Van Hulzen Asset Management LLC Acquires 2,937 Shares of The Boeing Company $BA

Van Hulzen Asset Management LLC raised its holdings in The Boeing Company (NYSE:BAFree Report) by 101.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,843 shares of the aircraft producer’s stock after buying an additional 2,937 shares during the period. Van Hulzen Asset Management LLC’s holdings in Boeing were worth $1,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BOK Financial Private Wealth Inc. bought a new stake in Boeing in the fourth quarter valued at approximately $114,000. FourThought Financial Partners LLC raised its stake in Boeing by 2.8% in the fourth quarter. FourThought Financial Partners LLC now owns 4,470 shares of the aircraft producer’s stock valued at $971,000 after buying an additional 123 shares during the period. Financial Synergies Wealth Advisors Inc. increased its stake in shares of Boeing by 3.7% during the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 2,442 shares of the aircraft producer’s stock worth $530,000 after purchasing an additional 86 shares during the period. Mach 1 Financial Group LLC bought a new position in shares of Boeing during the fourth quarter worth approximately $543,000. Finally, Fortis Group Advisors LLC increased its stake in shares of Boeing by 194.2% during the fourth quarter. Fortis Group Advisors LLC now owns 1,462 shares of the aircraft producer’s stock worth $333,000 after purchasing an additional 965 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.2%

Shares of NYSE:BA opened at $219.18 on Friday. The company has a market capitalization of $172.78 billion, a P/E ratio of 106.40 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The business’s 50 day simple moving average is $217.34 and its 200 day simple moving average is $218.62.

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

Insider Buying and Selling

In other Boeing 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 acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the acquisition, the director owned 4,430 shares in the company, valued at $993,206. This represents a 101.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BA. Morgan Stanley increased 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. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. TD Cowen reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Vertical Research reiterated a “buy” rating and set a $281.00 target price on shares of Boeing in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada increased their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $259.80.

View Our Latest Analysis on Boeing

Boeing News Summary

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About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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