Key Points
- Boeing director Bradley Tilden bought 1,370 shares on May 20 at an average price of $218.50, a transaction worth about $299,345, according to an SEC filing.
- The purchase comes amid generally positive sentiment around Boeing, including a reported 200-aircraft order from China and Citi raising its price target to $260.
- Boeing recently beat earnings expectations, reporting -$0.20 EPS versus the expected -$0.68, while revenue rose 14% year over year to $22.22 billion.
The Boeing Company (NYSE:BA - Get Free Report) Director Bradley Tilden purchased 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Boeing Price Performance
NYSE BA opened at $219.18 on Friday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The business's fifty day moving average price is $217.34 and its 200-day moving average price is $218.62. The stock has a market capitalization of $172.78 billion, a price-to-earnings ratio of 106.40 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.
Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the prior year, the business posted ($0.49) earnings per share. Boeing's revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -0.15 earnings per share for the current year.
More Boeing News
Here are the key news stories impacting Boeing this week:
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 target price on the stock. Citigroup raised their target price on Boeing from $256.00 to $260.00 and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada raised their target price on Boeing from $265.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. raised their target price on Boeing from $245.00 to $270.00 and gave the stock an "overweight" rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and a consensus target price of $259.80.
View Our Latest Report on Boeing
Institutional Investors Weigh In On Boeing
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Groupama Asset Managment bought a new stake in Boeing during the first quarter valued at about $501,000. WNY Asset Management LLC bought a new stake in Boeing during the first quarter valued at about $562,000. Segall Bryant & Hamill LLC bought a new stake in Boeing during the first quarter valued at about $7,945,000. Compass Capital Management Inc. raised its holdings in Boeing by 5.1% during the first quarter. Compass Capital Management Inc. now owns 53,900 shares of the aircraft producer's stock valued at $10,728,000 after acquiring an additional 2,610 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in Boeing during the first quarter valued at about $98,000. 64.82% of the stock is owned by institutional investors.
About Boeing
(
Get Free Report)
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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