NorthRock Partners LLC Has $5.28 Million Stake in The Boeing Company $BA

NorthRock Partners LLC increased its stake in The Boeing Company (NYSE:BAFree Report) by 37.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,450 shares of the aircraft producer’s stock after acquiring an additional 6,636 shares during the quarter. NorthRock Partners LLC’s holdings in Boeing were worth $5,277,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BA. Reyes Financial Architecture Inc. acquired a new stake in Boeing in the third quarter worth $32,000. Davis Capital Management acquired a new stake in shares of Boeing in the 3rd quarter valued at about $33,000. Howard Hughes Medical Institute acquired a new stake in shares of Boeing in the 2nd quarter valued at about $34,000. Centerpoint Advisors LLC increased its position in Boeing by 62.4% in the 3rd quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after buying an additional 63 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Boeing during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several recent research reports. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. BNP Paribas Exane set a $150.00 price target on shares of Boeing in a research note on Tuesday, November 18th. Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Susquehanna reiterated a “positive” rating and set a $280.00 price objective on shares of Boeing in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $246.14.

Get Our Latest Stock Analysis on BA

Boeing Stock Up 2.5%

Shares of NYSE:BA opened at $209.97 on Friday. The business’s 50 day moving average is $235.19 and its 200 day moving average is $219.39. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35. The stock has a market cap of $164.90 billion, a price-to-earnings ratio of 104.46 and a beta of 1.14. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. During the same quarter in the prior year, the company earned ($5.90) EPS. The business’s revenue for the quarter was up 57.1% on a year-over-year basis. On average, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Trending Headlines about Boeing

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Insider Activity

In other Boeing news, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the completion of the sale, the executive vice president owned 14,692 shares in the company, valued at approximately $3,437,781.08. This trade represents a 41.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director owned 4,430 shares in the company, valued at approximately $993,206. This represents a 101.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 21,012 shares of company stock valued at $4,980,687. 0.09% of the stock is currently owned by company insiders.

Boeing Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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