Vaughan Nelson Investment Management L.P. Grows Position in The Boeing Company $BA

Vaughan Nelson Investment Management L.P. grew its position in The Boeing Company (NYSE:BA) by 58.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,024 shares of the aircraft producer’s stock after acquiring an additional 151,084 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Boeing were worth $81,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the third quarter valued at $25,000. Strive Financial Group LLC purchased a new stake in Boeing during the fourth quarter valued at $25,000. CrossGen Wealth LLC purchased a new stake in Boeing during the fourth quarter valued at $26,000. Ares Financial Consulting LLC bought a new position in Boeing during the fourth quarter valued at $26,000. Finally, 1 North Wealth Services LLC bought a new position in Boeing during the fourth quarter valued at $27,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction 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 completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Boeing Trading Up 0.4%

Shares of Boeing stock opened at $223.51 on Monday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The firm’s 50 day simple moving average is $224.23 and its two-hundred day simple moving average is $223.07. 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 firm has a market capitalization of $176.19 billion, a price-to-earnings ratio of 108.50 and a beta of 1.20.

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, 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 company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.49) earnings per share. Analysts predict that The Boeing Company will post -0.15 EPS for the current year.

Analyst Ratings Changes

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

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.