Sierra Summit Advisors LLC Buys New Holdings in The Boeing Company $BA

Sierra Summit Advisors LLC purchased a new position in The Boeing Company (NYSE:BA) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 36,321 shares of the aircraft producer’s stock, valued at approximately $7,229,000.

Other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing during the fourth quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing during the fourth quarter worth $26,000. CrossGen Wealth LLC acquired a new position in Boeing during the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC acquired 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.

Boeing Stock Up 3.5%

BA stock opened at $226.18 on Friday. The firm has a market cap of $178.30 billion, a PE ratio of 109.80 and a beta of 1.21. 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 firm’s fifty day moving average is $223.70 and its 200 day moving average is $224.10. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter last year, the company posted ($0.49) EPS. The company’s revenue was up 14.0% on a year-over-year basis. On average, research analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing 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, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s return to China is driving optimism after China Southern reportedly placed a $3.62 billion order, including seven freighter aircraft, reinforcing demand in one of the world’s largest aviation markets and boosting the company’s backlog. Boeing (BA) Returns To China With Seven Plane Cargo Order From China Southern
• Positive Sentiment: Recent commentary also highlights improving delivery momentum, a sizable defense award, and a softer interest-rate backdrop, all of which are helping sentiment around Boeing’s cash-flow recovery and operational turnaround. Boeing stock gains as delivery recovery, defense backlog and a softer-rate backdrop lift sentiment
• Positive Sentiment: Analysts and market chatter remain constructive ahead of Boeing’s July 28 second-quarter earnings report, with investors watching for further progress in 737 MAX execution, commercial deliveries, and defense backlog growth. Boeing Stock (BA) Opinions on China Order and Earnings Outlook
• Neutral Sentiment: JetZero’s progress on a new aircraft design underscores long-term competitive pressure on Boeing, but it is more of an industry watch item than an immediate driver of today’s trading. In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing
• Negative Sentiment: A lawsuit involving Boeing-owned Wisk Aero over alleged retaliation tied to safety concerns adds another governance and safety headline, which could weigh on sentiment even if the financial impact is indirect. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns
• Negative Sentiment: Reports of an unplanned IT outage that disrupted factory operations from Washington to Florida highlight ongoing operational fragility and could temper enthusiasm around the recovery story. Boeing says ‘unplanned IT outage’ hit computer systems as factory work from Washington to Florida was disrupted

Wall Street Analysts Forecast Growth

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

Boeing Company 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.