First American Trust FSB Invests $5.32 Million in The Boeing Company $BA

First American Trust FSB bought a new stake in shares of The Boeing Company (NYSE:BAFree Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 24,658 shares of the aircraft producer’s stock, valued at approximately $5,322,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Davis Capital Management bought a new stake in shares of Boeing in the 3rd quarter valued at approximately $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Boeing in the 2nd quarter worth $34,000. Decker Retirement Planning Inc. purchased a new position in shares of Boeing during the second quarter valued at $35,000. Centerpoint Advisors LLC raised its holdings in shares of Boeing by 62.4% in the third quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after acquiring an additional 63 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Boeing in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Sunday, February 1st. Loop Capital set a $223.00 price objective on Boeing in a research note on Monday, November 3rd. BNP Paribas Exane set a $150.00 price objective on Boeing in a research report on Tuesday, November 18th. Susquehanna reiterated a “positive” rating and issued a $280.00 target price on shares of Boeing in a research note on Thursday, January 15th. Finally, Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $246.14.

View Our Latest Analysis on BA

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 2,731 shares of the company’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 transaction of $644,516.00. Following the completion of the transaction, the executive vice president directly owned 11,925 shares of the company’s stock, valued at $2,814,300. This represents a 18.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Howard E. Mckenzie sold 10,497 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the transaction, the executive vice president owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. This trade represents a 41.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 19,509 shares of company stock worth $4,629,316. 0.09% of the stock is currently owned by insiders.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Boeing Price Performance

Shares of BA stock opened at $230.35 on Tuesday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two 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 has a market capitalization of $180.91 billion, a price-to-earnings ratio of 114.60 and a beta of 1.15. The stock’s 50-day simple moving average is $233.04 and its 200-day simple moving average is $219.85.

Boeing (NYSE:BAGet Free Report) last issued its quarterly 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 company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($5.90) EPS. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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