The Boeing Company $BA Shares Purchased by Xponance LLC

Xponance LLC lifted its position in The Boeing Company (NYSE:BA) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 114,846 shares of the aircraft producer’s stock after acquiring an additional 9,455 shares during the quarter. Xponance LLC’s holdings in Boeing were worth $24,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BA. Fisher Asset Management LLC raised its position in Boeing by 3.3% during the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after acquiring an additional 177,597 shares during the period. Russell Investments Group Ltd. raised its position in Boeing by 41.1% during the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock worth $48,316,000 after acquiring an additional 65,216 shares during the period. Princeton Capital Management LLC raised its position in Boeing by 78.3% during the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after acquiring an additional 5,381 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Boeing during the fourth quarter worth $55,787,000. Finally, Granite Investment Partners LLC raised its position in Boeing by 1,984.0% during the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock worth $6,787,000 after acquiring an additional 29,939 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 5.8%

Shares of BA opened at $221.08 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The firm has a 50-day moving average price of $222.55 and a 200 day moving average price of $221.40. The firm has a market capitalization of $174.28 billion, a P/E ratio of 107.32 and a beta of 1.19.

Boeing (NYSE:BA) last announced 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 firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the prior year, the company posted ($0.49) EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

Insider Activity

In other news, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced a $2.35 billion investment in its Wichita campus, reinforcing management’s commitment to production and long-term operational improvement. Boeing (BA) Stock Trades Up, Here Is Why
• Positive Sentiment: Boeing’s Global Services unit reported higher Q1 revenue, a record $33 billion backlog, and major contract wins, suggesting a growing recurring revenue stream that could support future earnings. Can Boeing’s Global Services Business Become a Bigger Growth Driver?
• Positive Sentiment: The FAA granted test approval for Boeing’s 777X program, another sign that the company is making regulatory progress on a key future aircraft platform. Boeing 777X Wins FAA Test Approval As Stock Trades Below Targets
• Neutral Sentiment: A Reuters report said the U.S. Air Force is confident it has found a fix for a long-running KC-46 tanker issue, which could help Boeing’s defense program but is still an early-stage development. US Air Force confident in fix for Boeing KC-46 refueling tanker
• Negative Sentiment: Recent headlines also note that Boeing has faced delivery delays affecting Riyadh Air’s launch, underscoring that supply chain and production issues remain a risk. Saudi’s new national carrier gets off ground despite war, delays

Wall Street Analyst Weigh In

BA has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Citigroup upped their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $262.32.

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.