The Boeing Company (NYSE:BA) Short Interest Update

The Boeing Company (NYSE:BAGet Free Report) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 11,629,515 shares, a decline of 15.0% from the February 12th total of 13,688,808 shares. Based on an average daily volume of 5,133,220 shares, the short-interest ratio is presently 2.3 days. Currently, 1.5% of the company’s stock are sold short. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 5,133,220 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Tigress Financial reaffirmed a “buy” rating and issued a $275.00 price target on shares of Boeing in a report on Monday, December 29th. Wolfe Research reiterated an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Weiss Ratings upgraded Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their target price on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.14.

Read Our Latest Research Report on BA

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Insider Activity

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction dated Tuesday, February 17th. The shares were 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 represents a 31.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director directly owned 4,430 shares in the company, valued at approximately $993,206. This represents a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Boeing

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $26,000. CrossGen Wealth LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing during the fourth quarter worth $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 1.2%

Shares of NYSE BA traded down $2.57 during midday trading on Tuesday, reaching $210.90. 7,296,357 shares of the stock were exchanged, compared to its average volume of 6,636,369. The stock has a market capitalization of $165.63 billion, a P/E ratio of 104.93 and a beta of 1.14. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The company has a 50 day simple moving average of $234.52 and a 200 day simple moving average of $218.84. Boeing has a twelve month low of $128.88 and a twelve month high of $254.35.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. The company’s revenue was up 57.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($5.90) earnings per share. As a group, equities analysts expect that Boeing will post -2.58 earnings per share for the current year.

Boeing Company Profile

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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.

Further Reading

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