Lam Group Inc. Sells 3,573 Shares of The Boeing Company $BA

Lam Group Inc. decreased its position in shares of The Boeing Company (NYSE:BA) by 65.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,926 shares of the aircraft producer’s stock after selling 3,573 shares during the period. Lam Group Inc.’s holdings in Boeing were worth $383,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $25,000. Strive Financial Group LLC bought a new position in Boeing in the fourth quarter worth $25,000. CrossGen Wealth LLC bought a new position in Boeing in the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $26,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $27,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BA. Morgan Stanley lifted their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Wells Fargo & Company began coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective on the stock. Tigress Financial raised their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $261.61.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a new Space Force/MUOS defense contract worth up to $2 billion, adding to its government and space backlog and providing a longer-term revenue stream. Article Title
• Positive Sentiment: The EU extended its suspension of retaliatory tariffs in the Boeing-Airbus dispute, reducing the risk of fresh trade pressure on Boeing’s commercial airplane business. Article Title
• Positive Sentiment: Boeing also announced a new cybersecurity-focused SkyGuard service partnership with CYVIATION, a small but constructive sign of product expansion in aviation services. Article Title
• Neutral Sentiment: Comments from Boeing leadership about ongoing ETOPS testing and the 777X suggest there is still “a lot of work to do,” reinforcing that certification and execution risks remain. Article Title
• Negative Sentiment: A Boeing 777 freighter’s extremely low flyover in Texas drew criticism from pilots, creating another headline that could remind investors of operational and safety scrutiny around the brand. Article Title

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of Boeing stock opened at $217.31 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The firm’s 50-day moving average is $223.94 and its 200 day moving average is $223.48. The stock has a market cap of $171.30 billion, a price-to-earnings ratio of 105.49 and a beta of 1.19. 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 issued 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 firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted ($0.49) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -0.15 EPS for the current fiscal 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.