Boeing (NYSE:BA) Stock Price Up 3.2% - What's Next?

The Boeing Company (NYSE:BA - Get Free Report) shares traded up 3.2% during trading on Thursday . The stock traded as high as $212.28 and last traded at $207.85. 8,206,095 shares traded hands during trading, a decline of 10% from the average session volume of 9,157,425 shares. The stock had previously closed at $201.50.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Citigroup reiterated a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Finally, Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Stock Up 2.7%

The business has a 50 day moving average of $177.81 and a 200 day moving average of $171.40. The firm has a market cap of $156.00 billion, a price-to-earnings ratio of -11.33 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter last year, the firm earned ($1.13) EPS. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock valued at $1,511,370 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. American National Bank & Trust grew its position in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter worth $28,000. HighMark Wealth Management LLC raised its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. Finally, REAP Financial Group LLC raised its stake in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

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