Boeing Co. (BA) Shares Gap Up to $129.90
Boeing Co. (NYSE:BA) gapped up before the market opened on Friday . The stock had previously closed at $129.21, but opened at $129.90. Boeing shares last traded at $131.03, with a volume of 1,357,957 shares trading hands.
A number of equities research analysts have recently weighed in on BA shares. Drexel Hamilton reaffirmed a “buy” rating on shares of Boeing in a report on Thursday, May 12th. Vetr raised Boeing from a “hold” rating to a “buy” rating and set a $138.41 price target on the stock in a report on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating on shares of Boeing in a report on Sunday, May 22nd. Sterne Agee CRT reaffirmed a “buy” rating on shares of Boeing in a report on Monday, May 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $160.00 price target on shares of Boeing in a report on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $149.74.
The firm has a 50-day moving average price of $133.09 and a 200-day moving average price of $129.50. The stock has a market capitalization of $81.82 billion and a PE ratio of 23.61.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.48. The firm earned $24.80 million during the quarter, compared to analyst estimates of $23.22 million. During the same quarter last year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts expect that Boeing Co. will post $6.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 12th will be issued a $1.09 dividend. The ex-dividend date is Wednesday, August 10th. This represents a $4.36 annualized dividend and a yield of 3.32%.
In related news, SVP Diana L. Sands sold 14,151 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $133.06, for a total value of $1,882,932.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Randall L. Stephenson bought 1,871 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was acquired at an average cost of $133.89 per share, with a total value of $250,508.19. Following the transaction, the director now owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The disclosure for this purchase can be found here.
A number of hedge funds and institutional investors have added to or reduced their stakes in BA. Homrich & Berg increased its position in Boeing by 10.9% in the fourth quarter. Homrich & Berg now owns 9,235 shares of the aircraft producer’s stock worth $1,335,000 after buying an additional 908 shares during the period. Frontier Investment Mgmt Co. boosted its stake in shares of Boeing by 2.2% in the fourth quarter. Frontier Investment Mgmt Co. now owns 17,212 shares of the aircraft producer’s stock worth $2,489,000 after buying an additional 363 shares in the last quarter. Matarin Capital Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth approximately $2,515,000. Stephens Inc. AR boosted its stake in shares of Boeing by 1.9% in the fourth quarter. Stephens Inc. AR now owns 23,606 shares of the aircraft producer’s stock worth $3,413,000 after buying an additional 435 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Boeing by 62.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,100 shares of the aircraft producer’s stock worth $4,786,000 after buying an additional 12,700 shares in the last quarter.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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