SG Trading Solutions LLC purchased a new position in The Boeing Company (NYSE:BA – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,470 shares of the aircraft producer’s stock, valued at approximately $753,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Vanguard Group Inc. grew its holdings in Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC lifted its holdings in shares of Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after buying an additional 286,848 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after buying an additional 533,753 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Boeing by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after acquiring an additional 135,860 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock valued at $948,905,000 after acquiring an additional 138,469 shares during the period. 64.82% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on BA
Key Stories Impacting Boeing
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
Boeing Price Performance
Shares of Boeing stock opened at $223.51 on Friday. 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 company has a market cap of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19. The business has a 50 day moving average of $224.12 and a 200 day moving average of $222.81. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the previous year, the firm posted ($0.49) earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current year.
Boeing Company 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.
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