The Boeing Company $BA Shares Purchased by TCTC Holdings LLC

TCTC Holdings LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 53.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,572 shares of the aircraft producer’s stock after buying an additional 5,738 shares during the period. TCTC Holdings LLC’s holdings in Boeing were worth $3,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Coastwise Capital Group LLC boosted its position in Boeing by 5.3% in the 4th quarter. Coastwise Capital Group LLC now owns 7,464 shares of the aircraft producer’s stock valued at $1,621,000 after buying an additional 374 shares during the period. SmartHarvest Portfolios LLC purchased a new stake in shares of Boeing during the fourth quarter worth $420,000. MIdWestOne Financial Group Inc. raised its stake in shares of Boeing by 7.6% in the fourth quarter. MIdWestOne Financial Group Inc. now owns 11,500 shares of the aircraft producer’s stock valued at $2,497,000 after acquiring an additional 809 shares in the last quarter. Private Management Group Inc. boosted its holdings in Boeing by 3.8% in the fourth quarter. Private Management Group Inc. now owns 3,987 shares of the aircraft producer’s stock valued at $866,000 after purchasing an additional 147 shares during the period. Finally, Athena Investment Management boosted its holdings in Boeing by 1.7% in the fourth quarter. Athena Investment Management now owns 3,606 shares of the aircraft producer’s stock valued at $783,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 5.8%

BA stock opened at $221.08 on Friday. The stock has a market cap of $174.28 billion, a P/E ratio of 107.32 and a beta of 1.19. 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 twelve month low of $176.77 and a twelve month high of $254.35. The company’s 50 day moving average is $222.55 and its two-hundred day moving average is $221.40.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS 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 analysts’ expectations of $22.15 billion. During the same period last year, the business earned ($0.49) earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Research analysts expect that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction 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 acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced a $2.35 billion investment in its Wichita campus, reinforcing management’s commitment to production and long-term operational improvement. Boeing (BA) Stock Trades Up, Here Is Why
• Positive Sentiment: Boeing’s Global Services unit reported higher Q1 revenue, a record $33 billion backlog, and major contract wins, suggesting a growing recurring revenue stream that could support future earnings. Can Boeing’s Global Services Business Become a Bigger Growth Driver?
• Positive Sentiment: The FAA granted test approval for Boeing’s 777X program, another sign that the company is making regulatory progress on a key future aircraft platform. Boeing 777X Wins FAA Test Approval As Stock Trades Below Targets
• Neutral Sentiment: A Reuters report said the U.S. Air Force is confident it has found a fix for a long-running KC-46 tanker issue, which could help Boeing’s defense program but is still an early-stage development. US Air Force confident in fix for Boeing KC-46 refueling tanker
• Negative Sentiment: Recent headlines also note that Boeing has faced delivery delays affecting Riyadh Air’s launch, underscoring that supply chain and production issues remain a risk. Saudi’s new national carrier gets off ground despite war, delays

Analyst Ratings Changes

Several brokerages have weighed in on BA. 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. Citigroup upped their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Tigress Financial raised their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company began coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $262.32.

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.