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

The Boeing Company (NYSE:BAGet Free Report) Director Mortimer Buckley bought 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Boeing Stock Performance

Boeing stock traded down $5.30 during trading hours on Thursday, hitting $222.01. The stock had a trading volume of 7,176,419 shares, compared to its average volume of 7,356,357. The company has a 50-day moving average of $235.33 and a two-hundred day moving average of $219.80. 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 cap of $174.35 billion, a PE ratio of 110.45 and a beta of 1.14. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $254.35.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share 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 analyst estimates of $22.41 billion. Boeing’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($5.90) EPS. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Hedge Funds Weigh In On Boeing

Several institutional investors have recently bought and sold shares of the business. Revolve Wealth Partners LLC acquired a new position in Boeing during the 4th quarter worth about $201,000. Sivia Capital Partners LLC lifted its position in shares of Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 217 shares in the last quarter. Assetmark Inc. lifted its position in shares of Boeing by 142.8% during the second quarter. Assetmark Inc. now owns 5,939 shares of the aircraft producer’s stock worth $1,244,000 after purchasing an additional 3,493 shares in the last quarter. Burney Co. grew its stake in shares of Boeing by 1.5% during the second quarter. Burney Co. now owns 6,290 shares of the aircraft producer’s stock valued at $1,318,000 after purchasing an additional 92 shares during the last quarter. Finally, Prosperity Consulting Group LLC increased its holdings in shares of Boeing by 19.6% in the second quarter. Prosperity Consulting Group LLC now owns 1,412 shares of the aircraft producer’s stock valued at $296,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada lifted their price objective on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Vertical Research reiterated a “buy” rating and issued a $281.00 price objective on shares of Boeing in a research note on Tuesday, January 27th. New Street Research set a $257.00 target price on Boeing in a research report on Tuesday, December 9th. Finally, UBS Group boosted their price target on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.14.

Check Out Our Latest Stock Report on Boeing

About Boeing

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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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