Investors Buy Shares of Boeing (BA) on Weakness

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Traders bought shares of Boeing Co (NYSE:BA) on weakness during trading on Monday. $1,411.52 million flowed into the stock on the tick-up and $1,386.73 million flowed out of the stock on the tick-down, for a money net flow of $24.79 million into the stock. Of all equities tracked, Boeing had the 30th highest net in-flow for the day. Boeing traded down ($6.71) for the day and closed at $372.28

Several research firms have issued reports on BA. Norddeutsche Landesbank restated a “sell” rating and set a $300.00 target price on shares of Boeing in a research report on Wednesday, March 13th. Nord/LB restated a “sell” rating and set a $300.00 target price on shares of Boeing in a research report on Wednesday, March 13th. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. DZ Bank restated a “sell” rating on shares of Boeing in a research report on Monday, March 11th. Finally, UBS Group set a $525.00 target price on Boeing and gave the stock a “buy” rating in a research report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $409.94.

The firm has a market capitalization of $214.12 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.36. The company has a debt-to-equity ratio of 25.99, a quick ratio of 0.31 and a current ratio of 1.08.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.96. The firm had revenue of $28.34 billion for the quarter, compared to analysts’ expectations of $26.76 billion. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, equities analysts predict that Boeing Co will post 20.13 earnings per share for the current fiscal year.

Boeing declared that its board has approved a share buyback plan on Monday, December 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to reacquire up to 11.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, SVP Heidi B. Capozzi sold 2,916 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total value of $1,198,009.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP J Michael Luttig sold 8,500 shares of the stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $410.46, for a total value of $3,488,910.00. The disclosure for this sale can be found here. In the last three months, insiders sold 72,247 shares of company stock worth $28,922,977. 0.24% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Aperio Group LLC boosted its holdings in shares of Boeing by 2.0% during the third quarter. Aperio Group LLC now owns 344,003 shares of the aircraft producer’s stock worth $127,935,000 after purchasing an additional 6,641 shares during the period. Fiduciary Group LLC boosted its holdings in shares of Boeing by 22.2% during the third quarter. Fiduciary Group LLC now owns 6,468 shares of the aircraft producer’s stock worth $2,405,000 after purchasing an additional 1,176 shares during the period. Strategic Advisors LLC boosted its holdings in shares of Boeing by 20.0% during the third quarter. Strategic Advisors LLC now owns 5,067 shares of the aircraft producer’s stock worth $1,885,000 after purchasing an additional 843 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of Boeing by 10.1% during the third quarter. First Citizens Bank & Trust Co. now owns 18,581 shares of the aircraft producer’s stock worth $6,911,000 after purchasing an additional 1,706 shares during the period. Finally, Westbourne Investment Advisors Inc. purchased a new stake in shares of Boeing during the third quarter worth about $855,000. 69.78% of the stock is currently owned by hedge funds and other institutional investors.

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Boeing Company Profile (NYSE:BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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