Floyd Financial Group LLC Buys Shares of 4,193 The Boeing Company $BA

Floyd Financial Group LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,193 shares of the aircraft producer’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in Boeing during the 3rd quarter worth about $25,000. Strive Financial Group LLC bought a new position in shares of Boeing in the 4th quarter worth about $25,000. CrossGen Wealth LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won an Air Force repair contract, which supports its defense business, repair operations, and related supply chains. Boeing Wins Air Force Repair Contract
• Positive Sentiment: Analyst coverage remains upbeat, with reports noting Wall Street sentiment is generally optimistic and average recommendations still pointing to a “Moderate Buy.” Is Boeing (BA) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Several articles highlighted Boeing’s improving defense momentum, including strong defense revenue growth, a large backlog, and the view that defense contracts could help drive the next phase of growth. Can Defense Contracts Help Fuel Boeing’s Next Phase of Growth?
• Positive Sentiment: Recent commentary also said the 737 MAX recovery is accelerating, which supports the case for a broader operational turnaround, even though risks remain in the wide-body segment. Boeing: The 737 MAX Recovery Is Accelerating, But Wide-Body Risks Remain
• Neutral Sentiment: Investors are also watching Boeing’s move into quantum computing, but the announcement is more of a long-term technology initiative than an immediate earnings driver. Boeing Stock (NYSE:BA) Slips Despite Huge New Quantum Computing Push
• Negative Sentiment: The fatal B-52 crash at Edwards Air Force Base involved Boeing employees among the victims, adding a tragic headline, though it is not a direct financial issue for the company. Iowa native among 8 killed in B-52 bomber crash at Edwards Air Force Base

Analyst Upgrades and Downgrades

Several research firms recently commented on BA. Tigress Financial raised their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Morgan Stanley lifted their price objective on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $262.32.

Boeing Stock Performance

Shares of BA opened at $223.51 on Friday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a market cap of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19. The stock has a 50-day moving average of $224.12 and a 200-day moving average of $222.81. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

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

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

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.