Louisiana State Employees Retirement System Makes New $7.96 Million Investment in The Boeing Company $BA

Louisiana State Employees Retirement System purchased a new stake in The Boeing Company (NYSE:BA) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 40,000 shares of the aircraft producer’s stock, valued at approximately $7,961,000.

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

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction dated 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 completion of the purchase, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lifted their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Citigroup lifted their price objective on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $262.32.

Boeing Stock Down 1.0%

Shares of NYSE BA opened at $217.96 on Friday. 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 stock has a market capitalization of $171.82 billion, a PE ratio of 105.80 and a beta of 1.19. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The business’s fifty day moving average price is $224.08 and its 200-day moving average price is $223.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share 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. During the same period last year, the business posted ($0.49) EPS. The company’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post -0.15 EPS for the current year.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a major roughly $2 billion Space Force/MUOS satellite contract, extending military communications capability and reinforcing its defense-and-space backlog. BA Stock: Boeing Secures $2B Satellite Contract From Department Of War
• Positive Sentiment: Boeing’s Aviation Business Solutions launched SkyGuard with CYVIATION, adding a cyber-risk monitoring service that could appeal to airlines facing rising regulatory and security demands. CYVIATION Partners with Boeing on New SkyGuard Service
• Positive Sentiment: The White House meeting between defense CEOs and President Trump highlighted pressure to boost U.S. weapons production, a backdrop that could support Boeing’s defense business. Trump meets defense CEOs as Iran operations strain U.S. missile stockpiles
• Neutral Sentiment: Coverage noting Boeing is a trending stock suggests elevated investor attention, but it did not include a new fundamental catalyst. Here is What to Know Beyond Why The Boeing Company (BA) is a Trending Stock
• Negative Sentiment: Investor concern remains over the 777X timeline and ETOPS testing, with Kelly Ortberg saying there is “a lot of work to do,” which reinforces expectations that the jet may not enter service until 2027. “..A Lot of Work to Do”: Boeing Stock (NYSE:BA) Slips as Kelly Ortberg Talks ETOPS Testing

About Boeing

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.