Boeing (NYSE:BA) Stock: Insider David Christopher Raymond Sells 2,994 Shares

Key Points

• Boeing EVP David Raymond sold 2,994 shares at an average $174.91, totaling about $523,681; he retained 38,456 shares after the sale.
• Boeing shares traded at $171.53, below their 50-day and 200-day moving averages. Its latest quarter showed revenue up 3.9% year over year to $24.19 billion, but EPS of negative $0.34 missed analyst expectations.
• Analyst views are mixed, though MarketBeat’s consensus rating is Moderate Buy, with a $247.88 consensus price target.

The Boeing Company (NYSE:BA - Get Free Report) EVP David Raymond sold 2,994 shares of the company's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $174.91, for a total transaction of $523,680.54. Following the sale, the executive vice president directly owned 38,456 shares of the company's stock, valued at approximately $6,726,338.96. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Boeing Stock Performance

BA traded down $3.01 during trading on Thursday, hitting $171.53. The company's stock had a trading volume of 6,006,460 shares, compared to its average volume of 7,167,041. The business's 50 day simple moving average is $190.33 and its 200-day simple moving average is $214.25. The firm has a market cap of $135.93 billion, a PE ratio of 18.66 and a beta of 1.34. The Boeing Company has a one year low of $165.01 and a one year high of $254.35. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) 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 analysts' expectations of $23.95 billion. During the same quarter last year, the company earned ($7.47) earnings per share. 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 -1.84 EPS for the current fiscal year.

Key Stories Impacting Boeing

These are some of the BA stories that stood out recently:

• Positive Sentiment: A bullish long-term scenario says Boeing’s goal of generating $10 billion in free cash flow in 2029, alongside production and certification milestones, could support substantial share-price gains. That upside depends on execution. Article: $500 Invested in Boeing Today Could Be Worth This Much in 3 Years
• Neutral Sentiment: A law firm announced an investigation into possible securities-law violations involving Boeing. The announcement does not establish wrongdoing, but adds a potential legal and reputational overhang for investors. Article: Kaplan Fox Announces an Investigation
• Negative Sentiment: Recent reports highlight production delays, labor shortages and 777X setbacks, while October jet deliveries fell from the prior month and year-earlier level. These execution problems may weigh on near-term performance despite Boeing’s large backlog and defense business. Article: Boeing Stock Drops 25.6% in 3 Months Article: Boeing October Jet Deliveries Decline

Analysts Set New Price Targets

Several research firms recently issued reports on BA. Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, October 24th. Rothschild & Co Redburn upped their price target on shares of Boeing from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Jefferies Financial Group cut shares of Boeing from a "buy" rating to a "hold" rating in a research note on Wednesday, October 28th. Zacks Research cut shares of Boeing from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. Finally, Wolfe Research upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.88.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BA. Highland Investment Advisors LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $26,000. Strategic Wealth Advisors LLC bought a new position in shares of Boeing during the second quarter worth $27,000. Bell Investment Advisors Inc purchased a new position in Boeing during the second quarter valued at $29,000. Security National Bank of SO Dak purchased a new position in Boeing during the second quarter valued at $30,000. Finally, Retirement Wealth Solutions LLC increased its holdings in Boeing by 3,575.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer's stock valued at $27,000 after acquiring an additional 143 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

About Boeing

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing's defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

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