4,187 Shares in The Boeing Company $BA Bought by Hardy Reed LLC

Hardy Reed LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,187 shares of the aircraft producer’s stock, valued at approximately $904,000.

A number of other large investors have also added to or reduced their stakes in BA. Harbor Asset Planning Inc. bought a new stake in shares of Boeing in the 2nd quarter worth approximately $25,000. Davis Capital Management purchased a new stake in Boeing in the third quarter worth $33,000. Howard Hughes Medical Institute bought a new stake in Boeing in the second quarter valued at $34,000. Centerpoint Advisors LLC increased its position in Boeing by 62.4% during the 3rd quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after purchasing an additional 63 shares during the period. Finally, Decker Retirement Planning Inc. bought a new position in Boeing in the 2nd quarter worth $35,000. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, SVP Dana S. Deasy purchased 554 shares of Boeing stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the completion of the transaction, the executive vice president owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. The trade was a 41.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

Boeing stock opened at $242.96 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The company has a market capitalization of $190.80 billion, a P/E ratio of 120.87 and a beta of 1.15. The stock’s 50 day moving average is $228.92 and its 200 day moving average is $219.35.

Boeing (NYSE:BA) last released its earnings results 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 company had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $22.41 billion. During the same period last year, the firm posted ($5.90) earnings per share. The company’s revenue was up 57.1% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BNP Paribas Exane set a $150.00 target price on shares of Boeing in a research note on Tuesday, November 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Susquehanna reissued a “positive” rating and issued a $280.00 target price on shares of Boeing in a research report on Thursday, January 15th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. Finally, Jefferies Financial Group upped their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Sunday, February 1st. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $246.14.

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.