The Boeing Company (NYSE:BA) Short Interest Down 15.0% in February

The Boeing Company (NYSE:BAGet Free Report) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 11,629,515 shares, a decrease of 15.0% from the February 12th total of 13,688,808 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 5,133,220 shares, the short-interest ratio is presently 2.3 days. Based on an average daily volume of 5,133,220 shares, the short-interest ratio is presently 2.3 days. Currently, 1.5% of the shares of the stock are short sold.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Boeing Trading Up 2.5%

Shares of BA stock opened at $209.97 on Monday. Boeing has a 1-year low of $128.88 and a 1-year high of $254.35. The firm has a market cap of $164.90 billion, a PE ratio of 104.46 and a beta of 1.14. The company has a 50-day moving average of $235.19 and a two-hundred day moving average of $219.17. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. Boeing’s revenue was up 57.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($5.90) earnings per share. On average, analysts predict that Boeing will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Royal Bank Of Canada raised their price objective on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price target on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Vertical Research reaffirmed a “buy” rating and set a $281.00 price target on shares of Boeing in a research report on Tuesday, January 27th. Tigress Financial reiterated a “buy” rating and issued a $275.00 price objective on shares of Boeing in a report on Monday, December 29th. Finally, Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $246.14.

Get Our Latest Stock Analysis on Boeing

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,230 shares of the business’s stock in a transaction that occurred 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 acquisition, the director owned 4,430 shares in the company, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the transaction, the executive vice president directly owned 14,692 shares in the company, valued at $3,437,781.08. This trade represents a 41.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,012 shares of company stock worth $4,980,687 in the last three months. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BA. Measured Wealth Private Client Group LLC acquired a new position in Boeing during the 3rd quarter worth about $25,000. Strive Financial Group LLC acquired a new position in Boeing in the 4th quarter valued at about $25,000. CrossGen Wealth LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $26,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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