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

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 Stock Down 0.4%

Shares of BA stock opened at $227.22 on Friday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a fifty day moving average of $203.31 and a 200-day moving average of $215.53. The company has a market capitalization of $172.70 billion, a price-to-earnings ratio of -16.61, a P/E/G ratio of 6.57 and a beta of 1.16.

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

More Boeing News

Here are the key news stories impacting Boeing this week:

Analysts Set New Price Targets

BA has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. New Street Research set a $257.00 price target on shares of Boeing in a research note on Tuesday, December 9th. BNP Paribas set a $150.00 price objective on shares of Boeing in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $235.33.

Read Our Latest Report on Boeing

Institutional Trading of Boeing

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

Insider Activity

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

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.

About Boeing

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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.

Further Reading

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