Janus Henderson Group PLC grew its holdings in The Boeing Company (NYSE:BA – Free Report) by 43.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,907,876 shares of the aircraft producer’s stock after purchasing an additional 1,176,074 shares during the period. Janus Henderson Group PLC owned approximately 0.50% of Boeing worth $840,204,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of BA. Revolve Wealth Partners LLC purchased a new position in shares of Boeing during the 4th quarter worth $201,000. Sivia Capital Partners LLC grew its holdings in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 217 shares during the period. AXA S.A. grew its holdings in shares of Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after purchasing an additional 32,041 shares during the period. Ieq Capital LLC grew its holdings in shares of Boeing by 243.8% during the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after purchasing an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after purchasing an additional 53,736 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Boeing News Summary
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing is benefiting from a broader risk-on move after the U.S.-Iran peace deal reopened the Strait of Hormuz, easing geopolitical worries and lifting aerospace shares. Investors are also reacting to reports that BA may be undervalued, with some analysts still seeing room for the stock to rise. Boeing (BA) Stock Could Be 16.4% Undervalued After Peace Deal Lifts Sentiment
- Positive Sentiment: New coverage highlighted Boeing’s defense business as a potential growth driver, pointing to 21% defense revenue growth, $9 billion in orders, and an $86 billion backlog. That reinforces the view that Boeing’s recovery may be increasingly supported by military and government contracts. Can Defense Contracts Help Fuel Boeing’s Next Phase of Growth?
- Neutral Sentiment: Boeing also got a fresh nod from analysts, with reports calling the stock a “Moderate Buy.” That supports sentiment, but it is not a near-term catalyst by itself. The Boeing Company (NYSE:BA) Given Average Recommendation of “Moderate Buy” by Analysts
- Negative Sentiment: Investor attention is still on the deadly B-52 crash at Edwards Air Force Base, where Boeing employees were among the victims. Early reports suggest the aircraft plunged rapidly before impact, and the incident could lead to scrutiny of Boeing’s defense programs even though the investigation is ongoing. B-52 on test flight plunged at nearly a mile a minute before crashing, early data shows – PBS
Boeing Price Performance
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company earned ($0.49) EPS. Boeing’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts forecast that The Boeing Company will post -0.15 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
BA has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Citigroup increased their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Morgan Stanley increased their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Two equities research 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 stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $262.32.
View Our Latest Analysis on Boeing
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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