Grandfield & Dodd LLC Purchases New Position in The Boeing Company $BA

Grandfield & Dodd LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 71,312 shares of the aircraft producer's stock, valued at approximately $15,437,000.

A number of other large investors also recently modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the 3rd quarter valued at $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing in the 4th quarter worth about $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the fourth quarter worth approximately $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Boeing during the fourth quarter valued at about $27,000. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares of the company's stock, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. Morgan Stanley raised their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their target price on Boeing from $270.00 to $290.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Royal Bank Of Canada reduced their target price on shares of Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. Sanford C. Bernstein initiated coverage on Boeing in a research report on Tuesday, August 11th. They set an "outperform" rating for the company. Finally, William Blair restated an "outperform" rating on shares of Boeing in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $272.58.

Boeing Stock Down 2.2%

Boeing stock opened at $226.48 on Tuesday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The stock has a market cap of $179.00 billion, a PE ratio of 98.04 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The stock has a fifty day moving average of $221.91 and a 200 day moving average of $222.66.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business had revenue of $24.56 billion during the quarter, compared to analysts' expectations of $24.26 billion. During the same period in the previous year, the business posted ($1.24) EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -0.87 EPS for the current year.

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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