Bradley Tilden Buys 1,370 Shares of Boeing (NYSE:BA) Stock

The Boeing Company (NYSE:BAGet Free Report) Director Bradley Tilden bought 1,370 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Boeing Stock Down 0.2%

NYSE:BA traded down $0.43 on Friday, reaching $219.18. 4,612,601 shares of the stock traded hands, compared to its average volume of 7,206,725. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The company has a market capitalization of $172.78 billion, a price-to-earnings ratio of 106.40 and a beta of 1.21. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company’s fifty day simple moving average is $217.24 and its 200 day simple moving average is $218.62.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.49) EPS. Equities analysts predict that The Boeing Company will post -0.15 EPS for the current fiscal year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the 3rd quarter valued at about $25,000. Strive Financial Group LLC purchased a new stake in Boeing in the 4th quarter worth approximately $25,000. CrossGen Wealth LLC bought a new stake in Boeing during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new stake in Boeing during the 4th quarter worth approximately $26,000. Finally, 1 North Wealth Services LLC purchased a new position in Boeing during the fourth quarter valued at approximately $27,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BA. Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target for the company. Tigress Financial increased their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price objective on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Vertical Research reissued a “buy” rating and issued a $281.00 target price on shares of Boeing in a research report on Tuesday, January 27th. Finally, Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $259.80.

View Our Latest Stock Analysis on BA

Boeing Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Boeing (NYSE:BA)

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