Highland Capital Management LLC Purchases 4,453 Shares of The Boeing Company $BA

Highland Capital Management LLC grew its position in shares of The Boeing Company (NYSE:BA) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,322 shares of the aircraft producer’s stock after buying an additional 4,453 shares during the quarter. Highland Capital Management LLC’s holdings in Boeing were worth $11,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new stake in Boeing during the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Boeing during the second quarter worth $34,000. Decker Retirement Planning Inc. acquired a new stake in shares of Boeing in the second quarter valued at $35,000. Finally, IMG Wealth Management Inc. raised its holdings in shares of Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BA shares. BNP Paribas set a $150.00 target price on shares of Boeing in a research note on Tuesday, November 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $267.00 price target on shares of Boeing in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Loop Capital set a $223.00 price target on Boeing in a research note on Monday, November 3rd. Finally, Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.17.

Boeing Trading Up 0.5%

BA stock opened at $218.03 on Friday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The firm has a market cap of $165.72 billion, a PE ratio of -15.94 and a beta of 1.18. The business’s 50-day moving average price is $202.03 and its two-hundred day moving average price is $214.28.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) earnings per share. Boeing’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Dana S. Deasy bought 554 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the transaction, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.09% of the stock is currently owned by company insiders.

Boeing Profile

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.