Boeing Co (NYSE:BA) EVP Kevin G. Mcallister sold 12,637 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $398.27, for a total value of $5,032,937.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NYSE BA opened at $410.72 on Wednesday. Boeing Co has a 52 week low of $292.47 and a 52 week high of $413.88. The stock has a market cap of $229.94 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.52 by $0.96. The firm had revenue of $28.34 billion during the quarter, compared to analyst estimates of $26.76 billion. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.04 EPS. Sell-side analysts forecast that Boeing Co will post 20.14 EPS for the current fiscal year.
Boeing announced that its board has initiated a stock buyback program on Monday, December 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the aircraft producer to purchase up to 11.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
A number of institutional investors have recently added to or reduced their stakes in the stock. Ironwood Financial llc bought a new position in Boeing in the 4th quarter worth approximately $32,000. Next Capital Management LLC bought a new position in Boeing in the 4th quarter worth approximately $32,000. Proffitt & Goodson Inc. boosted its stake in Boeing by 1,371.4% in the 4th quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock worth $33,000 after purchasing an additional 96 shares during the period. 1 North Wealth Services LLC bought a new position in Boeing in the 4th quarter worth approximately $40,000. Finally, Contravisory Investment Management Inc. boosted its stake in Boeing by 159.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 140 shares of the aircraft producer’s stock worth $45,000 after purchasing an additional 86 shares during the period. 76.86% of the stock is owned by institutional investors.
BA has been the subject of a number of recent analyst reports. Goldman Sachs Group set a $387.00 target price on Boeing and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Jefferies Financial Group boosted their target price on Boeing from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, October 25th. Societe Generale set a $409.00 target price on Boeing and gave the stock a “buy” rating in a research report on Thursday, October 25th. Argus reissued a “fair value” rating and issued a $395.00 target price on shares of Boeing in a research report on Thursday, October 25th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $360.00 target price (up previously from $350.00) on shares of Boeing in a research report on Thursday, October 25th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Boeing presently has an average rating of “Buy” and a consensus target price of $413.27.
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Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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