Mortimer Buckley Purchases 2,230 Shares of Boeing (NYSE:BA) Stock

The Boeing Company (NYSE:BAGet Free Report) Director Mortimer Buckley bought 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares of the company’s stock, valued at $993,206. This represents a 101.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Boeing Stock Up 4.1%

Shares of BA opened at $231.12 on Friday. The firm has a market cap of $181.51 billion, a P/E ratio of 114.99 and a beta of 1.14. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $254.35. The stock’s 50 day moving average is $235.70 and its two-hundred day moving average is $219.81. 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 posted its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping the consensus estimate 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. Boeing’s quarterly revenue was up 57.1% on a year-over-year basis. During the same quarter last year, the firm posted ($5.90) earnings per share. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

Analyst Upgrades and Downgrades

BA has been the topic of several research reports. Weiss Ratings raised Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Argus upgraded shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. New Street Research set a $257.00 price target on shares of Boeing in a research report on Tuesday, December 9th. Susquehanna reissued a “positive” rating and issued a $280.00 price objective on shares of Boeing in a research note on Thursday, January 15th. Finally, Tigress Financial restated a “buy” rating and issued a $275.00 price objective on shares of Boeing in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $246.14.

View Our Latest Stock Analysis on BA

Institutional Investors Weigh In On Boeing

Several hedge funds have recently made changes to their positions in BA. Vanguard Group Inc. raised its position in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC boosted its position in shares of Boeing by 1.0% during the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after purchasing an additional 286,848 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Boeing by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after purchasing an additional 533,753 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Boeing by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after purchasing an additional 135,860 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock valued at $948,905,000 after purchasing an additional 138,469 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.

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Insider Buying and Selling by Quarter for Boeing (NYSE:BA)

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