Capstone Capital Management Ltd Buys Shares of 15,765 The Boeing Company $BA

Capstone Capital Management Ltd bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,765 shares of the aircraft producer’s stock, valued at approximately $3,423,000. Boeing comprises about 3.3% of Capstone Capital Management Ltd’s portfolio, making the stock its 6th biggest holding.

A number of other hedge funds have also made changes to their positions in BA. Fisher Asset Management LLC increased its holdings in shares of Boeing by 3.3% in the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after purchasing an additional 177,597 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Boeing by 41.1% in the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares during the last quarter. Xcel Wealth Management LLC increased its holdings in shares of Boeing by 12.1% in the third quarter. Xcel Wealth Management LLC now owns 49,230 shares of the aircraft producer’s stock valued at $10,625,000 after purchasing an additional 5,327 shares during the last quarter. Granite Investment Partners LLC increased its holdings in shares of Boeing by 1,984.0% in the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 29,939 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $55,787,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley purchased 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the transaction, the director directly owned 4,430 shares in the company, valued at approximately $993,206. This represents a 101.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Uma M. Amuluru sold 1,503 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the transaction, the executive vice president owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Citi turned constructive on the aerospace selloff, calling it a buying opportunity and raising its price target on Boeing to $260, which supports the bullish case for the stock. Boeing Stock (NYSE:BA) Suffers Further From Deal Disappointment
• Positive Sentiment: Market commentary around Boeing’s China order highlights that it reopens a key growth market after a long absence, which could help future sales if additional orders follow. Boeing Just Got Its First Major China Order in Nearly a Decade and the Stock Is Down 7%. Here Is Why That Is the Entry
• Neutral Sentiment: Ryanair’s strong profit report reinforced healthy air-travel demand, which is generally supportive for aircraft manufacturers like Boeing, even though the airline also cited Boeing delivery delays as a headwind. Ryanair profits surge 40% to €2.26 billion despite Boeing delays and fuel crisis
• Negative Sentiment: Investor reaction has been cautious because the China order fell short of the “mega deal” speculation that had built up ahead of the announcement, weighing on sentiment for BA. Assessing Boeing’s Valuation As China’s 200 Plane Order Disappoints High Market Expectations
• Negative Sentiment: Further commentary on the deal disappointment suggests the market is still focusing on Boeing’s execution challenges and not just the headline order size. Boeing Stock (NYSE:BA) Suffers Further From Deal Disappointment

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BA shares. Royal Bank Of Canada increased their price target on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Morgan Stanley raised their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. TD Cowen reissued a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, UBS Group raised their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Boeing Price Performance

BA stock opened at $220.54 on Tuesday. The business has a fifty day moving average of $217.58 and a two-hundred day moving average of $218.32. 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 has a market cap of $173.85 billion, a price-to-earnings ratio of 107.06 and a beta of 1.21. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. Boeing’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned ($0.49) EPS. As a group, research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current 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.