50-day moving average price of $235.85 and a 200 day moving average price of $219.73. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BA. Weiss Ratings upgraded Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Boeing in a research note on Tuesday, December 9th. TD Cowen reissued a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. UBS Group upped their price objective on shares of Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Argus upgraded shares of Boeing to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

Get Our Latest Report on BA

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Insiders Place Their Bets

In related news, EVP Howard E. Mckenzie sold 10,497 shares of the 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 completion of the transaction, the executive vice president directly owned 14,692 shares in the company, valued at approximately $3,437,781.08. This represents a 41.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of Boeing stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. Insiders own 0.09% of the company’s stock.

Boeing Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.