Boeing (NYSE:BA) Stock Price Down 2.4% – Time to Sell?

The Boeing Company (NYSE:BA) was down 2.4% during mid-day trading on Wednesday . The company traded as low as $235.50 and last traded at $236.6480. Approximately 5,771,403 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 8,325,825 shares. The stock had previously closed at $242.59.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing plans to open a fourth 737 MAX production line in Everett in mid?summer, signaling a material capacity ramp that supports revenue and backlog growth as airline demand remains strong. Read More.
• Positive Sentiment: Strong January operations: Boeing delivered 46 jets (38 737 MAX, five 787s) — one of the busiest Januarys — which supports near?term cash flow and validates production recovery. Read More.
• Positive Sentiment: Boeing won a C?17 upgrade contract and recorded another 737 MAX order, adding defense revenue and incremental commercial backlog while valuation lags peers — positives for medium?term earnings visibility. Read More.
• Positive Sentiment: High?profile bullish endorsement: Jim Cramer called Boeing “one of my favorites,” which can increase retail interest and short?term buying pressure. Read More.
• Positive Sentiment: Short interest fell ~17% in January to ~13.8M shares (1.8% of float, 1.4 days cover), reducing immediate downward pressure from shorts and lowering the risk of aggressive short?selling. (Market data)
• Neutral Sentiment: Market reaction mixed: some coverage notes that despite a strong January for deliveries/orders, the stock slipped — suggesting investors may have priced in improvements or are taking profits after recent gains. Read More.
• Negative Sentiment: Starliner program remains a material overhang: recent coverage highlights that Boeing’s Starliner capsule continues to be “a work in progress,” and concerns over program delays, costs, or reputational damage are cited as the main reason for the stock’s decline today. This program risk still attracts investor scrutiny and can weigh on sentiment until resolved. Read More.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BA shares. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research report on Thursday, October 30th. Susquehanna reaffirmed a “positive” rating and issued a $280.00 target price on shares of Boeing in a research report on Thursday, January 15th. Morgan Stanley set a $245.00 price target on shares of Boeing in a report on Wednesday, January 28th. Jefferies Financial Group upped their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Sunday, February 1st. Finally, Vertical Research reiterated a “buy” rating and issued a $281.00 price objective on shares of Boeing in a research report on Tuesday, January 27th. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.14.

Boeing Trading Down 2.4%

The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The firm has a 50-day moving average price of $226.67 and a 200-day moving average price of $219.09. The company has a market capitalization of $185.85 billion, a price-to-earnings ratio of 117.74 and a beta of 1.15.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. During the same quarter last year, the company earned ($5.90) EPS. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, SVP Dana S. Deasy purchased 554 shares of the company’s stock in a transaction on Monday, November 24th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the sale, the executive vice president directly owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. This represents a 41.67% 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.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in Boeing during the 4th quarter worth approximately $201,000. Sivia Capital Partners LLC raised its position in Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after buying an additional 217 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Boeing by 11.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 124,176 shares of the aircraft producer’s stock worth $26,051,000 after acquiring an additional 12,540 shares in the last quarter. MGO One Seven LLC boosted its position in Boeing by 14.7% during the 2nd quarter. MGO One Seven LLC now owns 9,699 shares of the aircraft producer’s stock worth $2,032,000 after acquiring an additional 1,240 shares during the period. Finally, Vest Financial LLC grew its stake in Boeing by 39.2% during the 2nd quarter. Vest Financial LLC now owns 15,700 shares of the aircraft producer’s stock valued at $3,290,000 after acquiring an additional 4,425 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.