Boeing (NYSE:BA) Shares Down 1.1% – Here’s Why

The Boeing Company (NYSE:BA)’s share price fell 1.1% during trading on Tuesday. The company traded as low as $173.27 and last traded at $173.4610. Approximately 6,946,373 shares were traded during mid-day trading, a decline of 3% from the average session volume of 7,134,939 shares. The stock had previously closed at $175.40.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon finalized an order for 140 Boeing 737-10 jets, a record MAX-family purchase by a lessor. The deal adds to Boeing’s backlog and signals continued demand for its narrowbody aircraft. Boeing Has the Orders, the Cash Flow, and Insider Buyers, But What’s Still Missing?
• Positive Sentiment: Two directors bought about $1.51 million of Boeing shares after the stock’s decline, a signal of insider confidence. Boeing also generated $464 million in free cash flow in the latest quarter, supporting hopes for a gradual recovery. These Boeing Directors Just Bought Shares. Here’s What Wall Street Thinks.
• Neutral Sentiment: Analysts remain broadly optimistic, but the recovery depends on Boeing converting its large backlog into timely deliveries. The company’s production targets have slipped, with stabilization of 737 MAX output now expected in 2027. Do Wall Street Analysts Like Boeing Company Stock?
• Neutral Sentiment: A law firm announced an investigation into potential securities-law violations. The notice does not establish wrongdoing, but adds a legal headline investors may monitor. Kaplan Fox Announces Investigation
• Negative Sentiment: The FAA’s focus on the 787 Dreamliner’s wings raises fresh concerns about quality oversight and possible inspection or production disruption, weighing on confidence in Boeing’s execution. FAA Scrutiny of Dreamliner Wings
• Negative Sentiment: Boeing’s latest quarterly loss per share was larger than analysts expected, while production delays and the extended 777X timeline keep execution and profitability risks in focus. Caught Out By Boeing’s Slide? Here’s What The Bears Saw

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BA shares. Morgan Stanley decreased their price objective on Boeing from $225.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Needham & Company LLC assumed coverage on Boeing in a research note on Wednesday, October 28th. They issued a “hold” rating on the stock. Rothschild & Co Redburn boosted their target price on Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Wednesday, October 28th. Finally, Glj Research began coverage on shares of Boeing in a research note on Wednesday, October 28th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.88.

Boeing Price Performance

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 company has a fifty day moving average price of $193.12 and a two-hundred day moving average price of $215.79.

Boeing (NYSE:BA) last released its 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 for the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the previous year, the company posted ($7.47) EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -1.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley bought 5,820 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average cost 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 represents a 131.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven M. Mollenkopf bought 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, with a total value 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. This represents a 78.31% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Boeing

Several institutional investors and hedge funds 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 worth about $26,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter worth about $27,000. Retirement Wealth Solutions LLC raised its holdings in shares of Boeing by 3,575.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 143 shares during the last quarter. Bell Investment Advisors Inc bought a new position in Boeing in the 2nd quarter valued at about $29,000. Finally, Security National Bank of SO Dak bought a new position in Boeing in the 2nd quarter valued at about $30,000. 64.82% of the stock is owned by institutional investors.

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.