Boeing (BA) Reaches New 52-Week High and Low at $374.48

Boeing (NYSE:BA) shares reached a new 52-week high and low on Thursday . The stock traded as low as $374.48 and last traded at $369.80, with a volume of 402503 shares traded. The stock had previously closed at $373.39.

Several research analysts have weighed in on the company. Vetr cut Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price objective on the stock. in a research report on Tuesday, April 10th. Barclays increased their price objective on Boeing from $388.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, April 27th. Credit Suisse Group increased their price objective on Boeing from $443.00 to $455.00 and gave the stock an “outperform” rating in a research report on Thursday, April 26th. Canaccord Genuity reiterated a “hold” rating and set a $350.00 price objective on shares of Boeing in a research report on Wednesday, May 2nd. Finally, Nord/LB reiterated a “buy” rating and set a $385.00 price objective on shares of Boeing in a research report on Thursday, April 26th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $376.03.

The firm has a market capitalization of $209.79 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.38. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.15 and a quick ratio of 0.33.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $1.05. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. Boeing’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.01 EPS. equities research analysts anticipate that Boeing will post 14.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, May 10th. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

In related news, EVP J Michael Luttig sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $344.13, for a total value of $3,097,170.00. Following the sale, the executive vice president now directly owns 27,878 shares of the company’s stock, valued at $9,593,656.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory L. Hyslop sold 2,241 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $340.27, for a total value of $762,545.07. Following the completion of the sale, the senior vice president now directly owns 21,425 shares in the company, valued at $7,290,284.75. The disclosure for this sale can be found here. Insiders sold 12,373 shares of company stock worth $4,233,094 over the last ninety days. 0.24% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in BA. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Boeing by 220.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after purchasing an additional 220 shares during the last quarter. Advisors Preferred LLC bought a new position in Boeing in the first quarter valued at about $111,000. Stonehearth Capital Management LLC bought a new position in Boeing in the fourth quarter valued at about $105,000. Solaris Asset Management LLC bought a new position in Boeing in the fourth quarter valued at about $111,000. Finally, Lucia Wealth Services LLC bought a new position in Boeing in the first quarter valued at about $126,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

About Boeing

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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