Spartan Wealth Advisory Services LLC purchased a new position in The Boeing Company (NYSE:BA – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,141 shares of the aircraft producer’s stock, valued at approximately $824,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Princeton Capital Management LLC raised its holdings in Boeing by 78.3% in the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after buying an additional 5,381 shares during the last quarter. Rakuten Investment Management Inc. lifted its stake in shares of Boeing by 502.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock worth $22,398,000 after buying an additional 85,982 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Boeing during the first quarter valued at approximately $7,961,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $55,787,000. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Boeing by 103.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock valued at $2,237,000 after acquiring an additional 5,726 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.
Insiders Place Their Bets
In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.
Key Boeing News
- Positive Sentiment: The FAA said Boeing can again self-certify airworthiness for its 737 MAX and 787 jets, restoring a key authority Boeing lost after the MAX crashes and signaling improving oversight trust. FAA returning ticketing authority to Boeing for 737 MAX, 787 planes
- Positive Sentiment: Reports also say Boeing is nearing certification milestones for the 737 MAX 7 and MAX 10, which could help unlock delayed deliveries and improve cash flow. Boeing nears key certification milestone for 737 Max 7 and Max 10
- Positive Sentiment: Boeing delivered 64 jets in June and posted its strongest first half of deliveries since 2018, reinforcing the case that production and cash generation are improving. Boeing Delivered 64 Jets in June. Here’s What That Means for Its July 28 Earnings.
- Positive Sentiment: Boeing is also targeting a potential 100-jet SMBC deal, while broader airline demand headlines and upcoming air shows could support new order activity. Boeing Targets 100-Jet SMBC Deal as Airbus Battles for Major Order
- Neutral Sentiment: Analysts continue to rate Boeing as a “moderate buy,” but that view reflects ongoing execution progress rather than a near-term breakout catalyst. The Boeing Company (NYSE:BA) Given Average Recommendation of “Moderate Buy” by Brokerages
- Negative Sentiment: Competition remains a concern, as Airbus won major orders from Chinese airlines, highlighting Boeing’s continued weakness in a key international market. Airbus Wins Major Order from Air China to Firm Regional Hold
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Btg Pactual set a $260.00 price objective on shares of Boeing in a report on Tuesday, July 14th. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Citigroup boosted their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Morgan Stanley upped their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Tigress Financial increased their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $261.53.
View Our Latest Research Report on BA
Boeing Price Performance
NYSE BA opened at $214.38 on Monday. The company has a 50-day moving average price of $221.83 and a 200-day moving average price of $224.79. The Boeing Company has a 52 week low of $176.77 and a 52 week 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 firm has a market capitalization of $169.00 billion, a P/E ratio of 104.07 and a beta of 1.21.
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.49) EPS. Equities research analysts anticipate that The Boeing Company will post -0.27 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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