Boeing (NYSE:BA) Stock: Insider Steven Mollenkopf Purchases 2,950 Shares

Key Points

• Director Steven Mollenkopf bought 2,950 Boeing shares at an average price of $173.03, increasing his direct stake by 78.31% to 6,717 shares.
• Boeing’s latest quarter showed mixed results: revenue of $24.19 billion exceeded estimates and rose 3.9% year over year, but adjusted EPS of ($0.34) missed the consensus estimate of ($0.25).
• Analysts’ consensus rating is Moderate Buy, with a $247.88 average price target, though reports cited risks from production delays and uncertainty around the 777X program.

The Boeing Company (NYSE:BA - Get Free Report) Director Steven Mollenkopf acquired 2,950 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the completion of the purchase, the director directly owned 6,717 shares of the company's stock, valued at $1,162,242.51. The trade was a 78.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Boeing Trading Down 1.1%

BA traded down $1.94 during trading on Tuesday, hitting $173.46. 6,962,453 shares of the stock traded hands, compared to its average volume of 10,034,751. The business has a 50 day moving average price of $194.60 and a 200 day moving average price of $216.52. 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 Boeing Company has a twelve month low of $165.01 and a twelve month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued 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 net margin of 7.98% and a negative return on equity of 42.40%. The business had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the previous 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 anticipate that The Boeing Company will post -1.72 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jupiter Topco LLC acquired a new stake in Boeing in the second quarter valued at $911,878,000. Bank of New York Mellon Corp bought a new position in Boeing during the 2nd quarter worth $747,763,000. Legal & General Group Plc acquired a new position in Boeing during the 2nd quarter worth about $710,816,000. Deutsche Bank AG acquired a new position in Boeing during the 2nd quarter worth about $539,456,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Boeing in the 2nd quarter valued at about $441,997,000. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BA. The Goldman Sachs Group reiterated a "buy" rating and issued a $238.00 target price on shares of Boeing in a research report on Wednesday, October 28th. William Blair restated an "outperform" rating on shares of Boeing in a research note on Wednesday, September 30th. Susquehanna assumed coverage on shares of Boeing in a research note on Wednesday, October 28th. They issued a "positive" rating and a $250.00 price target on the stock. Oppenheimer lowered shares of Boeing to a "market perform" rating in a report on Wednesday, October 28th. Finally, Citigroup cut shares of Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $247.88.

Boeing News Roundup

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?

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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