Rep. David Rouzer Sells The Boeing Company (NYSE:BA) Shares

Representative David Rouzer (R-North Carolina) recently sold shares of The Boeing Company (NYSE:BA). In a filing disclosed on January 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Boeing stock on December 9th. The trade occurred in the Representative’s “INTERACTIVE BROKERS LLC” account.

Boeing Price Performance

BA opened at $227.22 on Friday. The company has a market capitalization of $172.70 billion, a price-to-earnings ratio of -16.61, a P/E/G ratio of 6.57 and a beta of 1.16. The firm’s fifty day moving average price is $203.31 and its two-hundred day moving average price is $215.53. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted ($10.44) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Institutional Investors Weigh In On Boeing

Institutional investors and hedge funds have recently modified their holdings of the stock. Wallace Advisory Group LLC raised its position in Boeing by 1.2% during the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares during the period. Aspire Capital Advisors LLC grew its position in shares of Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after buying an additional 45 shares in the last quarter. Lantz Financial LLC increased its position in Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after purchasing an additional 46 shares during the period. Blue Barn Wealth LLC increased its position in Boeing by 1.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after buying an additional 46 shares in the last quarter. Finally, N.E.W. Advisory Services LLC raised its holdings in shares of Boeing by 3.1% in the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock worth $332,000 after buying an additional 46 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dana S. Deasy acquired 554 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group set a $255.00 price target on Boeing in a research report on Tuesday, September 30th. Loop Capital set a $223.00 price objective on Boeing in a research note on Monday, November 3rd. UBS Group restated a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. Tigress Financial reiterated a “buy” rating and set a $275.00 target price on shares of Boeing in a report on Monday, December 29th. Finally, BNP Paribas Exane began coverage on shares of Boeing in a research note on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $235.33.

About Representative Rouzer

David Rouzer (Republican Party) is a member of the U.S. House, representing North Carolina’s 7th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Rouzer (Republican Party) ran for re-election to the U.S. House to represent North Carolina’s 7th Congressional District. He won in the general election on November 5, 2024.

Rouzer earned his B.A. in agricultural business management, agricultural economics, and chemistry from North Carolina State University in 1994.

Rouzer is a former employee of the College of Agriculture and Life Sciences at North Carolina State University. He has also worked as an associate administrator/rural administrator for the United States Department of Agriculture and has owned The Rouzer Company.

About Boeing

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.