Boeing (NYSE:BA) Stock Price Up 2.9% - Here's Why

Key Points

• Boeing shares rose 2.9% as investors reacted to a mix of upbeat headlines, with the stock trading above its prior close on heavy volume.
• Optimism was fueled by reports that CEO Kelly Ortberg may join President Trump’s China trip, which could open the door to new aircraft orders and better U.S.-China business ties.
• The company is also getting support from fresh order and defense demand, including commercial jet and training deals plus U.S. approval for Ukraine to buy up to $374 million in Boeing JDAM bomb kits.

Shares of The Boeing Company (NYSE:BA - Get Free Report) traded up 2.9% during trading on Friday . The stock traded as high as $238.54 and last traded at $237.6450. 6,987,693 shares were traded during mid-day trading, a decline of 2% from the average session volume of 7,125,766 shares. The stock had previously closed at $231.03.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg is reportedly set to join President Trump’s trip to China, raising hopes that the company could secure new aircraft orders or other business from Chinese customers. Boeing CEO Kelly Ortberg set to join Trump on China visit next week
• Positive Sentiment: Reports that Boeing may be included in the White House’s China business delegation added to optimism that the company could benefit from improved U.S.-China trade engagement and future deals. White House scales back CEO group for China trip
• Positive Sentiment: Boeing is also seeing support from fresh commercial momentum, including new jet orders and training-related deals that reinforce demand for its aircraft and services. Should Boeing’s Integrated Jet Orders and Training Deals Prompt Action From Boeing (BA) Investors?
• Positive Sentiment: The State Department approved Ukraine’s request to buy up to $374 million of Boeing JDAM bomb kits and related equipment, highlighting ongoing defense demand. Ukraine Gets Approval For Up To $374 Million Boeing Bomb Kit Purchase
• Neutral Sentiment: DP Aircraft I secured refinancing for a Boeing 787 fleet, which is not a direct Boeing win but signals continued financing activity around Boeing aircraft. DP Aircraft I Secures Long-Term Refinancing for Boeing 787 Fleet
• Negative Sentiment: Boeing’s philanthropy-related move to pull out of the Invictus Games may be viewed as a modest reputational headwind, though it appears less important than the China and order-related headlines. Boeing Stock NYSE: BA Gains After Pulling Out of Invictus Games

Analyst Ratings Changes

A number of research analysts have issued reports on BA shares. Royal Bank Of Canada lifted their price objective on Boeing from $265.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, January 28th. UBS Group upped their target price on shares of Boeing from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Tigress Financial increased their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Jefferies Financial Group reissued a "buy" rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Morgan Stanley boosted their price target on shares of Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $259.60.

Boeing Trading Up 2.9%

The business has a 50 day simple moving average of $216.90 and a 200 day simple moving average of $217.70. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The company has a market cap of $187.34 billion, a price-to-earnings ratio of 115.36 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the company earned ($0.49) EPS. The business's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

Insider Transactions at Boeing

In other news, SVP Ann M. Schmidt sold 6,281 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the transaction, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. The trade was a 31.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 1,503 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total transaction of $351,371.34. Following the completion of the sale, the executive vice president owned 19,015 shares in the company, valued at $4,445,326.70. This represents a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the third quarter valued at about $25,000. Strive Financial Group LLC bought a new position in shares of Boeing during the fourth quarter worth about $25,000. CrossGen Wealth LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new stake in Boeing in the 4th quarter valued at approximately $26,000. Finally, 1 North Wealth Services LLC bought a new stake in Boeing in the 4th quarter valued at approximately $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

About Boeing

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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