Trivium Point Advisory LLC purchased a new position in The Boeing Company (NYSE:BA – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,168 shares of the aircraft producer’s stock, valued at approximately $686,000.
Other large investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing in the 3rd quarter worth $25,000. Strive Financial Group LLC purchased a new position in Boeing during the 4th quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in Boeing during the 4th quarter valued at about $26,000. CrossGen Wealth LLC acquired a new position in Boeing during the 4th quarter valued at about $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in Boeing in the fourth quarter valued at about $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.
Boeing Stock Performance
Shares of BA stock opened at $231.50 on Monday. The business has a fifty day moving average of $221.70 and a 200 day moving average of $222.79. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The firm has a market capitalization of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21.
Insider Buying and Selling
In other news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.
Key Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
- Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
- Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
- Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
- Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Sanford C. Bernstein started coverage on shares of Boeing in a report on Tuesday, August 11th. They set an “outperform” rating on the stock. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research report on Wednesday, July 29th. William Blair reiterated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Finally, Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.
Check Out Our Latest Research Report on Boeing
About Boeing
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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