Westover Capital Advisors LLC Purchases New Holdings in The Boeing Company $BA

Westover Capital Advisors LLC acquired a new position in The Boeing Company (NYSE:BA) during the 3rd quarter, HoldingsChannel reports. The fund acquired 2,200 shares of the aircraft producer’s stock, valued at approximately $475,000.

Other large investors also recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing in the second quarter worth approximately $25,000. Davis Capital Management acquired a new position in Boeing in the 3rd quarter valued at $33,000. Howard Hughes Medical Institute purchased a new position in Boeing in the 2nd quarter valued at $34,000. Decker Retirement Planning Inc. acquired a new stake in Boeing during the 2nd quarter worth $35,000. Finally, Centerpoint Advisors LLC boosted its stake in Boeing by 62.4% during the 3rd quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock worth $35,000 after purchasing an additional 63 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other Boeing news, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the completion of the transaction, the executive vice president owned 14,692 shares of the company’s stock, valued at $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 2,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $236.00, for a total transaction of $644,516.00. Following the completion of the sale, the executive vice president directly owned 11,925 shares in the company, valued at $2,814,300. This trade represents a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.09% of the company’s stock.

Boeing Stock Down 2.4%

Shares of NYSE BA opened at $236.65 on Thursday. The company has a market capitalization of $185.85 billion, a P/E ratio of 117.74 and a beta of 1.15. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The company has a 50 day simple moving average of $227.35 and a 200-day simple moving average of $219.21. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. The company’s revenue was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($5.90) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Tigress Financial reiterated a “buy” rating and issued a $275.00 price objective on shares of Boeing in a report on Monday, December 29th. UBS Group boosted their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. BNP Paribas Exane set a $150.00 price target on Boeing in a research report on Tuesday, November 18th. Finally, Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $246.14.

Boeing Company Profile

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.