Pavion Blue Capital LLC Buys New Shares in The Boeing Company $BA

Pavion Blue Capital LLC bought a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,934 shares of the aircraft producer’s stock, valued at approximately $852,000.

Other institutional investors have also bought and sold shares of the company. UNIVEST FINANCIAL Corp purchased a new stake in Boeing in the 2nd quarter worth $661,000. K.J. Harrison & Partners Inc purchased a new position in shares of Boeing in the second quarter valued at about $2,458,000. Grandfield & Dodd LLC purchased a new position in shares of Boeing in the second quarter valued at about $15,437,000. IMG Wealth Management Inc. bought a new position in shares of Boeing in the second quarter worth about $34,000. Finally, MidFirst Bank bought a new position in shares of Boeing in the second quarter worth about $529,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

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

Boeing Stock Performance

NYSE:BA opened at $226.48 on Tuesday. The company has a market cap of $179.00 billion, a price-to-earnings ratio of 98.04 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 stock’s 50 day simple moving average is $221.91 and its two-hundred day simple moving average is $222.66. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the prior year, the company posted ($1.24) earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “hold” rating in a report on Tuesday, August 11th. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Finally, BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $300.00 in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $272.58.

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.