Boeing (NYSE:BA) Director Acquires $998,421.00 in Stock

Key Points

• Director Mortimer Buckley bought 5,820 Boeing shares for about $998,421 at $171.55 each, increasing his holdings by 131% to 10,250 shares.
• Boeing’s latest quarterly revenue rose 3.9% year over year to $24.19 billion, beating expectations, but its loss of $0.34 per share was worse than analysts’ forecast of a $0.25 loss.
• Analysts’ consensus rating is “Moderate Buy,” with a $247.88 average price target, though continued 777X and 737 MAX schedule delays remain risks to the company’s recovery.

The Boeing Company (NYSE:BA - Get Free Report) Director Mortimer Buckley bought 5,820 shares of the firm's stock in a transaction on Friday, October 30th. The stock was 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 of the company's stock, valued at $1,758,387.50. This trade represents a 131.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Boeing Stock Performance

Shares of NYSE:BA traded down $1.94 during trading on Tuesday, hitting $173.46. 6,962,453 shares of the company traded hands, compared to its average volume of 10,034,751. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31. The business's fifty day moving average is $194.60 and its 200-day moving average is $216.52. The Boeing Company has a one year low of $165.01 and a one year high of $254.35.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The company had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period last year, the business posted ($7.47) EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -1.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Needham & Company LLC initiated coverage on shares of Boeing in a research note on Wednesday, October 28th. They set a "hold" rating for the company. BNP Paribas Exane upgraded shares of Boeing to a "neutral" rating in a research note on Wednesday, October 28th. Tigress Financial lifted their price target on Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Royal Bank Of Canada reiterated an "outperform" rating and set a $235.00 price objective on shares of Boeing in a research report on Monday, October 26th. Finally, Wells Fargo & Company decreased their price objective on Boeing from $250.00 to $210.00 and set an "overweight" rating for the company in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $247.88.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing and Icelease agreed to convert one 767-300 into a freighter, with options for two more. The first conversion is expected to be delivered in the second quarter of 2027, adding business and demonstrating demand for Boeing’s freighter-conversion services. Boeing and Icelease Sign Agreement for up to Three 767-300 Boeing Converted Freighters
• Positive Sentiment: One outlook article argues that Boeing’s updated guidance may be conservative and that executing its plans for 2027 and beyond could give the stock upside. It also identifies 777X certification and first delivery as potential milestones that could reduce uncertainty. Where Will Boeing Stock Be by This Time Next Year?
• Neutral Sentiment: Boeing has a record reported backlog, including a substantial defense pipeline, and the 737-10 received FAA certification. However, the company continued to report losses, so the backlog and certification have yet to resolve concerns about profitability and execution. Is Defense Backlog Growth Altering The Investment Case For Boeing?
• Negative Sentiment: A report says Emirates is concerned about the long-running 777X delay. Continued schedule uncertainty could undermine customer confidence and keep pressure on Boeing’s recovery narrative. Boeing Stock Slips as Emirates Gets Concerned
• Negative Sentiment: Separate articles note that Boeing pushed back its 737 MAX production and delivery ramp, highlighting the ongoing risk that execution delays could hinder its recovery. Where Will Boeing Stock Be by This Time Next Year?

Institutional Investors Weigh In On Boeing

Several institutional investors have recently bought and sold shares of BA. Jupiter Topco LLC bought a new position in shares of Boeing in the second quarter valued at approximately $911,878,000. Bank of New York Mellon Corp acquired a new position in shares of Boeing during the second quarter valued at approximately $747,763,000. Legal & General Group Plc bought a new stake in Boeing during the second quarter worth approximately $710,816,000. Deutsche Bank AG bought a new stake in Boeing during the second quarter worth approximately $539,456,000. Finally, Swiss National Bank raised its holdings in Boeing by 7.6% during the first quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer's stock worth $457,386,000 after purchasing an additional 163,000 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

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.

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