Foundations Investment Advisors LLC Acquires 3,346 Shares of The Boeing Company $BA

Foundations Investment Advisors LLC grew its holdings in The Boeing Company (NYSE:BA) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,262 shares of the aircraft producer’s stock after buying an additional 3,346 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Boeing were worth $3,314,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Purus Wealth Management LLC grew its holdings in Boeing by 3.6% during the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after acquiring an additional 41 shares during the last quarter. West Wealth Group LLC raised its stake in shares of Boeing by 0.6% in the fourth quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock worth $1,581,000 after acquiring an additional 42 shares during the last quarter. First Heartland Consultants Inc. lifted its position in shares of Boeing by 1.1% during the fourth quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock worth $882,000 after purchasing an additional 43 shares in the last quarter. Global Financial Private Client LLC grew its stake in shares of Boeing by 1.1% during the fourth quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after purchasing an additional 44 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Boeing by 1.6% during the fourth quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock valued at $615,000 after purchasing an additional 44 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley purchased 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.10% of the company’s stock.

Boeing Price Performance

BA opened at $230.75 on Friday. The company has a fifty day moving average price of $218.89 and a two-hundred day moving average price of $219.53. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The firm has a market capitalization of $181.90 billion, a PE ratio of 112.01 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the company earned ($0.49) EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on BA shares. Tigress Financial boosted their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Argus upgraded Boeing to a “hold” rating in a report on Monday, February 2nd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA appears to be clearing the way for Boeing to move toward a 47-per-month production rate for the 737 MAX, signaling improving confidence in the company’s manufacturing stability and certification progress. 777X in 2027? FAA Suggests So, as Boeing Stock (NYSE:BA) Rises
• Positive Sentiment: CEO Kelly Ortberg said the 737 production ramp is stabilizing and that certification efforts are intensifying, reinforcing the view that Boeing is making operational progress after years of setbacks. Boeing CEO says 737 production ramp is stabilizing as certification push intensifies
• Positive Sentiment: Reports that China agreed to buy 200 Boeing aircraft continue to support the stock, with management describing the deal as only an initial tranche of potentially larger orders. Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come
• Positive Sentiment: Boeing also won an $854.7 million contract modification for P-8A aircraft for foreign military sales, adding to its defense backlog and helping offset commercial aircraft volatility. The Boeing Company wins $854.7M modification for P-8A aircraft for FMS
• Neutral Sentiment: A broader industry note said aerospace stocks are benefiting from an aftermarket rebound, which could provide a supportive backdrop for Boeing but does not directly change company fundamentals. 3 Aerospace Stocks Ready to Ride the Aftermarket Rebound
• Neutral Sentiment: Boeing’s SkyGrid unit announced new partnerships in U-space and advanced air mobility, which expands long-term optionality but is not likely to drive near-term stock moves. Boeing’s SkyGrid Moves Into U Space And Advanced Air Mobility

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.