The Boeing Company $BA Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in The Boeing Company (NYSE:BA) by 4.2% in the 1st quarter, HoldingsChannel reports. The firm owned 211,881 shares of the aircraft producer’s stock after purchasing an additional 8,620 shares during the quarter. D.A. Davidson & CO.’s holdings in Boeing were worth $42,171,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Purus Wealth Management LLC lifted 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 buying an additional 41 shares in the last quarter. West Wealth Group LLC grew 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 in the last quarter. First Heartland Consultants Inc. grew its stake in shares of Boeing by 1.1% in the fourth quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock worth $882,000 after acquiring an additional 43 shares in the last quarter. XML Financial LLC increased its position in shares of Boeing by 0.5% during the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock worth $1,933,000 after acquiring an additional 43 shares during the period. Finally, Global Financial Private Client LLC raised its stake in shares of Boeing by 1.1% in the fourth quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BA. Btg Pactual set a $260.00 target price on Boeing in a report on Tuesday. Morgan Stanley upped 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. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Wells Fargo & Company assumed 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, Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.53.

Boeing Stock Performance

Shares of BA stock opened at $218.41 on Thursday. The company has a market cap of $172.18 billion, a P/E ratio of 106.03 and a beta of 1.21. The firm has a fifty day moving average price of $222.63 and a 200 day moving average price of $224.83. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

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 business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.49) earnings per share. Sell-side analysts predict that The Boeing Company will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the firm’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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported its highest first-half aircraft deliveries since 2018, including 171 commercial and defense deliveries in Q2 and 314 jet deliveries through June, a sign that production and supply-chain execution are improving. Reuters article on Boeing records highest first-half deliveries since 2018
• Positive Sentiment: New aircraft demand also looks healthy, with Boeing benefiting from the global airline fleet renewal cycle and a large backlog that supports longer-term revenue visibility. Yahoo Finance article on Boeing benefit from global airline fleet renewal cycle
• Positive Sentiment: Media reports that Riyadh Air may place a larger Boeing order, and a WestJet lease for 13 Boeing 737-10 jets, suggest continued interest from airlines in Boeing’s narrow-body lineup. Yahoo Finance article on Boeing Eyes Bigger Riyadh Air Order
• Positive Sentiment: Boeing is also highlighting its defense and autonomous systems portfolio, including the MQ-28 Ghost Bat at Farnborough, which may help investor confidence in its non-commercial growth drivers. Yahoo Finance article on Boeing unveils MQ-28 Ghost Bat
• Neutral Sentiment: Morgan Stanley remained constructive on aerospace and defense ahead of Q2 earnings, citing resilient demand and improving aircraft production, though it noted stock volatility and valuation differences in the sector. Yahoo Finance article on Morgan Stanley stays bullish on aerospace
• Negative Sentiment: Reuters also reported that Boeing and Airbus had to charter a large cargo plane to move parts faster, underscoring lingering supply-chain bottlenecks that could still weigh on production schedules. Reuters article on Airbus and Boeing easing supply snags

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.