MidFirst Bank Invests $531,000 in The Boeing Company $BA

MidFirst Bank bought a new position 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 & Exchange Commission. The firm bought 2,444 shares of the aircraft producer’s stock, valued at approximately $531,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BA. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the 3rd quarter worth about $25,000. Strive Financial Group LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing during the fourth quarter worth approximately $26,000. CrossGen Wealth LLC acquired a new stake in Boeing during the fourth quarter worth approximately $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Morgan Stanley raised their price objective on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Finally, Citigroup increased their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Two investment 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $262.32.

Boeing Trading Up 0.4%

Shares of Boeing stock opened at $223.51 on Friday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The stock has a 50 day moving average price of $224.23 and a two-hundred day moving average price of $222.81. The stock has a market capitalization of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19.

Boeing (NYSE:BA) last issued its 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. During the same period in the previous year, the company earned ($0.49) earnings per share. Boeing’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction 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 acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.