United Bank Boosts Stock Position in The Boeing Company $BA

United Bank lifted its holdings in shares of The Boeing Company (NYSE:BA) by 96.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,514 shares of the aircraft producer’s stock after buying an additional 3,193 shares during the quarter. United Bank’s holdings in Boeing were worth $1,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Measured Wealth Private Client Group LLC purchased a new position in Boeing during the third quarter valued at $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing during the fourth quarter worth about $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the fourth quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in shares of Boeing during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BA shares. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Tigress Financial raised their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Citigroup lifted their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wells Fargo & Company began coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $261.61.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is set to open its fourth 737 MAX assembly line in Everett, Washington, signaling progress on a production ramp as demand for the jet stays strong. Market Chatter: Boeing Opens Fourth 737 MAX Assembly Line to Support Production Ramp
• Positive Sentiment: The FAA is expected to certify the 737 MAX 7 later this month, a key step that could unlock 258 delayed Southwest orders and help Boeing clear another major approval hurdle. Boeing’s MAX 7 Delay May Finally End
• Positive Sentiment: Reports also say the FAA may soon restore Boeing’s final 737 safety signoff authority, which would reduce a major bottleneck in deliveries. Boeing Nears 737 MAX 7 Approval as FAA Eyes Key Authority Restoration
• Positive Sentiment: Philippine Airlines is reportedly preparing to order 15 Boeing 787-10 aircraft, which would add to Boeing’s backlog and support long-term widebody demand. Philippine Air to order 15 Boeing 787-10 and nine Airbus A350-1000
• Neutral Sentiment: Boeing and Bahir Dar University announced a partnership to establish an aviation innovation center, a strategic initiative that is unlikely to move shares in the near term. Bahir Dar University and Boeing partner to establish Aviation Innovation Center
• Negative Sentiment: Two recent incidents involving Boeing 737 MAX aircraft have revived headline risk, with reports of a broken or detached window on a Ryanair flight that injured a passenger and forced an emergency landing. Boeing 737 Makes Emergency Landing After Broken Window Injures Passenger
• Negative Sentiment: A separate investigation linked a misplaced locking pin to a Boeing 787 nose gear collapse in Frankfurt, reinforcing concerns about quality control and oversight. German investigators link misplaced pin to Boeing 787 incident

Boeing Price Performance

NYSE BA traded down $0.77 during trading hours on Friday, hitting $222.34. 3,825,758 shares of the company’s stock traded hands, compared to its average volume of 5,207,274. The company has a market capitalization of $175.27 billion, a PE ratio of 107.93 and a beta of 1.21. 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 Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The firm’s 50-day moving average is $223.28 and its 200-day moving average is $224.79.

Boeing (NYSE:BA) last released 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 business 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 period last year, the business earned ($0.49) earnings per share. Equities analysts forecast that The Boeing Company will post -0.1 EPS for the current fiscal year.

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.