Rep. David Rouzer Sells The Boeing Company (NYSE:BA) Shares

Representative David Rouzer (R-North Carolina) recently sold shares of The Boeing Company (NYSE:BA). In a filing disclosed on January 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Boeing stock on December 9th. The trade occurred in the Representative’s “INTERACTIVE BROKERS LLC” account.

Boeing Price Performance

Shares of Boeing stock opened at $234.32 on Friday. The stock has a market cap of $178.10 billion, a price-to-earnings ratio of -17.13, a PEG ratio of 6.48 and a beta of 1.16. The firm’s 50-day moving average is $203.97 and its two-hundred day moving average is $215.75. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the firm earned ($10.44) earnings per share. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Boeing by 1.1% during the third quarter. Vanguard Group Inc. now owns 67,529,417 shares of the aircraft producer’s stock worth $14,574,874,000 after buying an additional 756,057 shares during the period. Newport Trust Company LLC lifted its position in Boeing by 2.5% during the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after acquiring an additional 707,490 shares during the period. Geode Capital Management LLC grew its stake in Boeing by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock valued at $3,402,073,000 after purchasing an additional 432,026 shares during the last quarter. Fisher Asset Management LLC grew its stake in Boeing by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after purchasing an additional 177,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock valued at $888,910,000 after purchasing an additional 44,338 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Dana S. Deasy purchased 554 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BA shares. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. BNP Paribas Exane began coverage on shares of Boeing in a report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 target price for the company. Finally, UBS Group restated a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.33.

Check Out Our Latest Stock Analysis on BA

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

About Representative Rouzer

David Rouzer (Republican Party) is a member of the U.S. House, representing North Carolina’s 7th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Rouzer (Republican Party) ran for re-election to the U.S. House to represent North Carolina’s 7th Congressional District. He won in the general election on November 5, 2024.

Rouzer earned his B.A. in agricultural business management, agricultural economics, and chemistry from North Carolina State University in 1994.

Rouzer is a former employee of the College of Agriculture and Life Sciences at North Carolina State University. He has also worked as an associate administrator/rural administrator for the United States Department of Agriculture and has owned The Rouzer Company.

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.

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