The Boeing Company (NYSE:BA) Short Interest Down 17.0% in January

The Boeing Company (NYSE:BA) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 13,812,861 shares, a decrease of 17.0% from the January 15th total of 16,636,845 shares. Based on an average daily volume of 9,725,551 shares, the short-interest ratio is presently 1.4 days. Currently, 1.8% of the company’s stock are sold short. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 9,725,551 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TD Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Wolfe Research reaffirmed an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. Morgan Stanley set a $245.00 price target on Boeing in a report on Wednesday, January 28th. BNP Paribas Exane set a $150.00 target price on Boeing in a research report on Tuesday, November 18th. Finally, Vertical Research reaffirmed a “buy” rating and set a $281.00 price target on shares of Boeing in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $246.14.

Insiders Place Their Bets

In other Boeing news, SVP Dana S. Deasy acquired 554 shares of the company’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Uma M. Amuluru sold 2,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total value of $644,516.00. Following the sale, the executive vice president owned 11,925 shares of the company’s stock, valued at approximately $2,814,300. This trade represents a 18.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

Institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing during the third quarter worth $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Boeing during the fourth quarter worth $26,000. 1 North Wealth Services LLC bought a new stake in Boeing in the fourth quarter valued at about $27,000. Strategic Wealth Advisors LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 1.5%

Shares of BA traded up $3.61 during trading hours on Monday, hitting $242.96. 6,829,110 shares of the company were exchanged, compared to its average volume of 7,785,125. Boeing has a 52 week low of $128.88 and a 52 week high of $254.35. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The firm’s 50 day moving average is $229.65 and its 200-day moving average is $219.45. The company has a market cap of $190.80 billion, a PE ratio of 120.87 and a beta of 1.15.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same period last year, the business earned ($5.90) EPS. On average, equities research analysts forecast that Boeing will post -2.58 EPS for the current fiscal year.

About Boeing

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.