Boeing (NYSE:BA) Hits New 52-Week High – What’s Next?

The Boeing Company (NYSE:BAGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $249.52 and last traded at $248.9990, with a volume of 11134043 shares changing hands. The stock had previously closed at $247.68.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

Analyst Ratings Changes

Several equities research analysts have issued reports on BA shares. Citigroup lifted their target price on shares of Boeing from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. BNP Paribas Exane started coverage on shares of Boeing in a report on Tuesday, November 18th. They set an “underperform” rating and a $150.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research note on Tuesday, December 9th. Susquehanna restated a “positive” rating and set a $280.00 price target on shares of Boeing in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $237.46.

Check Out Our Latest Report on Boeing

Boeing Stock Performance

The firm has a 50-day moving average of $209.63 and a 200-day moving average of $217.42. The firm has a market capitalization of $189.26 billion, a P/E ratio of -18.20, a price-to-earnings-growth ratio of 7.05 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the prior year, the firm earned ($10.44) EPS. The business’s revenue was up 30.4% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, SVP Dana S. Deasy bought 554 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was bought at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the acquisition, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

A number of institutional investors have recently bought and sold shares of BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Sivia Capital Partners LLC lifted its position in Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after buying an additional 217 shares during the period. Diversified Trust Co boosted its holdings in shares of Boeing by 6.5% during the 2nd quarter. Diversified Trust Co now owns 2,832 shares of the aircraft producer’s stock valued at $593,000 after buying an additional 173 shares in the last quarter. CX Institutional grew its position in shares of Boeing by 21.4% in the 2nd quarter. CX Institutional now owns 5,798 shares of the aircraft producer’s stock worth $1,215,000 after buying an additional 1,021 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Boeing by 15.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 12,511 shares of the aircraft producer’s stock worth $2,621,000 after acquiring an additional 1,708 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

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.

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