Key Points
- Boeing director Steven Mollenkopf bought 2,950 shares at an average price of $173.03, a purchase worth about $510,439 that increased his stake by 78.31%.
- Boeing’s quarterly revenue rose 3.9% year over year to $24.19 billion, beating estimates, but its loss of $0.34 per share was wider than analysts expected.
- Recovery risks remain, including delays to the 737 MAX production ramp and 777X schedule uncertainty; analysts’ consensus rating is “Moderate Buy,” with a $247.88 average price target.
The Boeing Company (NYSE:BA - Get Free Report) Director Steven Mollenkopf purchased 2,950 shares of the firm's stock in a transaction on Friday, October 30th. The stock was bought at an average cost of $173.03 per share, with a total value of $510,438.50. Following the completion of the purchase, the director owned 6,717 shares of the company's stock, valued at approximately $1,162,242.51. This represents a 78.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Boeing Price Performance
BA stock opened at $173.46 on Wednesday. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The company's 50-day moving average is $194.60 and its 200-day moving average is $216.52. The stock has a market capitalization of $137.46 billion, a PE ratio of 18.87 and a beta of 1.34. The Boeing Company has a 1 year low of $165.01 and a 1 year high of $254.35.
Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.09). Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The firm had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period in the previous year, the firm earned ($7.47) earnings per share. The business's quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -1.72 EPS for the current fiscal year.
Boeing News Summary
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing and Icelease agreed to convert one 767-300 into a freighter, with options for two more. The first conversion is expected to be delivered in the second quarter of 2027, adding business and demonstrating demand for Boeing’s freighter-conversion services. Boeing and Icelease Sign Agreement for up to Three 767-300 Boeing Converted Freighters
- Positive Sentiment: One outlook article argues that Boeing’s updated guidance may be conservative and that executing its plans for 2027 and beyond could give the stock upside. It also identifies 777X certification and first delivery as potential milestones that could reduce uncertainty. Where Will Boeing Stock Be by This Time Next Year?
- Neutral Sentiment: Boeing has a record reported backlog, including a substantial defense pipeline, and the 737-10 received FAA certification. However, the company continued to report losses, so the backlog and certification have yet to resolve concerns about profitability and execution. Is Defense Backlog Growth Altering The Investment Case For Boeing?
- Negative Sentiment: A report says Emirates is concerned about the long-running 777X delay. Continued schedule uncertainty could undermine customer confidence and keep pressure on Boeing’s recovery narrative. Boeing Stock Slips as Emirates Gets Concerned
- Negative Sentiment: Separate articles note that Boeing pushed back its 737 MAX production and delivery ramp, highlighting the ongoing risk that execution delays could hinder its recovery. Where Will Boeing Stock Be by This Time Next Year?
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Edgemoor Investment Advisors Inc. grew its stake in shares of Boeing by 68.4% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 19,070 shares of the aircraft producer's stock worth $3,548,000 after acquiring an additional 7,748 shares in the last quarter. M Holdings Securities Inc. purchased a new stake in shares of Boeing in the third quarter valued at about $715,000. Kimelman & Baird LLC raised its holdings in shares of Boeing by 1.7% in the third quarter. Kimelman & Baird LLC now owns 119,720 shares of the aircraft producer's stock valued at $22,274,000 after purchasing an additional 2,014 shares during the last quarter. American State Bank Iowa lifted its position in shares of Boeing by 6.2% during the third quarter. American State Bank Iowa now owns 12,643 shares of the aircraft producer's stock valued at $2,352,000 after purchasing an additional 733 shares in the last quarter. Finally, Ethic Inc. lifted its position in shares of Boeing by 4.1% during the third quarter. Ethic Inc. now owns 19,013 shares of the aircraft producer's stock valued at $3,537,000 after purchasing an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.
Analyst Ratings Changes
BA has been the subject of several recent research reports. Langenberg & Company set a $250.00 price objective on Boeing in a report on Tuesday, October 27th. Scotiabank raised Boeing to an "outperform" rating in a research report on Wednesday, October 28th. Bank of America reiterated a "buy" rating and issued a $270.00 target price on shares of Boeing in a report on Friday, September 18th. Rothschild & Co Redburn upped their price objective on shares of Boeing from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, BNP Paribas Exane raised shares of Boeing to a "neutral" rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $247.88.
Get Our Latest Analysis on BA
About Boeing
(
Get Free Report)
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.
Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.
Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.
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