RPG Investment Advisory LLC Purchases 12,703 Shares of The Boeing Company $BA

RPG Investment Advisory LLC raised its position in The Boeing Company (NYSE:BAFree Report) by 24.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,994 shares of the aircraft producer’s stock after buying an additional 12,703 shares during the period. Boeing accounts for about 1.6% of RPG Investment Advisory LLC’s investment portfolio, making the stock its 27th biggest position. RPG Investment Advisory LLC’s holdings in Boeing were worth $13,894,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the third quarter valued at approximately $25,000. American National Bank & Trust boosted its holdings in shares of Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Reyes Financial Architecture Inc. bought a new stake in Boeing during the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC grew its position in Boeing by 650.0% during the 4th quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock worth $33,000 after acquiring an additional 130 shares during the last quarter. Finally, Davis Capital Management acquired a new stake in Boeing during the 3rd quarter valued at $33,000. 64.82% of the stock is owned by institutional investors.

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Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 2,731 shares of Boeing stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total value of $644,516.00. Following the completion of the sale, the executive vice president directly owned 11,925 shares in the company, valued at $2,814,300. This trade represents a 18.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the acquisition, the director directly owned 4,430 shares in the company, valued at approximately $993,206. The trade was a 101.36% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 21,012 shares of company stock worth $4,980,687 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on BA. JPMorgan Chase & Co. lifted their price objective on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Susquehanna restated a “positive” rating and issued a $280.00 target price on shares of Boeing in a research note on Thursday, January 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Weiss Ratings raised shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.48.

Get Our Latest Analysis on Boeing

Boeing Stock Up 0.1%

NYSE:BA opened at $208.42 on Friday. The company has a market cap of $163.68 billion, a price-to-earnings ratio of 103.69 and a beta of 1.13. 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 stock’s fifty day moving average price is $223.16 and its two-hundred day moving average price is $216.43. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS 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. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. During the same period last year, the business posted ($5.90) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Boeing Profile

(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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