Boeing (NYSE:BA) Stock: Insider Mortimer Buckley Purchases 5,820 Shares

The Boeing Company (NYSE:BA) Director Mortimer Buckley acquired 5,820 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of $171.55 per share, with a total value of $998,421.00. Following the completion of the purchase, the director owned 10,250 shares in the company, valued at $1,758,387.50. The trade was a 131.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Boeing Price Performance

Shares of NYSE BA opened at $176.88 on Thursday. The Boeing Company has a 1-year low of $165.01 and a 1-year high of $254.35. 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 business’s fifty day moving average price is $193.91 and its two-hundred day moving average price is $216.17. The firm has a market capitalization of $140.17 billion, a PE ratio of 19.25 and a beta of 1.34.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (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 company had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the previous year, the business posted ($7.47) earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -1.72 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. William Blair reissued an “outperform” rating on shares of Boeing in a research note on Wednesday, September 30th. Wolfe Research upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Scotiabank raised Boeing to an “outperform” rating in a report on Wednesday, October 28th. Finally, BNP Paribas Exane upgraded Boeing to a “neutral” rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $247.88.

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently bought and sold shares of the business. Highland Investment Advisors LLC purchased a new position in Boeing during the second quarter valued at approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing in the 2nd quarter worth approximately $27,000. Bell Investment Advisors Inc purchased a new stake in Boeing in the 2nd quarter worth approximately $29,000. Security National Bank of SO Dak purchased a new stake in Boeing in the 2nd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC boosted its stake in shares of Boeing by 3,575.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock valued at $27,000 after buying an additional 143 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon finalized an order for 140 Boeing 737-10 jets, a record 737 MAX purchase by a lessor. The deal lifts Avolon’s 737 MAX backlog above 240 aircraft and underscores demand for Boeing’s single-aisle jets. Avolon Finalizes Order for 140 Boeing 737-10 Jets
• Positive Sentiment: Two Boeing directors bought about $1.51 million of shares after the recent earnings report: Mortimer Buckley purchased 5,820 shares and Steven Mollenkopf bought 2,950. The insider buying may signal confidence in the company’s recovery, although it does not guarantee improved results. Boeing Chairman and Former Vanguard CEO Buy $1.51 Million in Stock
• Neutral Sentiment: Coverage described a mixed day for Boeing, with fuel-tank inspection concerns counterbalanced by new orders. The available report details do not specify the scope or likely financial impact of the inspections. Fuel Tank Inspections, New Orders Send Boeing Stock Rising
• Negative Sentiment: Boeing’s recovery still faces execution risks: its 737 MAX production ramp has been pushed back, while Emirates has voiced concern about the delayed 777X. Further schedule setbacks could postpone deliveries and revenue. Boeing Stock Slips as Emirates Gets Concerned

About Boeing

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.