Floyd Financial Group LLC acquired a new position in shares of The Boeing Company (NYSE:BA – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,193 shares of the aircraft producer’s stock, valued at approximately $973,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC increased 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 worth $1,188,153,000 after acquiring an additional 177,597 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Boeing by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after acquiring an additional 65,216 shares during the period. Princeton Capital Management LLC lifted its position in shares of Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after acquiring an additional 5,381 shares during the period. Rakuten Investment Management Inc. grew its holdings in shares of Boeing by 502.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock worth $22,398,000 after purchasing an additional 85,982 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Boeing during the 4th quarter worth $55,787,000. Institutional investors and hedge funds own 64.82% of the company’s stock.
Key Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing won an Air Force repair contract, which supports its defense business, repair operations, and related supply chains. Boeing Wins Air Force Repair Contract
- Positive Sentiment: Analyst coverage remains upbeat, with reports noting Wall Street sentiment is generally optimistic and average recommendations still pointing to a “Moderate Buy.” Is Boeing (BA) a Buy as Wall Street Analysts Look Optimistic?
- Positive Sentiment: Several articles highlighted Boeing’s improving defense momentum, including strong defense revenue growth, a large backlog, and the view that defense contracts could help drive the next phase of growth. Can Defense Contracts Help Fuel Boeing’s Next Phase of Growth?
- Positive Sentiment: Recent commentary also said the 737 MAX recovery is accelerating, which supports the case for a broader operational turnaround, even though risks remain in the wide-body segment. Boeing: The 737 MAX Recovery Is Accelerating, But Wide-Body Risks Remain
- Neutral Sentiment: Investors are also watching Boeing’s move into quantum computing, but the announcement is more of a long-term technology initiative than an immediate earnings driver. Boeing Stock (NYSE:BA) Slips Despite Huge New Quantum Computing Push
- Negative Sentiment: The fatal B-52 crash at Edwards Air Force Base involved Boeing employees among the victims, adding a tragic headline, though it is not a direct financial issue for the company. Iowa native among 8 killed in B-52 bomber crash at Edwards Air Force Base
Insider Activity at Boeing
Analysts Set New Price Targets
BA has been the topic of a number of recent analyst reports. Wells Fargo & Company started coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Morgan Stanley upped their price objective on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Tigress Financial boosted their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $262.32.
Read Our Latest Analysis on Boeing
Boeing Stock Performance
NYSE:BA opened at $223.51 on Friday. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The stock’s 50-day simple moving average is $224.12 and its 200 day simple moving average is $222.81. The firm has a market capitalization of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19.
Boeing (NYSE:BA – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted ($0.49) EPS. On average, analysts anticipate that The Boeing Company will post -0.15 EPS for the current fiscal year.
Boeing Profile
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.
See Also
- Five stocks we like better than Boeing
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.
